LeBron James, fresh off guiding the Cleveland Cavaliers to their first NBA title, is headed for free agency after officially declining the $24 million player option on his contract. While the move frees James to talk to other teams, he isn't expected to leave Cleveland but to negotiate a new contract with them. James, 31, was a unanimous choice as NBA Finals Most Valuable Player after leading the Cavaliers back from a 3-1 deficit to beat the Golden State Warriors.