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James declines option, new deal coming

CLEVELAND, OH - JUNE 22: LeBron James #23 of the Cleveland Cavaliers celebrates during the Cleveland Cavaliers 2016 championship victory parade and rally on June 22, 2016 in Cleveland, Ohio. (Photo by Jason Miller/Getty Images)

CLEVELAND (AP) LeBron James is about to hit the free-agency market and stay right at home.

James declined his player option for next season with the NBA champion Cavaliers, but the finals MVP has made it clear he has no intention of leaving Cleveland anytime soon. He had until midnight Wednesday to pick up the option, which would have paid him $24 million next season.

The 31-year-old superstar has been a free agent the past three summers, electing each time to sign two-year contracts with a player option for the second season. It's not yet clear if he'll sign another short-term deal or a multiyear package.

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Rank Name APG
1 R. Rondo, Sac11.7
2 R. Westbrook, OKC10.4
3 J. Wall, Was10.2
4 C. Paul, LAC10.0
5 R. Rubio, Min8.7
6 J. Harden, Hou7.5
7 D. Green, GS7.4
8 D. Lillard, Por6.8
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Steals Per Game
Rank Name SPG
1 S. Curry, GS2.14
2 R. Rubio, Min2.13
3 C. Paul, LAC2.05
4 K. Lowry, Tor2.05
5 R. Westbrook, OKC2.04
6 T. Ariza, Hou1.98
7 R. Rondo, Sac1.96
8 J. Wall, Was1.88
9 P. George, Ind1.88
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