James Set to Be Free Agent as Celtics Eliminate Cavs

May 14 (Bloomberg) -- Bloomberg's Gigi Stone reports on the outlook for the Cleveland Cavaliers' LeBron James, the two-time defending National Basketball Association Most Valuable Player who is set to be an unrestricted free agent on July 1, when teams such as the New York Knicks can try to sign him. The Cavaliers were eliminated from the playoffs last night with a 94-85 loss to the Boston Celtics in the Eastern Conference semifinals. (Source: Bloomberg)