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LeBron James is making a huge move!

The 33-year-old basketball player agreed to a four-year contract with the Los Angeles Lakers, Klutch Sports Group announced on Sunday (July 1).

PHOTOS: Check out the latest pics of LeBron James

The deal is worth $154 million.

LeBron James, four time NBA MVP, three time NBA finals MVP, fourteen time NBA All Star, and two time Olympic gold medalist has agreed to a four year, $154 million contract with the Los Angeles Lakers,” Klutch announced.

LeBron confirmed the news himself as well, posting to his Instagram story: “Thank you Northeast Ohio for an incredible 4 seasons. This will always be home.”

He will be entering his 16th season in the league. He’s spent 11 seasons with the Cleveland Cavaliers, going to Miami from 2010 to 2014, before returning to the Cavaliers.

For more on the deal, head to SI.com.

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