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FILE - In this June 8, 2018, file photo, Cleveland Cavaliers' LeBron James walks to the bench during the first half of Game 4 of basketball's NBA Finals against the Golden State Warriors in Cleveland.... (Associated Press) 
  
 FILE - In this June 8, 2018, file photo, Cleveland Cavaliers' LeBron James walks to the bench during the first half of Game 4 of basketball's NBA Finals against the Golden State Warriors in Cleveland. Two people familiar with the decision say James has told the Cavaliers he is declining his $35.6 million... (Associated Press) 
  
 CLEVELAND (AP) — LeBron James made the first move. Now what? 
  
 Cleveland? Los Angeles? Philadelphia? A surprise? 
  
 Stay tuned. Decision III is this summer's blockbuster, and it's coming soon. 
  
 James told the Cavaliers that he is not exercising his $35.6 million contract option for next season and will become an unrestricted free agent, two people familiar with the decision told the Associated Press on Friday. 
  
 The decision to decline the option for 2018-19 was expected by James because it gives him more options, which includes him re-signing with the Cavs, who can offer him the most money — a five-year, $209 million contract. James can also sign a short-term deal with Cleveland, something he has done each year since returning in 2014. 
  
 James had until 11:59 p.m. to express his intentions to the Cavs and his agent Rich Paul informed the team in the morning, said the people who spoke on condition of anonymity to the AP because the sides are not publicly commenting on moves ahead of free agency opening Sunday. 
  
 The three-time champion is now the most coveted prize in an NBA free-agent class that includes All-Stars Paul George and Chris Paul. Teams can begin negotiations with free agents at 12:01 a.m. Sunday. 
  
 The fact that he didn't pick up his option could be good news for worried Cavs fans, who fear James may leave them for the second time in his career. If he had opted in, it would have likely meant the Cavs had worked out a trade for James. 
  
 And while the Cavs remain hopeful he'll stay, there are other teams in the mix for the 33-year-old — and the Los Angeles Lakers appear to be at the top of the list. 
  
 With the ability to sign two maximum-contract players, the Lakers can build a "Super Team" with James if they are able to also land George or work out a trade with San Antonio for Kawhi Leonard. On Thursday, George told the Oklahoma City Thunder he's declining his $20.7 million option for next season. 
  
 James already has some shallow roots on the West Coast with two homes in the Los Angeles area and a film production company. 
  
 The chance to join one of the league's most iconic franchises has an appeal to James and he said following this year's Finals that he remains in "championship mode." 
  
 The Philadelphia 76ers and Houston Rockets are also believed to covet the four-time league MVP, who just played in his eighth straight Finals. 
  
 James will factor family — he has three children, and his oldest son is a rising hoops star — into the choice of where he plays next. 
  
 James just completed his 15th NBA season, and it may have been his best yet. 
  
 He played all 82 regular-season games for the first time, averaging 27.5 points, 8.6 rebounds and a career-high 9.1 assists per game. He showed no signs of slowing down, if anything he had found a new gear. 
  
 James then carried the Cavs, with their flawed roster after a massive trading deadline turnover, through the Eastern Conference playoffs — they survived two Game 7s and swept the top-seeded Toronto Raptors — to the NBA Finals for a fourth straight meeting with the Golden State Warriors. 
  
 It was James' eighth consecutive Finals appearance, a remarkable feat not matched since Hall of Famer Bill Russell and a handful of Celtics did it in the 1960s. Cleveland was overmatched but James had the Cavs in position to steal Game 1 before a late-game missed free throw by George Hill and mental meltdown by Cavs forward J.R. Smith, who dribbled out the final seconds of regulation thinking his team was leading, led to an overtime loss. 
  
 With MVP Kevin Durant heading the charge, the Warriors completed a sweep of the Cavs and James, who revealed following the series that he had broken his right hand in a fit of frustration following Game 1. 
  
 James had numerous reasons to be upset. He had done everything possible, and as he left Quicken Loans Arena following Game 4 along with his sons, there was an air of uncertainty heading into this summer. 
  
 Those unknowns remain, but James is closer to solving them. 
  
 ___ 
  
 More AP NBA: www.apnews.com/tags/NBAbasketball ||||| CLEVELAND, Ohio -- LeBron James will not exercise the $35.6 million option on his contract with the Cavaliers for next season and will be an unrestricted free agent on Sunday, multiple sources told cleveland.com. 
  
 James had until 11:59 p.m. on Friday to pick up the option, which would have kept him in Cleveland for at least one more season. James' agent Rich Paul notified the Cavs of his decision Friday morning. 
  
 The emotional side to this is obvious, James is separating from the Cavs again (for the third time in four years) with no guarantees that he'll re-sign. Sources suggested to cleveland.com that his interest in joining the iconic Los Angeles Lakers is strong. 
  
