It's still unclear where LeBron James will sign; he could either opt out of the final year of his contract with Cleveland Cavaliers or sign to a different team.
To make the announcement even more exciting, it's now been revealed that LeBron James may debut a trailer for Space Jam 2 after his free agency decision.
The 1990's classic movie starred NBA icon Michael Jordan as a fictionalised version of himself including Bugs Bunny, Daffy Duck, and the rest of the Looney Tunes.
Rumours also suggested that LeBron will drop the trailer for Space Jam 2 on the newly-launched Instagram TV app.
This is not only exciting news for basketball fans, but it's also dope for all those '90s kids who'll be stoked to see a Space Jam sequel.
