LeBron James signs with the Los Angeles Lakers

LeBron James is joining the Los Angeles Lakers

Gilbert went on to say the team wish James "nothing but the best in the years and decades ahead" and also said they looked forward to someday retiring the star's number 23 jersey.

James, who became a free agent on 1 July, is widely considered the best basketball player in the world.

"Thank you Northeast Ohio for an incredible four seasons", James wrote on his Instagram story. Ibrahimovic is the third-most decorated active soccer player in the world with his 32 major trophies, and is one of just five active players with over 400 career goals.

"After a few lean years, LA are right back into the mix nearly straight away and the shift in odds from 8/1 into 3/1 for next season's Championship shows the importance of the 33-year-old as if anybody was in any doubt".

Johnson, an NBA legend and president of basketball operations in Los Angeles, told reporters last week that he would resign if he could not attract top talent in the next two off-seasons.

In a tone and tenor much different than his letter to Cavs fans following James' stunning move to Miami in 2010, the Cavs owner sent a message of gratitude to his former player. He upped those numbers to 34 points and 9.1 rebounds during Cleveland's run to the NBA Finals, where they were swept by the Golden State Warriors.

None of this would have happened if LeBron James did not agree to come back home and lead the Cavaliers to the promised land. Using the stretch provision on Luol Deng's contract-Deng is owed almost $37 million over the next two years-would also give the Lakers more money to spend.

All of the free agents not named LeBron James that are coming to Los Angeles are doing so on one-year deals.

By declining his option, James positioned himself to be able to choose where he'll play next, and Cleveland, just up the road from his home near Akron, remains a strong possibility.

One other victor in the LeBron deal?

The odds were slashed even further after Westgate SuperBook manager Jeff Sherman reported "a respected" wager had been placed on the Lakers, who are now 7/2 to secure the ring next summer.

Wojnarowski added that disgruntled San Antonio Spurs star Kawhi Leonard is still set on also donning the iconic purple and gold colors.

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