 The business end of it is he's either made his choice on a new destination -- like the Lakers -- or he wants to stay home and maybe break the bank in Cleveland. 
  
 Teams can negotiate with free agents at midnight Sunday and the moratorium before they can sign new contracts ends July 6. 
  
 James can of course still return to the Cavs, and for more money than any other team can pay him. The Cavs can give him a new five-year contract worth $207.4 million, based on a current projection of a $101 million salary cap in the NBA for next season. The most another team could offer is four years and $152.3 million. 
  
 (The Cavs, who have James' "Bird Rights," can offer him a five-year deal with 8 percent raises each season; other teams can give him a four-year deal with 5 percent raises). 
  
 James has never previously exercised the option on any contract, and his failure to do so now does not by itself necessarily mean he is leaving Cleveland again. 
  
 But the Cavs, with James in the fold, are already $40 million over the $101 million salary cap for next season, so their options to upgrade the roster are limited. And he's said he wants to continue to be in "championship mode," which would mean beating Golden State -- something the Cavs only did once in the last nine Finals games. 
  
 The team with the most cap space that is the most likely destination for James should he depart is the Lakers, who could clear enough cap space to give max contracts to James and a younger star like Paul George ($30 million) without making a trade. 
  
 But George is also considering signing a new contract with the Oklahoma City Thunder, according to numerous reports, and thus far the Lakers have been unable to trade for star Kawhi Leonard -- another potential target for both the team and for James. 
  
 James has a home in Los Angeles, as do his chief business associates, and the allure of playing for a historic franchise like the Lakers appeals to him. The NBA rumor mill has had James headed to L.A. since last summer. 
  
 After the Lakers, the Philadelphia 76ers would have to clear about $8 million in cap space to have room for James, and would need to make at least one trade to do it. The Sixers also couldn't bring back JJ Redick or Marco Belinelli if they signed James. 
  
 The Houston Rockets -- maybe the team that most loses out as a potential trade partner to get James -- would have to clear another $15 million in cap space to have room for James as a free agent, and that's if they renounced free agents Chris Paul, Trevor Ariza and Clint Capela. 
  
 The Rockets' best chance to get James would be through a sign-and-trade deal, though it would require either someone (the Cavs or a third team) taking on Ryan Anderson's $20.4 million salary, or trading P.J. Tucker and Eric Gordon -- two pieces James would want to remain with the Rockets if he were headed there. 
  
 The Spurs, another destination occasionally connected with James, have no cap space entering this offseason, so they'd have to move mountains to sign him without a trade. 
  
 The regular season and playoffs that just ended were one of James' finest statistically, including a 34.0 ppg average in the playoffs. His 27.5 ppg during the regular season was his highest since 2010, and he set a career high with 9.1 assists and tied another with 8.6 rebounds per game. 
  
 By forgoing the option on his current contract with Cleveland, he's cost himself at least a little bit of money (and maybe a lot more), depending on where he ultimately signs. 
  
 The option (again, for $35.6 million) is worth about $300,000 more than the first year of any new contract he signs. If James had picked up the option and forced a trade, his new team could have -- in six months -- offered him a four-year extension to his contract that would have equaled roughly $207 million. 
  
 Should James choose a new team as a free agent, the most he could earn is about $55 million less than that. |||||
Output:
LeBron James made the first move—now what? Cleveland? Los Angeles? Philly? A surprise? Stay tuned. Decision III is this summer's NBA blockbuster, and it's coming soon. James told the Cavaliers he's not exercising his $35.6 million contract option for next season and will become an unrestricted free agent, two people familiar with the decision told the AP Friday. Sources confirmed the news to USA Today and Cleveland.com. The decision to decline the option for 2018-19 was expected by James as it gives him more options, which includes him re-signing with the Cavs, who can offer him the most money: a five-year, $209 million contract. James can also sign a short-term deal with Cleveland, something he's done each year since returning in 2014. James had until 11:59pm to express his intentions to the Cavs. The three-time champion is now the most coveted prize in an NBA free-agent class that includes All-Stars Paul George and Chris Paul. Teams can begin negotiations with free agents at 12:01am Sunday. The fact that James didn't pick up his option could be good news for Cavs fans, who fear James may leave them for the second time. If he'd opted in, it would have likely meant the Cavs had worked out a trade for him. But while the Cavs remain hopeful he'll stay, there are other teams in the mix for the 33-year-old, with the Los Angeles Lakers apparently at the top of the list; the Philadelphia 76ers and Houston Rockets are also believed to covet the four-time league MVP, who just played in his eighth straight NBA Finals and finished his 15th season. James will likely factor family—he has three children, and his oldest son is a rising hoops star—into the choice.