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The Miami Heat's LeBron James passes the ball against the San Antonio Spurs in Game 4 of the NBA Finals at American Airlines Arena in Miami on Thursday, June 12, 2014. (Hector Gabino/El Nuevo Herald/MCT)

Report: LeBron James opting out of Heat contract, will become free agent

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LeBron James's agent Richie Paul has told the Miami Heat his player will exercise an early termination option and become an unrestricted free agent, ESPN reported on Tuesday.

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James, a four-time NBA Most Valuable Player, had until June 30 to decide whether to opt out of the final two years of his contract.

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