LeBron officially signs contract with Lakers

How Le Bron Came to the Lakers

On Monday, LeBron James officially signed his four-year, $153.3 million Lakers contract, waving goodbye to the Cleveland Cavaliers for the second time in his career.

The accompanying photo shows a smiling James with a contract and pen in front of him, while Lakers GM Rob Pelinka has his arm around James's shoulders.

The four-time MVP victor has played in the past eight NBA Finals with the Heat and the Cavs, winning three titles during that period.

Lakers president of basketball operations Magic Johnson said: "LeBron is special". He loves to compete and is an awesome leader who is about winning and making sure that his team-mates are successful.

James, 33, has averaged 27.2 points, 7.4 rebounds and 7.2 assists per game in 1,143 career contests.

LeBron James #23 of the Cleveland Cavaliers celebrates with the Larry O'Brien Championship Trophy after defeating the Golden State Warriors 93-89 in Game 7 of the 2016 NBA Finals at ORACLE Arena on June 19, 2016 in Oakland, California.

He also has been named NBA Finals MVP three times.

As we've seen multiple times now, changing teams doesn't have a huge impact on LeBron James' individual fantasy value. but how does it change the value of the team that he left behind? Pelinka said it was an honor that James wanted to join the team.

"Let's welcome #LAbron to LA the only way we know how!" a post on Blaze Pizza's Facebook page announcing the promotion stated.

James played in all 82 games last season, tallying a team-high 27.5 points (third in the NBA), acareer-high-tying 8.6 rebounds and a career-high 9.1 assists (second in the NBA) while shooting54.2 percent from the field.

James' arrival is indeed validation for Johnson and Pelinka, who took over the Lakers' front office in February 2017 with a specific plan to rebuild the franchise by persuading established superstars to join as free agents.

James will continue donning the number 23 for the Lakers.

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