In professional sports, a free agent is a player who is eligible to sign with any club or franchise, i.e. not under contract to any specific team. The term is also used in reference to a player who is under contract at present, but who is allowed to solicit contract offers from other teams. In some circumstances, the free agent's options are limited by league rules.

The term came into wider use after sports leagues stopped using a "reserve clause", which provided a repetitive option for the club to renew the contract for one or more years but did not allow the player to terminate it.

Unrestricted free agents are players without a team. They have either been released from their club, had the term of their contract expire without a renewal, or were not chosen in a league's draft of amateur players. These players, generally speaking, are free to entertain offers from all other teams and to decide with whom to sign a new contract.

The specific rules of restricted free agency vary among the major professional sports, but in principle it means that a player is free to solicit offers from other teams for new contracts. However, before this player is allowed to sign with the new club, the current club has a chance to match (or come within 10% in some leagues) the terms of the new contract in which case the player must remain with the original team. In some leagues, if the original team decides not to match the other team's offer for the restricted free agent, the new team provides some number of draft selections to the original team as compensation for losing the player.

LeBron Raymone James (/ləˈbrɒn/; born December 30, 1984) is an American professional basketball player for the Miami Heat of the National Basketball Association (NBA). Nicknamed "King James", he was a three-time "Mr. Basketball" of Ohio in high school, and was highly promoted in the national media as a future NBA superstar while a sophomore at St. Vincent – St. Mary High School. He was selected with the number one pick in the 2003 NBA Draft by the Cleveland Cavaliers. Listed as a small forward, James has set numerous youngest player records since joining the league. He was named the NBA Rookie of the Year in 2003–04, was named the NBA Most Valuable Player in 2009, 2010, and 2012 and has been both an All-NBA selection and an All-Star every season since 2005. In 2010, a much-publicized free agency process ended with James signing with the Miami Heat.

James led the Cleveland Cavaliers to consecutive playoff appearances from 2006 through 2010. In 2007, the Cavaliers advanced to the NBA Finals for the first time in franchise history, but lost to the San Antonio Spurs. In 2011, James and the Miami Heat advanced to the NBA Finals but lost to the Dallas Mavericks. James has been a member of the USA national team, winning a bronze medal at the 2004 Olympics and gold at the 2008 Olympics.

Lance Stephenson, Jr. (born September 5, 1990 in Brooklyn, New York) is an American professional basketball player for the Indiana Pacers. He was drafted with the 40th overall pick in the 2010 NBA Draft. He is a 6 ft 5 in (1.96 m) shooting guard and attended Lincoln High School in the Coney Island section of Brooklyn. Stephenson won city basketball championships in all four years of high school, and is New York State's all-time leading scorer in high school basketball. After his senior year he was named New York State Mr. Basketball and was named to the McDonald's All-American Team in 2009.

Stephenson first caught the attention of scouts at age 12, when Clark Francis, a talent evaluator, saw him play at Rumble in the Bronx AAU tournament. And before his first year of high school, he attended the Adidas ABCD Camp, where he challenged O.J. Mayo to a one-on-one game.

In the summer of 2005, Stephenson enrolled at Bishop Loughlin Memorial High School, but he only attended the school for three days, before the school lost in the championship game of a youth league and he did not win the tournament MVP. The following week, Stephenson did not return to classes at Bishop Loughlin, and was attending Abraham Lincoln High School near his home in Coney Island.National Basketball Association players Stephon Marbury and Sebastian Telfair had also attended and played basketball at Lincoln High. Head coach Dwanye Morton said, "{Stephenson} always talked about outdoing Sebastian, outdoing Stephon,", and called him "The best I've ever had at Lincoln." Stephenson went on to lead the Railsplitters to the city title that year.