Richie Paul, LeBron James‘ agent, has informed the Miami Heat that James will exercise his early termination option and become an unrestricted free agent.
According to my man @Chris_Broussard , LeBron James' agent Rich Paul has informed Heat that LeBron will exercise early termination option
— Marc Stein (@ESPNSteinLine) June 24, 2014 
LeBron James will opt out of his Heat contract. James, Jordan, Russell, Chamberlain and Kareem are the only 4x MVPs in NBA history.
— ESPN Stats & Info (@ESPNStatsInfo) June 24, 2014