LeBron James signs 4-year, $154 million contract with the Lakers

LeBron James.
(Image credit: Streeter Lecka/Getty Images)

LeBron James is headed to the Los Angeles Lakers, with his management firm confirming on Sunday night that the basketball superstar signed a four-year, $154 million contract with the team.

James, a four-time NBA MVP, three-time NBA finals MVP, 14-time NBA All Star, and two-time Olympic gold medalist, is leaving behind his hometown team, the Cleveland Cavaliers. On Instagram, the 33-year-old thanked "Northeast Ohio for an incredible 4 seasons. This will always be home."

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.