LeBron James officially is becoming a member of the Los Angeles Lakers.

The superstar opted out of his contract with the Cleveland Cavaliers on Friday and flew to Los Angeles on Saturday, where he owns a home.

It long has been speculated that James would sign with the Lakers, but a wrench appeared to be thrown into that equation when Paul George — who was rumored to team up with James in LA — instead elected to re-sign with the Oklahoma City Thunder.

James took a meeting, one that was reported to be somewhat impromptu, with the Philadelphia 76ers on Sunday. But that didn’t appear to have much impact on James, as by nightfall he was a member of the Lakers.

He’ll now join a team that is full of young talent that could either grow around him, or be used in a trade to land another star.

The Lakers finished 35-47 last season, good for 11th in the Western Conference, but with the addition of James, they immediately become frontrunners to challenge the Golden State Warriors.

Check out the video above for a value breakdown of James’ new contract in the Xfinity X1 Report by NESN.com’s Courtney Cox.

Thumbnail photo via Gary A. Vasquez/USA TODAY Sports Images