Lebron James OPTS OUT of Contract with Cavaliers, Will Become Free Agent

[MarloStanTrill]

USA TODAY Sports11:53 a.m. EDT June 29, 2016

He said he has no intention of leaving the Cavaliers following their championship season.

Since James returned to Cleveland in 2014, he has signed two short contracts, opting out after the first season of each one to take advantage of an escalating salary cap.

James could once again sign a two-year deal worth $64.2 million and opt after next season to once again take advantage of the rising salary cap, which is projected at $107 million.

If James opts out following the 2016-17 season, Cleveland will have full Bird rights and can sign James to a long-term deal approaching $160 million. The Cavs will be the only team that can offer him 7.5% raises next July. The contract would start at $35.2 million for 2017-18 and keep rising until it hit $43.1 million for the 2020-21 season.

But James has other options, too. Since Cleveland does not have full Bird rights on James now – just early Bird rights – it can only sign him this offseason to a four-year contract worth $137.7 million.

If James decided to leave Cleveland after next season, he could sign a four-year, $150.4 million deal with another team.

I know he most likely will resign & even if he left there was ZERO chance of coming to the shytty ass Hawks















But lemme just dream for a few minutes

 

[Pitfalls0117]

That annual flex on Dan Gilbert's hoe ass

 

[MarloStanTrill]

That annual flex on Dan Gilbert's hoe ass

So do you think hes just trying to get more money- or that he's lowkey looking to move on since he gave Cleveland what was promised

(serious question)

 

[Koapa]

Naw, he resigning. Bron is gonna pull a Jordan and money fukk Gan Gilbert. Keep signing them 1 year deals and increase the money annually.

I would like to see Wade sign with the Cavs tho.

 

[Microfracture]

That annual flex on Dan Gilbert's hoe ass

Money Dan aint hurtin...tross me daddi

 

[Brozay]

So do you think hes just trying to get more money- or that he's lowkey looking to move on since he gave Cleveland what was promised

(serious question)

Well he already said he's coming back so

 

[Jplaya2023]

Naw, he resigning. Bron is gonna pull a Jordan and money fukk Gan Gilbert. Keep signing them 1 year deals and increase the money annually.

I would like to see Wade sign with the Cavs tho.

gabby don't like cleveland and lebron won't let wade and them stay with him.

 

[jdubnyce]

Power moves...I respect it

 

[iamduval]

gabby don't like cleveland and lebron won't let wade and them stay with him.

They can barely afford to resign jr

 

[NoMorePie]

He's obviously resigning but...

A man can dream

 

[MarloStanTrill]

Well he already said he's coming back so

Yeah, but I'm old enough to not trust peoples words anymore, I look at actions.


Im sure the Cavs want him, and if he wanted to stay they could have easily worked out a deal. (If that aint how it works in NBA forgive me, I only really follow NFL like that) I mean the first thing every athlete says before they leave a team is "Im not going anywhere, I want to be a (fill in the blank) for life." Then money and situations change

 

[Brozay]

Yeah, but I'm old enough to not trust peoples words anymore, I look at actions.


Im sure the Cavs want him, and if he wanted to stay they could have easily worked out a deal. I mean the first thing every athlete says before they leave a team is "Im not going anywhere, I want to be a (fill in the blank) for life." Then money and situations change

Well they can't work out a deal until July 1st, he's obviously staying. He'll sign a one year deal again, and then max out in full next summer

 

[MarloStanTrill]

He's obviously resigning but...

A man can dream

Anyway you can photoshop that into a Hawks jersey, and then a MJ crying face for the inevitable losing season we would have regardless of our roster

 

[Saiyajin]

that well deserved pay raise ....

 

[MarloStanTrill]

Well they can't work out a deal until July 1st, he's obviously staying. He'll sign a one year deal again, and then max out in full next summer

Ok, I see. But are you saying they legally were not allowed to resign him before his contract ended? Hate to sound dumb but Im only familiar with NFL free agency rules and deadlines