LeBron James can opt out of his contract with the Miami Heat during the 2014 offseason. The Los Angeles Lakers and Cleveland Cavaliers are two teams likely to have enough cap space to sign him to a max contract outright, though the success of the situation with the Heat would prove difficult for him to leave.

"I don't know because I haven't really even thought about it," said James. "So when that moment comes up, I will approach it, like a professional, and we'll see what happens."

James almost certainly won't announce his decision live on television in an hour-long special.

"You learn from your mistakes," he said. "That's something I've been able to do."

James and the Heat have reached the Finals in each of their three seasons together.

"That's something I've lived with, and if the opportunity comes [again], if I'm in that position, I'll be able to handle it much better."