Lebron James agent, Rich Paul, recently broke the news that Lebron will exercise his early termination clause agreement in his contract. He will opt out. Lebron intends on becoming an unrestricted free agent on July 1st. Opting out does not mean that James has decided to leave the Heat, sources said. James, a four-time NBA MVP, had until June 30 to decide whether to opt out of the final two years of his contract with the Heat. He was scheduled to make $20 million next season and had two years and about $42.7 million remaining on his deal. Could another big announcement be coming in July?