With many questions swirling in Miami regarding the future of the big 3, the first domino has fallen as LeBron James has decided to exercise his early termination option. He will become a free agent on July 1, his agent Rich Paul has informed the Miami Heat. It’s worth noting, however, that this has absolutely no bearing on whether or not he’ll actually leave the Heat. This can be viewed as LeBron’s way of putting pressure on Pat Riley to improve the roster, even though Riley has stated that he thinks the roster is fine.
That leaves Bosh and Wade. With Wade breaking down, he’d be nothing short of a fool to opt out. He’s much better off holding the team’s salary cap ransom and sitting idly while collecting his guaranteed $40 million over the next two seasons.
Perhaps, this means Chris Bosh will likely be offered considerably less if he does opt out, which is why he may not. At the end of the day, if Bosh and Wade opt in and LeBron is offered near the max, there isn’t much financial flexibility to make any substantial improvements short of trades.