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LeBron declines $35.6-million option with Cavs to become free agent

Related Topics: Free agent, Cleveland Cavaliers

CLEVELAND—LeBron James made the first move. Decision 3.0 is officially under way.

James told the Cleveland Cavaliers that he is not exercising his $35.6 million contract option for next season and will hit the free-agent market, two people familiar with the decision told The Associated Press.

The LeBron James free-agency bonanza has begun. Where will he land? The Los Angeles Lakers, Philadelphia 76ers and Houston Rockets are all potential suitors.