According to reports from Newsday and ESPN, LeBron James has decided to sign with the Miami Heat, joining Dwyane Wade and Chris Bosh there. James will announce his decision Thursday night at 9 p.m. in an ESPN special.

Shortly after midnight, Newsday‘s Alan Hahn tweeted that “multiple sources” indicated James had decided to pass on the Knicks and go to Miami.

The ESPN report by Chris Broussard followed about an hour later. It notes that James’ friend Chris Paul has urged the superstar to stay in Cleveland and play for new coach Byron Scott, who previously coached Paul in New Orleans, and that James could reconsider his choice. Other family and friends apparently also have reservations about how James would be perceived joining a power-packed team and if that would take away from his brand.

A report at Yahoo! Sports indicates that James’ representatives began calling free agents Wednesday to assess their interest in joining the new “Big Three” in Miami. The Heat have only two players under contract: forward Michael Beasley and point guard Mario Chalmers.

However, the Yahoo! report noted that James reserves the right to change his mind and sign with his hometown Cavaliers, who can pay him a six-year, $125 million contract, more than $30 million more than what he could get from the Heat.

“LeBron always waits until the last minute to make a decision,” Yahoo! quotes Chris Dennis, who used to run James’ foundation. “He always does.”