Without a verbal agreement, I say we move on by the 8th at the absolute latest.
Lee has interviews with Chicago, Miami, NJ and the Wolves. Sign him now! Then S&T him if necessary. Just don't miss the boat cos your eggs are all in one basket Donnie and Mike.
If we wait over long on LeBron for a more than likely declination of our offer, we are in trouble. Only 5 (or is it 6?) teams have interviews with James. The rest of the league are already making calls and offering contracts.
Losing Lee with no return is more likely than LeBron signing here.