MIAMI: AP source: LeBron will become free agent - Alabamas13.com WVTM-TV Birmingham, AL

AP source: LeBron will become free agent

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Miami Heat's LeBron James pauses during a news conference in Miami, Tuesday, June 17, 2014. James says he's going on vacation with his family before making any decisions about his future. (AP Photo/Alan Diaz) Miami Heat's LeBron James pauses during a news conference in Miami, Tuesday, June 17, 2014. James says he's going on vacation with his family before making any decisions about his future. (AP Photo/Alan Diaz)
MIAMI -

A person familiar with the situation tells The Associated Press that LeBron James has decided to opt out of the final two years of his contract with the Miami Heat and become a free agent on July 1.

Opting out does not mean James has decided to leave the Heat, said the person, who spoke on condition of anonymity because neither the four-time NBA MVP nor the team had made any public announcement.

James had two years and about $42.7 million remaining on his deal with the Heat. In his four seasons in Miami, the Heat have gone to the NBA Finals four times, winning two championships.

Copyright 2014 The Associated Press. All rights reserved

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