The tweet made official what had been expected for days: James will ship West to Los Angeles after spending the past four seasons with the Cleveland Cavaliers.
By declining his option, James positioned himself to be able to choose where he'll play next, and Cleveland remains a strong possibility, even though he declined his option for next season.
Toronto has no significant money to spend - a mid-level exception of just over $8 million isn't going to attract any coveted free agent to tangibly improve the team - and isn't in danger of losing a free agent on the market.
It was a big, and necessary, move for the Lakers.
That streak likely won't continue.
Following the Cavs' Game 4 loss in the Finals, James articulated what factors he will weigh with regard to his future. James is not expected to attend the meeting, even though he was said to have arrived at nearby Van Nuys airport on Saturday evening. When he returned to Cleveland, Kyrie Irving was already there and Kevin Love was on his way via a trade.
Dallas also intends to decline the $5 million club option on Dirk Nowitzki's contract and re-sign him once its salary structure is more settled, the person told the AP on condition of anonymity because the sides are not publicly commenting on moves ahead of free agency opening Sunday. The Lakers remain at the front of that line.
However, the 33 year-old superstar may make a decision which is not directly related to chasing championships.More news: Argentina, Portugal eliminated from FIFA World Cup
The three-time National Basketball Association champion and best player in the world has not been a free agent in four years.
Kobe Bryant, who played his entire 20-year career with the Lakers, winning five titles, welcomed James to the "family".
Teams such as San Antonio and Houston have a plethora of veteran talent, and are ready made for James to step in and contribute.
Yet whatever pitfalls that might come with how James goes about his decision, the Cavs, according to the source, are still very much hoping to re-sign him.
The 76ers met with James' representatives Sunday, obviously to no avail.
James is considered a rival of retired Chicago Bulls star Michael Jordan for the title of greatest player in National Basketball Association history.
Los Angeles is believed to be the first stop for James on his free agency tour. The free agent is really interested in playing for the Sixers, according to the source.
The Cavs, on the other hand, have been mostly operating in the dark. That will be a tough pill to swallow for several prominent players still searching for new homes. Instead, they will be content to return to relevancy for the first time in a half-decade.
But there will always be a portion of Cleveland fans disappointed that James left again and that he wouldn't give the Cavs a longer commitment.