According to ESPN.COM

James will officially become a free agent on July 1st. Opting out his contract for the final two seasons doesn’t mean he can’t resign with the Miami Heat, but he is definitely putting the heat on Pat Riley and Micky Arison to spend money on improving their roster to contend for another finals appearance

LeBron, who was scheduled to make $20 million next season, has taken the Heat to four straight NBA Finals and won two in the process.

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