Cavs News

Cavs News: LeBron James to Opt out of Contract and Become Free Agent for 2016-17 Season

Published by
Grant Cohen

According to Chris Broussard of ESPN, LeBron James reportedly plans not to exercise his player option and will become an unrestricted free agent for the 2016-17 NBA season. James was due to make $24 million in 2016-17. Now, he will likely look to get a new contract signed for max money.

After his brilliant performance in the NBA Finals, the four-time MVP has earned it. James has fulfilled his promise by finally bringing a championship banner to “The Land” and now he’s due for a hefty reward. James’ agent, Rich Paul, told Broussard that James will be back in Cleveland next year and that there is no timetable for a deal.

Due to the increase in the salary cap this year, James is reportedly expected to command upwards of $30 million next season. The three-time champion certainly deserves that kind of money and the Cleveland Cavaliers will surely be willing to oblige. As of now, nothing is official, but it looks like James will be back in a Cavs uniform next season, leading the way to another appearance in the NBA Finals.

Grant Cohen

Grant is a University of Central Florida graduate and a lifelong basketball fanatic. He is a freelance NBA writer with a passion for the game that extends beyond the court and a proud contributor to Cavaliers Nation.

Published by
Grant Cohen

Recent Posts

Kevin Garnett on Cavs: ‘They got an identity, but then they don’t wear it all the time’

Former Minnesota Timberwolves and Boston Celtics star Kevin Garnett directed some criticism the Cleveland Cavaliers'…

9 hours ago

Report: Franz Wagner ‘pierced’ one of Jarrett Allen’s ribs with an elbow during Game 4

Cleveland Cavaliers center Jarrett Allen suffered a rib injury due to an elbow from Orlando…

2 days ago

Marcus Morris on Cavs fans: ‘I just wanted to get an opportunity to show why they love me and why I love y’all’

Cleveland Cavaliers veteran Marcus Morris had a strong performance in his squad's pivotal Game 5…

3 days ago

Brian Windhorst snaps on Cavs, implies they’re shooting themselves in foot vs. Magic

ESPN’s Brian Windhorst went off on the Cleveland Cavaliers for not taking advantage of the…

4 days ago

Report: Cavs teammates had ‘patronizing’ reactions to Darius Garland 3-pointer earlier in Magic series

Teammates of Cleveland Cavaliers point guard Daris Garland reportedly gave the floor general multiple "patronizing…

5 days ago

Emoni Bates signs off on idea that he could win Most Improved Player in 2024-25 NBA season

Cleveland Cavaliers rookie Emoni Bates may have come into the 2023-24 campaign in hopes of…

6 days ago