2010 NBA Free Agency: LeBron James Likely To Sign With The Miami Heat

Mihir BhagatSenior Analyst IIIJuly 8, 2010

BOSTON - MAY 07:  LeBron James #23 takes a breather against the Boston Celtics in Game Three of the Eastern Conference Semifinals of the 2010 NBA Playoffs at TD Banknorth Garden on May 7, 2010 in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jim Rogash/Getty Images)
Jim Rogash/Getty Images

According to multiple sources, LeBron James is leaning towards signing with the Miami Heat. If that's the case, the two-time reigning MVP will be joining Dwyane Wade and Chris Bosh, creating a powerhouse in South Beach.

Ever since the process started, the three have expressed interest in playing together. In fact, the three reportedly met on June 26th to discuss the enticing possibility.

While concerns still surround the situation, there's no doubt that the formidable trio, alone will elevate the Heat into the upper-echelon in the league alongside the Los Angeles Lakers, Boston Celtics, and Orlando Magic—making them instant championship contenders.

Of course, all hope is not lost for other teams originally in the sweepstakes. Even though teams such as the New York Knicks, New Jersey Nets, and Los Angeles Clippers have virtually no chance at acquiring him, the Cleveland Cavaliers and Chicago Bulls still remain alive. 

Many players, coaches, and fans around the league firmly believe that LeBron should stay in his hometown of Cleveland. Aside from the loyalty factor, the Cavaliers, indeed, have been legitimate title contenders over the past few seasons. Moreover, leaving Cleveland would also equate to leaving approximately $30 million lying on the table.

On the other hand, LeBron is worried about the strong possibility that he could end up being "31 years old, with bad knees and no title."  At the end of the day, as a professional basketball player, his goal is to win championships, and it appears as if he believes Miami provides him with the best opportunity to do so.

LeBron has arranged for a one-hour press conference during which he will announce his final decision. The show will air live on Thursday at 9 PM ET on ESPN. You certainly won't want to miss it.