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LeBron James to part company with Miami Heat

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Miami Heat's LeBron James takes a fade-away jumper while being guarded by Boris Diaw

Miami Heat's LeBron James takes a fade-away jumper while being guarded by Boris Diaw

Miami Heat's LeBron James takes a fade-away jumper while being guarded by Boris Diaw

LeBron James's agent has informed the Miami Heat that his player will exercise an early termination option and become an unrestricted free agent, ESPN reported on Tuesday.

Four-times National Basketball Association Most Valuable Player James had until June 30 to decide whether to opt out of the final two years of his contract.

He was due to earn $20 million next season.

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