Apr 28, 2013; Milwaukee, WI, USA; Miami Heat forward LeBron James (6) holds his wrist during game four of the first round of the 2013 NBA playoffs against the Milwaukee Bucks at the BMO Harris Bradley Center. Miami won 88-77. Mandatory Credit: Jeff Hanisch-USA TODAY Sports

Breaking News: Lebron James Wins His Fourth MVP

ESPN.com has reported that Lebron James will be named the NBA’s Most Valuable Player for the fourth time in his career.  The award will be formally revealed to James on Sunday.

James has been voted MVP for the second straight season and for the fourth time in the past five years. He’ll join Michael JordanBill Russell, Kareem Abdul-Jabbar and Wilt Chamberlain with at least four MVP awards.

The Miami Heat team will host an awards presentation on Sunday, and James will be presented with the award by Commissioner David Stern at the start of the Heat’s opening game of their second-round matchup.

In what was arguably the best season of his 10 year career, James averaged 26.8 points, 8.0 rebounds, 7.3 assists, 1.7 steals and one block in 76 games. He shot career-best percentages from the field (.565) and 3-point range (.406) and ranked in the top 10 in scoring, assists, steals and field-goal percentage among those who have played in at least 70 games this season.

“He’s earned it,” Heat coach Erik Spoelstra said of James after Friday’s practice. “He’s having an even more historic season than he’s had the last two years. Most people probably didn’t think he could go to a higher level after last season, yet he reinvented himself to show that he could. Our pinch-ourselves moment was when we signed him. But since we’ve had him, we don’t take him for granted.”

At 28 years old, James will become the youngest player to with four MVPs.

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