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LeBron James Joining Lakers on 4-Year $154 Million Deal

The biggest name in basketball is headed to Hollywood.

Through a short news release issued by his agents at Klutch Sports, LeBron James announced at 8:05 p.m. Sunday night that he would join the Los Angeles Lakers in free agency and sign a four-year, $154 million contract.

In what has become an every-four-years ritual for the three-time N.B.A. champion, James has chosen to switch teams for the third time in his career, opting to leave his home-state Cleveland Cavaliers for a second time and join one of the league’s glamour franchises.

James took to Instagram to say goodbye to Cavaliers fans, posting a picture of Cleveland’s championship parade in 2016 with the caption: “Thank you Northeast Ohio for an incredible 4 seasons.