The elder James currently has a $52.6 million player option for next season. While many have expected him to play out that option, insider Anthony Irwin reported that there is a real chance the 40-year-old turns it down and instead signs a new two-year deal.

James will be entering year 23 of his NBA career, but he is still playing at a very high level. Last season, the former league MVP averaged 24.4 points, 7.8 rebounds, 8.2 assists, 1.0 steals, and 0.6 blocks per game.