After six seasons with the Los Angeles Lakers, LeBron James has a decision to make by June 29. Yet, if you ask his agent, Rich Paul, James will forgo his $51.4 million player option for the 2024-25 season, making him a free agent. Many also expect James to end up re-signing with the Lakers after he opts out, one way or another.

Philadelphia 76ers executive Daryl Morey contacted the Lakers before the trade deadline to pitch an offer for James. However, the Lakers were unwilling to move the four-time MVP. Still, Philadelphia remains heavily linked to James because of their financial flexibility.

The Cleveland Cavaliers are another Eastern Conference team linked to James. Some argue that going back home to Cleveland is something James had planned all along.

However, a surprise Western Conference team could enter the James sweepstakes this summer. According to sources, the team also has a strong interest in drafting Bronny James.

How James Will Approach His Free Agency Decision

The Decision: Part 4

James, who just wrapped up his sixth season with the Lakers, has several choices in front of him, with one being to pick up that option, play next season under that salary, and then enter the 2025-26 season as a free agent.

Another is that he can pick up the option and then negotiate an extension with the Lakers. A deal would take James to around a staggering 23rd season.

Rich Paul: “LeBron is a free agent.”

… but LeBron currently has a pending player option. Interesting slip up from his agent. 👀

(via @ChrisBHaynes) pic.twitter.com/5IrtdnP8C1

— Legion Hoops (@LegionHoops) May 26, 2024

 

However, another choice in front of the four-time MVP is to opt out of his contract, decline the $51.4 million, and become a free agent come July 1. While James has roughly another month to decide what he wants to do, it appears his agent Rich Paul may have let slip James’ intentions during a recent NBA broadcast.

“LeBron’s a free agent,” Paul stated. “I gotta focus on his business, and he should be focused on his business, and let the Lakers hire whoever they want to hire. He’s always showed up and played for whatever coach is there.”