Bron: James agrees to 4-year contract with Lakers

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"The acquisition of LeBron James means that the Lakers are just a smidgen away from being real contenders", Lakers icon Kareem Abdul-Jabbar added.

After almost a year's worth of speculation, the 4-time MVP is once again leaving Cleveland, this time to sign a free agent contract with the Los Angeles Lakers.

The Cavaliers also tried to keep James, reportedly being on the phone with him seconds after midnight Sunday as the free agency period opened.

The Los Angeles Lakers made the biggest splash possible on Sunday night, as the team's pursuit of LeBron James paid off in the form of the best player in the world joining the team on a four-year deal.

James opted out of a USA $35.6 million player option for the 2018-19 season with the Cleveland Cavaliers, and was reported to have had contact with the team as free agency opened last night.

His management agency, Klutch Sports Group, announced his agreement with the Lakers with a simple, short release. That said, an announcement on Tuesday, which is July 3, goes along with ESPN's Brian Windhorst recently saying that James' decision would come before the July 4 holiday.

James brought Cleveland its first pro sports championship since 1964 when he led the Cavaliers past the Golden State Warriors in the 2016 NBA Finals.

In 2014 however, he finally returned to his roots and rejoined the Cavaliers where he has been for the past four years.

While the loss of James undoubtedly marks the end of an era in Cavs history, the team has already begun preparing for the future.

Los Angeles is, however, certainly in a weaker position than it was prior to moratorium, having now missed on Oklahoma city star Paul George.

In 2012 as well as the following year, the National Basketball Association player won the Heat Championship. "I think I've shown this year why I will still continue to be in championship mode".