The deal: He signed a seven-year contract worth $121 million.
His agency revealed he was heading for Los Angeles.
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"To be able to be a part of a championship team two years ago with the team that we had and in the fashion that we had is something I will always remember", James said after the Cavs' last loss of the finals. Stephenson, however, did still show last season in IN that he is capable of providing a spark on the bench and will likely be a limited contributor in that capacity this coming season.
Only on this occasion James leaves two years after delivering the city's first championship in more than 52 years, and with Cavs fans wishing him well and thanking him for an incredible run.
It is Johnson, once the Lakers' star point guard and now the club's president of basketball operations, who has helped orchestrate the deal prying James from the Cleveland Cavaliers.
How Paul George's deal impacts the Thunder, Lakers, and LeBron
Paul George is returning to the Oklahoma City Thunder , getting a ridiculous four-year, $137 million contract to stay put. The success of the Thunder's starting five last season has been a point in favor of Anthony's value to the team.
The four-time National Basketball Association most value player informed the Cleveland Cavaliers on Friday that he was not exercising his $35.6m (£26.8m) option and was becoming a free agent.
Los Angeles is among the teams in the mix to land James after his agent told the Cleveland Cavaliers on Friday that he will not exercise his $35.6 million contract option for next season.
Gilbert criticized James' decision to leave the Cavaliers the first time in a scathing letter to fans. Earlier this season, James was flattered when a Pennsylvania company paid for three billboards in OH urging James to come to Philadelphia, where the club has been abiding by a "Trust The Process" mantra while rebuilding. Notably, both JaVale McGee and Lance Stephenson also signed with the Lakers, joining James. Now he has to go through the Warriors and the Rockets in the Western Conference playoffs before the NBA Finals.
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There's a risk in waiting for Leonard, as the Lakers just saw this summer. The Lakers can afford to be patient in building the team, even if James wasn't on board. The Lakers also inked Kentavious Caldwell-Pope to a one-year deal Sunday.