So what does this mean to the Celtics and the rest of the league?
What will the Knicks and Nets and other teams do now? When does the Cleveland firesale begin?
Update: Didn't take long for the Knicks to react. Knicks send Lee to Warriors for Anthony Randolph, Ronnie Turiaf, and Kelenna Azubuike
Instant reaction from Ball Don't Lie's Kelly Dwyer
Miami has a huge task ahead of it. No team has ever been gutted to its absolute core like this, even if the demolition results in three All-Stars joining the squad. It will have to be precise and exacting in determining what sorts of players can complement a type of foundation like this. A foundation we haven't seen since Wilt Chamberlain joined the Los Angeles Lakers over 40 years ago. Wilt joined Jerry West and Elgin Baylor then, though that foundation failed to win a ring (with Baylor around, at least), as each of those superstars were well into their 30s.
James is 25, Wade a few years older, Bosh 26. This is a foundation for the ages. But in a team game, it can still be screwed up. Screwed up by bad coaching, by superstars who don't get along on-court, and by a poor supporting cast. This isn't to say that we're expecting any of those things to crop up in Miami, but despite the hoopla, and the promise, there is still a lot that can go wrong.
Miami is pretty thankful, though, that James is going to give them the chance to get it right.