LeBron James agrees to four-year, $154 million deal with Lakers

Cleveland Cavaliers' Le Bron James watches during the first half of Game 4 of basketball's NBA Finals against the Golden State Warriors in Cleveland. Two people familiar with the decision say James has tol

CLEVELAND - Cleveland Cavaliers general manager Koby Altman spoke to both LeBron James and his agent, Rich Paul of Klutch Sports, over the phone when National Basketball Association free agency officially opened at 12:01 a.m. ET Sunday, sources told ESPN.

"UNFINISHED BUSINESS", Paul wrote on Twitter at the exact moment that the calendar flipped to July 1 in the East, meaning the NBA's free agency frenzy was officially open for the summer.

Los Angeles is among the teams in the mix to land James after his agent told the Cleveland Cavaliers that he will not exercise his $US35.6 million contract option for next season. Regardless, for the time being at least, the young Lakers are excited to have James on board.

The Lakers missed out on Paul George when free agency started. But with Kyrie Irving and Gordon Hayward returning, and James headed West, the Celtics will likely be the favorites to represent the Eastern Conference in the NBA Finals next season. The Cavs, Lakers and Sixers could all have a sense of optimism when it comes to James' decision.

George's choice could sway James to sign a short-term deal with Cleveland, but the Lakers are determined to get their hands on the four-time MVP. It puts a little more pressure on L.A.to make the moves LeBron wants.

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The LeBron James era in Cleveland is over after he agreed on Sunday night to a 4-year deal with the Lakers.

James leaves the franchise as its leader in almost every major statistical category: games played, points, rebounds, assists and steals.

It appears that those hoping LeBron James would be joining the 76ers squad are in for some disappointing news.

The Cavs, who are well over the NBA's projected $101 million salary cap for next season, are not expected to make an early deal outside of whatever happens with James' decision.

Retired Lakers icon Kobe Bryant also reached out to show his support and excitement, tweeting, "Welcome to the family @KingJames #lakers4life #striveforgreatness @JeanieBuss @MagicJohnson and RP well done!"

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