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LeBron James to return to Cleveland Cavaliers

LeBron James will return to the Cleveland Cavaliers.

James, who is from Akron, Ohio, began his professional career with the Cavaliers as the first overall pick in the 2003 NBA draft.

A four-time Most Valuable Player, James left Cleveland for the Miami Heat in 2010.

Read MoreLeBron goes back to Cleveland, nearly breaks Twitter

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"When I left Cleveland, I was on a mission. I was seeking championships, and we won two. But Miami already knew that feeling. Our city hasn't had that feeling in a long, long, long time. My goal is still to win as many titles as possible, no question. But what's most important for me is bringing one trophy back to Northeast Ohio," James wrote Friday for Sports Illustrated.

James drew considerable ire for his 2010 decision to leave the Cavaliers, which he announced in a television special deemed "The Decision." Even Cavaliers owner Dan Gilbert criticized the star, writing an open letter that called the Miami signing a "cowardly betrayal."

On Friday, Gilbert tweeted his excitement that James was returning.

—By CNBC staff

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