James informed the Cavaliers on Friday that he would not exercise his $35.6 million contract option.
After much speculation and discussion, LeBron James has signed with the Los Angeles Lakers on Monday, July 2 (Manila time).
The 2,600-pound banner posted on the Sherwin-Williams Global Headquarters Wall was originally installed in 2014 when James returned to Cleveland from the Miami Heat.
James won a National Basketball Association title with Cleveland in 2016, but had generated buzz he would leave OH after losing consecutive finals' series to the Golden State Warriors in the last two seasons.
In the meantime, after conducting a youth movement over the past few years, Los Angeles is following up the addition of the 33-year-old James by getting older in other parts of the roster.
The blockbuster move means the 4-time NBA Most Valuable Player, who has played in the past 8 NBA Finals, will now join one of the league's most iconic clubs, adding to the legacy of such legends as Kobe Bryant and Magic Johnson.
Next year's expected free agent market would include San Antonio's Kawhi Leonard, former James teammate Kyrie Irving and Golden State guard Klay Thompson.
This time, response has been less heated than the jersey-burning anger that erupted from his home region.
The explosion of Lakers ticket interest should come as no surprise to anyone who followed James' two stints in Cleveland.
LeBron is considered by many to be the greatest National Basketball Association player of all time, and his team was still swept in the first four games of the finals by the Golden State Warriors.
It stood across from the Cavaliers home arena and became something of a tourist attraction for sports fans visiting the city.
"On Sunday afternoon, James and his wife went back to Van Nuys Airport".
Winners of 65 games in 2017-2018, the Lakers' and Warriors' personnel moves are bad news for the Rockets, who have dipped to +800 after opening the summer sitting second to Golden State with +525 odds.