LeBron James will sign with the Miami Heat. He made the announcement during an ESPN one-hour special Thursday. It's now official.
James will join fellow superstars Chris Bosh and Dwyane Wade to form a superstar trio the league hasn't seen in quite some time. The Heat still have much work to do to fill out the roster, and unless they move Michael Beasley, they can only use the veterans' minimum exception to do it, but regardless of who else is on the roster, any team with those three superstars is a legitimate championship contender. There also exists the possibility that all three will sign for significantly less than the maximum contract in order to allow the Heat to fill the roster more easily.
We'll have much more on this story later. For more, check out SB Nation's Heat blog Peninsula is Mightier.