ESPN's Chris Broussard is reporting that LeBron James' agent, Richie Paul, has informed the Miami Heat that the 4-time NBA MVP will exercise his early termination and become an unrestricted free agent on July 1.

James, who was scheduled to make $20 million next season, told reporters he would take a family vacation after losing to the San Antonio Spurs in the finals before making any contract decisions.

It looks like that vacation is over.

According to Broussard, this will give LeBron the same flexibility it did back in 2010 when he originally signed with the Miami Heat after playing the first seven years of his NBA career in Cleveland. This decision does not necessarily mean that LeBron will be leaving the Heat, but there is a possibility we will see Bron in a new uniform next season. So the multi-million dollar question is:

Will Bron stay, or will Bron go?

(story developing...)