James reportedly agreed to a four-year, $154 million deal with the team Sunday, according to Klutch Sports and Adrian Wojnarowski of ESPN.
James, who has a home and production company in Los Angeles, joins a team with plenty of money to spend under the National Basketball Association salary cap and a desire to rebuild into a championship team after years of struggles.
Unlike his previous decisions which featured a one-hour ESPN Special in 2010 and a Sports Illustrated letter in 2014, this time James' announcement was much more low-key. One of general manager Koby Altman's most critical tasks will be deciding whether to retain or trade Kevin Love, who will make nearly $50 million the next two seasons. After years of Stephenson trying to troll James, James was nearly in on the joke by the time the series finished, even giving a reporters a play on words of Stephenson's nickname 'Born Ready.' . The Lakers are considered strong candidates to sign James, but he also has an offseason home in L.A.
James has dominated the Eastern Conference over the last eight seasons.
James is unlikely to return to the Cavs, and other than the Lakers, there are few situations that he would prefer than landing in Philadelphia with two uber-talented young stars that he can build with for the future.
After news broke Sunday evening that James is headed to Los Angeles, the Westgate SuperBook reopened the Lakers at 9-2 to win next year's title. Hopefully for them, they will still be his teammates by the time the season starts. The Cavs became the first team to rally back from a 3-1 deficit in the Finals, and they did so against a team that won a league-record 73 games in the regular season. If Los Angeles coach Luke Walton still wants to run a system where everyone is empowered to make plays, Stephenson should fit right in as a bench player.
The chance to play for one of America's most storied franchises was appealing to James, who prides himself on knowing the game's history.