NBA superstar LeBron James has decided to opt out of his current contract and will become a free agent on July 1 at 12:01 a.m.

Before any of this happens, James will sit down with teammates Chris Bosh and Dwyane Wade to discuss any future together, according to Yahoo! Sports.

James remains committed to Miami and thinks of them as his "primary choice," but is also intrigued with a sign-and-trade scenario involving the Los Angeles Clippers.

According to a Yahoo! Sports report, James and his camp are intrigued with the possibility of playing along side close friend Chris Paul. James is also interested in playing under president and head coach Doc Rivers, whom he also has a close relationship with.

It is unknown what sort of package the Clippers could put together to execute such a scenario.

Heat sources have stressed to Yahoo! Sports that HEAT president Pat Riley would never assist James in going elsewhere, but there is a fear that the HEAT would lose James in free agency and receive nothing in return.

If James decides to stay in Miami, he is eligible to sign a five-year, $114 million deal. If he chooses to leave Miami, he will be leaving an extra year and approximately $30 million on the table.

Aside from the Clippers, the Houston Rockets and Cleveland Cavaliers also have interest in meeting with James.