But there are at least three other teams - and maybe an outsider or two - with legitimate shots at landing the three-time MVP, who made it clear following this year's NBA Finals that he's still driven to win championships.
James brought Cleveland its first pro sports championship since 1964 when he led the Cavaliers past the Golden State Warriors in the 2016 NBA Finals.
The 33-year-old had previously said he wanted to finish his career in OH, and although he's leaving again, Cavs fans are more forgiving after he ended the city's 52-year sport title drought in 2016. Here's what's being said. The Magic selected Gordon fourth overall in the 2014 NBA Draft, and it's a smart move to retain their own budding star in the face of the current NBA landscape. Paul informed the Cavs on Friday morning that the four-time MVP would not opt in to the final year of his contract; he was scheduled to make $35.6 million in 2018-19.
Joining James in Los Angeles certainly makes sense from a career perspective.
Many expected LeBron James would leave the Cavaliers.
Even the Los Angeles Rams extended their welcome to James.
James will face plenty of pressure to bring the Lakers their 17th National Basketball Association title.More news: Late miss will 'haunt' Germany's Mats Hummels after shock exit
Moving to L.A. will also help James expand his business interests and allow his children to attend high-profile schools.
The Cavs can offer James significantly more money - $207 million over five years, compared to $153 million over four years - than the Lakers and 76ers.
This is likely James's way of showing Cleveland how much he has learned since 2010, when he left for Miami and announced it with the infamous and tacky "The Decision" special on ESPN.
Meanwhile, James continues talking with various teams, including his Cavaliers home. He thanked Cavaliers fans in an Instagram post, saying the city will always be his home.
His departure would create some more question marks for the Lakers, especially who will be in the frontcourt alongside Kyle Kuzma.
Johnson, the legend turned president of basketball operations, was howling about the Lakers being back from the minute he took over the franchise in February 2017.