What happened: The Cleveland Cavaliers, Miami Heat and Philadelphia 76ers appear to be the top three teams in consideration for LeBron James, per Shams Charania.

Why it matters: A commitment to any of the three organizations would dramatically alter the Eastern Conference hierarchy. The Miami Heat remain firmly in contention despite recent roster additions, while Philadelphia offers significant cap flexibility and Cleveland presents an opportunity for a third stint with his original franchise.

What to watch: Watch for developments on a final decision as the organizations continue shaping their offseason rosters.