While LeBron James is believed to have a favorite for which team he will sign with in free agency, he is still waiting to see if anything could change across the landscape of the league that would lead him to pivot to another situation.

James' agent, Rich Paul, has continued to speak about the decision-making process on his podcast as the Cleveland Cavaliers, Miami Heat, Philadelphia 76ers, Golden State Warriors, Denver Nuggets and Minnesota Timberwolves continue to wait for a resolution to the process.

"I think the league can always change," said Brian Windhorst to Yahoo Sports on Wednesday. "Unlike previous free agencies, where there was a lot of money that had to be cleared in the salary cap and teams had to spend, sometimes, multiple years to open up spots for LeBron, he can join under the parameters he's set here, which is that he's willing to play for some kind of exception.

"He can join any team at any time. He can join a team in December. Because of that, there's no reason not to see how things develop and see if anything alters the decision. Just because you think one way on July 10th doesn't mean he'll feel that way on July 20th.

"The timeline is completely his. It's up to him. Because it's smaller money, there's no penalty for him to wait. I think this is what veterans looking for. You see this in the NFL with veteran players near the end of their careers who aren't playing for top dollar can do: sit, wait, and watch the market. He definitely has a favorite in his head, of course he would at this point, but there's no penalty for waiting, and it's also great content for Rich's podcast."