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How much money will LeBron James make with the Lakers?

James follows basketball legends such as Kobe Bryant and Shaquille O'Neal in wearing the famous Lakers uniform.

Unlike past free-agent decisions, James wasted no time in announcing his next move.

USA media reports said the Lakers move was sealed following a meeting late Saturday between James and the team's president of basketball operations, Magic Johnson.

The two first met in December, as James and the Cleveland Cavaliers grabbed a 121-112 victory over the young Lakers, as James sought Ball for an embrace.

Jenkins broke the news of James returning to Cleveland in 2014 and this time, he has reported insider information on the four-time MVP's reasons for moving to the Lakers.

"Thank you Northeast Ohio for an incredible 4 seasons".

The Lakers are reportedly bringing back Kentavious Caldwell-Pope back on a one-year deal for $12 million. "This will always be home".

James informed the Cavaliers on Friday that he would not exercise his $35.6 million contract option.

The likes of Kawhi Leonard, Kyrie Irving and Jimmy Butler are all expected to hit the open market and the California-based outfit wants to be big players next year too.

However, LeBron could soon be joined in L.A.by Spurs forward Kawhi Leonard, who has publicly expressed his desire to be traded to the Lakers after his relationship with San Antonio soured beyond fix.

Many have already wondered what the NBA Finals might look like without James taking on the Warriors every year. For the most part they seemed grateful to James for leading the team to their 2016 Championship win.

Not to mention, when seeing how successful the Sixers were this past season by winning 52 games along with advancing to the semifinals of the playoffs, this team will still be competitive without James in the picture.

According to ESPN's Stephen A. Smith, James' four-year contract is a sign that he is committed to building a contender in the Lakers. The Cavs became the first team to rally back from a 3-1 deficit in the Finals, and they did so against a team that won a league-record 73 games in the regular season.