LeBron James has decided to join Dwyane Wade and Chris Bosh in Miami, according to multiple sources that spoke with Newsday.

"Multiple sources are telling Newsday that LeBron James has decided to join Dwyane Wade and Chris Bosh in Miami," wrote Hahn on his original Tweet, posted shortly after midnight Eastern. "The new Big Three is here."

Just over one hour later, ESPN's Chris Broussard reported that James will indeed choose Miami, barring a last minute change of heart.

RealGM Note: The headline on Newsday's sport page reads 'Sources: LeBron leaning towards choosing Heat.'

The news of the 10-11 NBA salary cap being at $58.044M creates additional cap room for James, Wade and Bosh to get closer to a maximum contract.

James is scheduled to announce his final decision live on ESPN at 9:00 PM EST on Thursday.

James met with the Knicks, Nets, Heat, Clippers, Cavaliers and Bulls in that order last week.

The Heat only have Michael Beasley ($4.962M) and Mario Chalmers ($854k) under contract for the 10-11 season.

Wade and Bosh stated their intention to sign with the Heat on Wednesday morning.