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LeBron James rumors: James likely to opt out of Miami Heat contract

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LeBron James rumors indicate that the Miami Heat star will opt out of his contract. The latest James rumors come as the Heat try to recover from an NBA Finals loss to the San Antonio Spurs. According to a report from CBS Sports on Wednesday (June 18), it looks like the former MVP could wait until after the upcoming draft to announce his latest decision.

Dwyane Wade and Chris Bosh also have opt-out clauses in their current deals, meaning all three could decide to pursue a new deal in free agency. Another option that seems to have surfaced is the trio taking less money and trying to entice Carmelo Anthony to leave the New York Knicks to come to South Beach. It seems like a far-fetched idea, but one that could be very interesting to watch.

As it stands in current contract terms, the trio of Miami Heat stars would each make over $20 million during the 2014-15 season if they stayed with the team. None of the LeBron James rumors have really centered on how much money he would make next year, but he could certainly be looking for another max-contract with several player options in any new deal he signs.

It's very clear that he is in no rush to announce his decision about the upcoming season, even if he might already know what he plans on doing. This will lead to quite a bit of speculation during the 2014 NBA Draft and even more so as the free agency period begins in July. What he has to do is announce whether he will opt out of his current deal by the end of June, but from there he could then sign with any franchise.

When James decided to leave the Cleveland Cavaliers, the team traded him to the Heat for several draft picks. A sign-and-trade deal could possibly take place again this offseason. He could even decide to just get a new contract from Miami that extends him for several years past the 2014-15 NBA season. Now fans will have to simply watch and wait.

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