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LeBron James Declines Player Option, Will Become Free Agent

LeBron James looking over his right shoulder.

SACRAMENTO, CA - JANUARY 13: LeBron James #23 of the Cleveland Cavaliers stands on the court during their game against the Sacramento Kings at Golden 1 Center on January 13, 2017 in Sacramento, California. (Photo by Ezra Shaw/Getty Images)

LeBron James has made his decision. Instead of waiting for the 11:59 p.m. ET deadline to decide if he'll opt-in to the final year of his contract with the Cleveland Cavaliers, LeBron made his decision in a timely manner.

The NBA's best player will enter free agency. According to Joe Vardon of Cleveland.com, LeBron has decided he will not exercise his player option for the 2018-19 season.

The deal would have paid LeBron $35.6 million during his 16th NBA season. James will now enter free agency, and every team with the requisite space will vie for the King's talents.

Here's his decision from Joe Vardon.

This isn't a surprising development from LeBron, who can still re-sign with the Cavs on a larger deal if he so chooses.

The Los Angeles Lakers, Houston Rockets, Philadelphia 76ers, San Antonio Spurs, and several other organizations have already inquired about landing the star free agent. Los Angeles is the favorite to land LeBron, both in the eyes of NBA experts and the oddsmakers in Vegas.

According to Brian Windhorst, LeBron will make his decision before July 4.

Stay tuned.