NBASky.com

The Miami Heat won the LeBron James sweepstakes, adding the National Basketball Association’s reigning two-time Most Valuable Player to an all-star squad that also will include Dwyane Wade and Chris Bosh.

James said in a nationally televised show on ESPN tonight that he’ll sign a free-agent contract with Miami, completing the transformation of the NBA’s Eastern Conference.

Wade, Bosh and James played on the U.S. team that won the gold medal at the 2008 Olympics. Miami hasn’t won a playoff series since capturing the NBA championship in 2006.

“The greatest challenge for me is to move on,” James said. “I would have loved to have stayed, but I feel like it’s time to change.”

More: http://www.bloomberg.com/news/2010-07-09/lebron-james-will-sign-for-miami-heat-transforming-nba-eastern-conference.html