Cleveland Cavaliers owner Dan Gilbert has admitted that he is "excited" to have LeBron James back with the team.

The four-time MVP left the Cavaliers to join the Miami Heat in 2010, but confirmed that he would be moving back to the team earlier today.

Gilbert wrote on Twitter: "Welcome home @kingjames. I am excited for the fans and people of Cleveland and Ohio. No fans and people deserve a winner more than them."

Gilbert branded James a "coward" when he left the team.