Los Angeles is among the teams in the mix to land James after his agent told the Cavs he will not exercise his $AUD48 million contract option for next season.
With free agency officially starting on July 1, questions like these will soon be answered.
Eight years ago, James left and outraged many Cavs fans for the manner in which he departed. Team personnel were unable to reach him that summer to consult him on what he wanted.
The 76ers stand as a third and seemingly distant runner-up for James.
Houston: While the Rockets once seemed a good fit, James declining his option all but eliminated the chances of him joining up with close friend Chris Paul and MVP James Harden. "It ended a drought for Cleveland of 50-plus years, so I think we'll all remember that in sports history". But his fit with Simmons, whose lack of a jump shot makes it very hard for him to play off the ball, would be an awkward one, and it's unclear if James would want to go to a team with such a young supporting cast at this advanced stage of his career.
The Cavaliers can offer James the most money under National Basketball Association rules, a five-year deal worth $209 million, and he could also sign a short-term deal.
In the days that have led up to James' opt-out decision, the Lakers have jockeyed for position in the race to obtain the three-time champion by ramping up trade talks with the San Antonio Spurs to acquire all-NBA forward Kawhi Leonard, as reported by ESPN's Adrian Wojnarowski.
James will factor family - he has three children, and his oldest son is a rising hoops star - into the choice of where he plays next.
James had until 11:59 p.m.to express his intentions to the Cavs and his agent Rich Paul informed the team in the morning, said the people who spoke on condition of anonymity to the AP because the sides are not publicly commenting on moves ahead of free agency opening Sunday.
Jordan has opted out of the final year of that contract he signed with L.A.in 2015, and the Mavericks intend to pursue him as an unrestricted free agent, a person with knowledge of the decision told The Associated Press on Friday. Leonard, who plays for the San Antonio Spurs but is from Los Angeles, reportedly demanded a trade to the Lakers earlier this month.