Overview
- On July 9, LeBron James exercised his 2025–26 player option for $52.6 million despite widespread speculation about his future.
- Ownership made no effort to offer James an extension, marking a clear decision to move on from the four-time Finals MVP.
- Insiders say James was excluded from updates on the team’s sale to majority owner Mark Walter, unlike newcomer Luka Doncic.
- Front-office relations have grown strained, with league executives noting an unusual silence around the franchise icon.
- Trade discussions are underway, with Cleveland and New York emerging as potential landing spots, though his expiring deal presents major hurdles.