The NBA’s premier free agent is leaving the Cleveland Cavaliers for the second time in his career – this time to play for the Los Angeles Lakers.
James will join the Lakers on a four-year contract worth a total of $154million, according to a press release by Klutch Sports Group.
On social media, James, the Akron native, bid farewell to his hometown Cavaliers – the team that drafted him No. 1 overall in 2003.
‘Thank you Northeast Ohio for an incredible 4 seasons,’ James said in a message on his Instagram account.
‘This will always be home.’
The Lakers were considered one of the favorites to land James this offseason.
The team, which has enough salary-cap space to sign him and another star player, is still said to be in pursuit of Kawhi Leonard.
Leonard, the Spurs star, has asked San Antonio to trade him, preferably to the Lakers.
However, it is unclear if the Lakers have enough assets to entice the Spurs.
Another team that made a pitch to James, the Philadelphia 76ers, got their chance on Sunday to appeal to James to relocate to southeast Pennsylvania.
Representatives from the team met Sunday with James’ agent Rich Paul in Los Angeles, a person familiar with the plans told The Associated Press on condition of anonymity because of the sensitivity of the talks.
James, who returned to Los Angeles from vacation Saturday before NBA free agency opened, did not take part in the meeting, the person said.