Viva Los Angeles!!...

I must say that I am so excited about this news! I couldn't even wait for The Fonz to do the report on it. How does everyone out there feel about this monumental acquisition? Maybe you all don't see it, but the only thing that LA didn't have last year and the year before was a physical/aggressive player that won't back down from anyone. I say that someone in the front office knew that KG would be back and thirsty for another ring... Now is when LeBron needs to leave Cleveland lol Which brings me to another point, why didn't Cleveland try to get Ben Gordon?!?! WTF MAN! Or at least pay for Amare... I'm just sayin tho...

ESPN.com's take...

In a text message to ESPN.com on Thursday night, Artest wrote: "I am happy to say I am goin' to L.A."

ESPN The Magazine's Chris Broussard reports that Artest and the Lakers have reached a verbal agreement on what is believed to be a three-year contract worth an estimated $18 million. Wednesday is the first day free agents are permitted to sign new deals.

Artest's decision was first reported by CBSSports.com. The mercurial swingman was initially courted by the Cleveland Cavaliers.

In his text message, Artest said that he met Thursday with Lakers owner Jerry Buss and had spoken to coach Phil Jackson about the move to Los Angeles, where Artest has been spending his offseasons.

Artest's forthcoming arrival strongly suggests that unrestricted free agent Trevor Ariza -- who played such a pivotal run in the Lakers' championship run -- is bound to leave the team. Broussard reported Wednesday that, according to sources with knowledge of the negotiations, Ariza was likely to leave the Lakers for a new team because L.A. was reluctant to sign him to a contract starting above the league's $5.6 million mid-level exception, even after Ariza's postseason success.

Ariza has been courted by numerous teams, including Cleveland, and met Thursday in Las Vegas with Houston Rockets general manager Daryl Morey to possibly swap spots with Artest.

Marc Stein is a senior NBA writer for ESPN.com.