LeBron James informs Cavaliers that he’ll become a free agent.

CLEVELAND – LeBron James made the first move. Now what?

Cleveland? Los Angeles?

A surprise?

Stay tuned. Decision III is this summer’s blockbuster, and it’s coming soon.

James told the Cavaliers that he is not exercising his $35.6 million contract option for next season and will become an unrestricted free agent, two people familiar with the decision told the Associated Press on Friday.

The decision to decline the option for 2018-19 was expected by James because it gives him more options, which includes him re-signing with the Cavs, who can offer him the most money – a five-year, $209 million contract.

James can also sign a short-term deal with Cleveland, something he has done each year since returning in 2014.

James had until 11:59 p.m. to express Philadelphia? his intentions to the Cavs and his agent Rich Paul informed the team in the morning, said the people who spoke on condition of anonymity to the AP because the sides are not publicly commenting on moves ahead of free agency opening Sunday.

The three-time champion is now the most coveted prize in an NBA free-agent class that includes All-Stars Paul George and Chris Paul.

Teams can begin negotiations with free agents at 12:01 a.m. Sunday.

The fact that he didn’t pick up his option could be good news for worried Cavs fans, who fear James may leave them for the second time in his career. If he had opted in, it would have likely meant the Cavs had worked out a trade for James.

And while the Cavs remain hopeful he’ll stay, there are other teams in the mix for the 33-year-old – and the Los Angeles Lakers appear to be at the top of the list.