LeBron James to join Los Angeles Lakers in £116m deal

LeBron James has agreed to join the Los Angeles Lakers in a deal worth £116m.

The three-time NBA champion is parting ways with the Cleveland Cavaliers to sign a four-year deal with the LA outfit.

"Thank you north-east Ohio for an incredible four seasons," James wrote on Instagram. "This will always be home."

The Lakers have won 16 NBA titles but are currently in a period of transition after posting a losing record for five seasons running.

James, 33, was signed by the Cavaliers in 2003.