Miami Heat's LeBron James to become free agent from July 1

NBA superstar LeBron James has opted out of his contract with Miami Heat.

He is set to become a free agent, effective July 1, Forbes reported.

It does not mean that James, 29, considered the top NBA player, is set to leave the Heat. It just means that he will explore options in free agency, USA Today reported.

James could sign a maximum deal with the Heat for five years for US$130 million (S$162 million).

He can also sign a deal for less money and less with the Heat, or sign a four-year deal worth as much as US$96 million with another team. 

The four-time MVP and 10-time All-Star has two championships with the Heat.

Watch the best of James' 2014 season here.

Source: Forbes, USA Today

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