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Here’s What LeBron’s Decision Friday Actually Means For The Lakers, Cavs & Rockets

LeBron James of the Cleveland Cavaliers stands on the court during their game against the Golden State Warriors.

OAKLAND, CA - JANUARY 16: LeBron James #23 of the Cleveland Cavaliers stands on the court during their game against the Golden State Warriors at ORACLE Arena on January 16, 2017 in Oakland, California. (Photo by Ezra Shaw/Getty Images)

On Friday morning, it was reported that LeBron James will decline his player option with the Cleveland Cavaliers. By declining the player option, James will now enter free agency.

Despite opting out, James can still re-sign with the Cavs is he so chooses. However, there is a heavy favorite to land LeBron in free agency, and it's not Cleveland.

The Los Angeles Lakers are the favorites in the eyes of NBA experts and Vegas oddsmakers alike. In the wake of his decision to decline the player option, ESPN's Brian Windhorst revealed what that decision means for three teams.

Here's what Windy had to say.

His decision hurts the Rockets due to the team's cap space. Houston lacks the requisite space to land a free agent of LeBon's caliber, and would likely have needed a trade with the Cavaliers in order to land the services of the King.

Los Angeles has plenty of cap space for Lebron and another star, such as Paul George. The Lakers are also in the hunt for Kawhi Leonard, though that acquisition could be delayed due to San Antonio's indifference to moving their star player this early.

LeBron's decision will change the face of the NBA once again.

Stay tuned for the latest free agency news.