LeBron James is officially an unrestricted free agent. Cleveland.com’s Joe Vardon is reporting that James will not exercise his player option for next season, forgoing the remaining $35.6 million on his contract to instead have his pick of teams to sign with this summer.

Here’s what James’s decision means moving forward.” data-reactid=”22″>Don’t be startled.

The reason the water in your cup just started shaking amid loud, intermittent thudding noises is because LeBron James is officially an unrestricted free agent. Cleveland.com’s Joe Vardon is reporting that James will not exercise his player option for next season, forgoing the remaining $35.6 million on his contract to instead have his pick of teams to sign with this summer.

Here’s what James’s decision means moving forward. Cavs can still sign him to a massive contract.

Basically, until James signs somewhere else or Cleveland renounces his rights, the Cavs can offer LeBron a full five-year max deal utilizing his Bird Rights. This isn’t insignificant. Read more from sports.yahoo.com…

thumbnail courtesy of yahoo.com