LeBron James opted out of the final year of his contract with the Cleveland Cavaliers and will become a free agent, several news outlets reported Friday. The basketball star is opting out of his third year with the team, and a contract worth $35.6 million. The National Basketball Association’s free agent period will officially begin Sunday. This year, stars Paul George, Chris Paul, and DeMarcus Cousins will also be free agents. James previously became a free agent in 2010, when he joined the Miami Heat, and opted out of his contract again in 2014, when he left the Heat to join the Cavaliers.