Various media sources are reporting that Miami Heat forward LeBron James will indeed win the MVP and that it will be officially announced Saturday May 11, 2012.

LeBron started all 62 games in which he appeared for the Heat and averaged 27.1 points (.531 FG%, .771 FT%), 7.9 rebounds, 6.2 assists, 1.85 steals and 37.5 minutes. LeBron was named Eastern Conference Player of the Week six times during the season and was the Eastern Conference Player of the Month twice. He started for the Eastern Conference at the All-Star Game in Orlando and scored 36 points, his all-time high in an All-Star game.

LeBron led the NBA in field goals made per game and ranked among the leaders in points (2nd), field goals made (2nd), scoring average (3rd), steals (3rd), field goals attempted (4th), minutes per game (6th), field goal percentage (12th), assists per game (13th), double-doubles (tied, 15th), defensive rebounds (17th), rebounds per game (25th), and total rebounds (26th).

In addition, he led the Heat in minutes played, points, scoring average, field goals made and attempted, field goal percentage, free throws made and attempted, defensive and total rebounds, assists, steals, dunks, double-figure scoring efforts, 20-point games, 30-point games, 40-point games and double-doubles.

LeBron is the first Heat player ever to win MVP, the fourth NBA player to win it with two different teams and it will be his third MVP honor in nine seasons. He becomes only the eighth player ever to win the MVP at least three times.

UPDATE: The Miami Heat and the NBA have sent out a press release detailing a "major announcement" to be made at the AmericanAirlines Arena at 1:00 PM. We will be there live for the event so stay tuned at that time tomorrow for full coverage. Make sure to follow @SuryaHeatNBA on Twitter for the latest news as it develops.