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.

After 22 years in the NBA, LeBron James is closer than he's ever been to finishing his basketball career. With some big decisions to make this summer, only LeBron knows what the future has in store but ESPN hopes to get involved once James finally steps away.

LeBron James ignites retirement speculation with a cryptic new ad, leaving NBA fans wondering what his next move will be.