LeBron James officially signs his Sixers contract

LeBron James has officially signed a two-year, $8 million contract with the Philadelphia 76ers, as confirmed by the NBA's transactions log on Sunday. The deal includes a player option in the second season and a 15 percent trade kicker, according to ESPN's Shams Charania. James, a four-time NBA MVP and four-time champion, left the Los Angeles Lakers this summer to join Philadelphia's title push, with a formal team announcement expected Monday morning.