10 things you need to know today: July 12, 2014

LeBron
(Image credit: (AP Photo/Lynne Sladky))

1. LeBron James announces return to Cleveland Cavaliers

LeBron James announced his return to the Cleveland Cavaliers in an exclusive essay for Sports Illustrated on Friday. "I always believed that I'd return to Cleveland and finish my career there. I just didn't know when," James wrote. "I looked at other teams, but I wasn't going to leave Miami for anywhere except Cleveland…I'm coming home." James' free agency fueled weeks of rumors, but a return to Cleveland began to seem more likely when Cavaliers owner Dan Gilbert flew down to Florida last weekend, and the team subsequently made a cap-clearing trade on Wednesday. "In Northeast Ohio, nothing is given," James added. "I'm ready to accept the challenge."

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Sarah Eberspacher

Sarah Eberspacher is an associate editor at TheWeek.com. She has previously worked as a sports reporter at The Livingston County Daily Press & Argus and The Arizona Republic. She graduated from Northwestern University's Medill School of Journalism.