LeBron James, Dwyane Wade and Chris Bosh can sign new contracts as early as 12:01 AM, July 1, but aren’t in a rush.
According to Yahoo Sports’ Adrian Wojnarowski, the Big Three will wait to see what Miami Heat president Pat Riley can do to upgrade the roster before making a decision.
As free agency starts, James/Bosh/Wade plan to give Pat Riley a window to enact his plan on upgrading supporting cast, sources tell Yahoo.
— Adrian Wojnarowski (@WojYahooNBA) July 1, 2014
This gives Riley an opportunity to chase other free agents, such as Toronto Raptors point guard Kyle Lowry, instead of spending time with the representation of the Big Three.
Reports surfaced Monday that Raptors general manager Masai Ujiri will make Lowry a significant contract offer as soon as the free agency period begins. Riley will now have a chance to match that offer, assuming Lowry’s representation answers the phone.
It would also give Miami a chance to place offers to restricted free agents Chandler Parsons and Eric Bledsoe. The Washington Wizards are also expected to make a push to re-sign center Marcin Gortat, who should receive multiple offers.
However, this also gives other teams—such as the Houston Rockets and Phoenix Suns—an opportunity to talk with LeBron in hopes of convincing the four-time MVP to leave Miami.
Teams can start negotiating with free agents on July 1, but players cannot officially sign until July 10.