Skip to content

Pat Riley releases statement on LeBron James opting-out of contract

Jun 24, 2014, 1:46 PM EDT

Miami Heat president Pat Riley is the man on the hot seat now that LeBron James has opted out with the Miami Heat.

But he knew all of it was coming, the opt out and the pressure . Riley sounded prepared for it at his end of season press conference, challenging LeBron James not to leave the Heat, noting that the Spurs or the Showtime Lakers or the Bird-era Celtics didn’t break up with a Finals loss. Riley released an official statement on Tuesday reacting to LeBron’s decision to opt out.

“I was informed this morning of his intentions. We fully expected LeBron to opt-out and exercise his free agent rights, so this does not come as a surprise. As I said at the press conference last week, players have a right to free agency and when they have these opportunities, the right to explore their options. The last four seasons have been historic and LeBron James, Dwyane Wade, Chris Bosh and Erik Spoelstra have led the Miami HEAT to one of the most unprecedented runs in the history of the NBA. We look forward to sitting down with LeBron and his representatives and talking about our future together. At the moment, we are preparing for the opportunities in the Draft and Free Agency as we continue with our goal of winning NBA Championships.”

You can be sure Pat Riley has plans — not one, multiple scenarios — to throw at LeBron about how he plans to improve the team, depending on how much money he has to spend.

Which comes back to how much of a pay cut LeBron, Chris Bosh and Dwyane Wade are willing to take. LeBron and Bosh seem open to the idea, Wade  is the wild card — he has talked about his importance to the franchise and that he doesn’t think he should take a cut. More Kobe Bryant than Tim Duncan. If he doesn’t make a move, it limits what Pat Riley can do.

And it opens the door wide for LeBron James’  suitors.

We’ll see if Pat Riley has a plan for that, too.

Latest Posts
  1. LeBron after Cavaliers fall to Nets: ‘You don’t chalk up losses’

    Mar 27, 2015, 11:44 PM EDT

    LeBron James AP

    LeBron refused to be dismissive of a seemingly harmless regular season loss.

  2. Shaquille O’Neal says he regrets leaving Magic for Lakers

    Mar 27, 2015, 10:30 PM EDT

    Orlando Magic add Shaquille O'Neal to team's Hall of Fame Getty Images

    O’Neal made the remarks while being inducted into the Orlando Magic Hall of Fame.

  3. Draymond Green launches “It’s cool Glen” line of T-shirts in latest banter between him, Doc Rivers

    Mar 27, 2015, 8:30 PM EDT

    b2644bf0-d4c9-11e4-bb85-27743e449672_csg

    The battle between Green and Doc Rivers continues in the funniest of ways.

  4. Cavaliers coach David Blatt: ‘LeBron James is our MVP’

    Mar 27, 2015, 7:25 PM EDT

    Atlanta Hawks v Cleveland Cavaliers - Game 1 Getty Images

    Blatt knows James is unlikely to get the league-wide award this season.

  5. No Durant, what does that mean for Thunder in these playoffs? Trouble.

    Mar 27, 2015, 6:12 PM EDT

    Oklahoma City Thunder v Denver Nuggets Oklahoma City Thunder v Denver Nuggets

    The Thunder defense has become a mess, which is bad for the playoffs.

  6. Report: UNLV freshman guard Rashad Vaughn to enter NBA draft; Vaughn denies it

    Mar 27, 2015, 4:32 PM EDT

    San Jose State v UNLV Getty Images

    He is likely a middle second round pick if he comes out.

  7. Blake Griffin nails impression of Austin Rivers (VIDEO)

    Mar 27, 2015, 3:45 PM EDT

    Los Angeles Clippers v New York Knicks Getty Images

    It’s pretty spot on. And cold-blooded.

  8. Kevin Durant to have third foot surgery; is done for season, playoffs

    Mar 27, 2015, 3:09 PM EDT

    Kevin Durant Kevin Durant

    He should be back next season, the final one of this contract with Oklahoma City.

  9. High praise: Bob Cousy says Hassan Whiteside reminds him of Bill Russell

    Mar 27, 2015, 1:32 PM EDT

    Boston Celtics v Miami Heat Boston Celtics v Miami Heat

    Cousey said not Shaq, not Ewing, nobody reminded him of Russell like Whiteside.

  10. Report: Salary cap could rise to $105 million in 2017-18

    Mar 27, 2015, 11:55 AM EDT

    AP Money Found AP

    As everyone braces for 2016 spike, another big bump could follow

  11. Goran Dragic leading feisty Heat’s playoff push

    Mar 27, 2015, 10:55 AM EDT

    Goran Dragic, Josh Tiven Goran Dragic, Josh Tiven

    LeBron James and a lot of stature are gone, but with the more-modest goal of just making the playoffs, Miami’s new point guard embracing the challenge

  12. Anthony Davis made 100 free throws in arena after Rockets loss

    Mar 27, 2015, 10:19 AM EDT

    Houston Rockets v New Orleans Pelicans Getty Images

    Pelicans star missed eight free throws in setback to Houston

  13. DeMarcus Cousins has response for fan who tells him to stop complaining about calls

    Mar 27, 2015, 8:30 AM EDT

    Houston at Sacramento Getty Images

    Cousins has gotten better, but he still has yet to hear a foul call he liked.

Featured video

Where does Steve Nash rank all-time?
Top 10 NBA Player Searches
  1. K. Durant (5882)
  2. K. Lowry (5608)
  3. L. Aldridge (5562)
  4. R. Rubio (5543)
  5. N. Batum (5188)
  1. G. Monroe (5024)
  2. A. Shved (4941)
  3. P. George (4865)
  4. B. Knight (4842)
  5. D. Rose (4800)