James can either accept the player option and stay with the Lakers on his deal or opt out, become a free agent and re-sign on a longer contract or with another franchise. James has time to make his decision, however. The deadline on his player option does not expire until June 29.

LeBron James' future with the Los Angeles Lakers involves some uncertainty, but the King has reportedly decided what to do.

Why Lakers All-Star forward LeBron James' recent workout video on a basketball court went viral on social media.