His sports agency, Klutch Sports, made the announcement on Sunday evening.
"What Woj is reporting is (obviously, as always) 100% correct", Wright wrote later on Twitter.
And while such big names as Chris Paul of Houston and Paul George of Oklahoma City have agreed to terms to stay with their teams, nothing can be signed until Friday - leaving lots of time for players to consider what sort of situation the Lakers with James could offer. "This isn't in conflict with what I just reported".
After taking the majority of the free agency period to make his decision in 2010 an 2014, James' decision was much quicker this time, perhaps made easier by the demise of the Cavaliers in the past National Basketball Association season. "His reason for being there is unknown; the Lakers are considered a strong candidate to sign James, but he also has an offseason home in L.A".
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James, a two-time Olympic champion, left Cleveland before in 2010 for the Miami Heat, where he reached the NBA Finals four times, going 2-2, before departing for the Cavaliers, vowing to bring a title to Cleveland, his home region having grown up in nearby Akron.
The other title, for the 2016 season, went to the James' led Cavaliers.
The Philadelphia 76ers, whose young star Ben Simmons has the same agent as James, were also in the hunt, hoping to build a potential triple threat alongside the reigning Rookie of the Year and All-Star center Joel Embiid.
With James' departure to Los Angeles, he'll be joined by Lonzo Ball and, possibly, Kawhi Leonard (via trade).
"Why would the Sixers, who didn't have a meeting scheduled with Lebron's camp, mysteriously make one after reports surfaced that Lebron made his decision and will announce it on Tuesday?" the site said in a Sunday post.