The NBA announced Tuesday that LeBron James will sign a six-season contract with the league starting next season.
James, a four-time NBA champion, is expected to join a team led by former teammate and Hall of Famer Kobe Bryant, who also signed with the Los Angeles Lakers.
“We are extremely excited to welcome LeBron to the NBA,” Lakers general manager Mitch Kupchak said in a statement.
“He is a world-class player and a leader, both on and off the court.
We are honored to have him in our family.”
The deal is the first major deal to come from the NBA since former Lakers star Kobe Bryant announced he would join the Boston Celtics.
James is coming off a record-setting season with the Cleveland Cavaliers that saw him win the NBA’s Most Valuable Player Award.
He led the NBA in scoring with 29.3 points per game, led the league in scoring in the postseason with 34.5 points per contest, finished second in MVP voting with 27.9, finished third in Defensive Player of the Year voting with 26.5, and was third in All-NBA voting with 21.9.