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LeBron James Is Officially an NBA Free Agent

According to Deadspin, LeBron James’ agent has informed the Cleveland Cavaliers the superstar will not exercise his $35.6 million option and instead become an unrestricted free agent. There is still a chance that LeBron will simply sign a new contract with Cleveland, but sources say that's unlikely to happen. Oddsmakers say the Los Angeles Lakers are the overwhelming favorite to land LeBron.