LeBron James was the happiest guy in the world when he found out the Cleveland Cavaliers traded for Shaquille O’Neal on Thursday.

“Shaq is an incredible ballplayer and a four-time NBA champion,” James said in a statement. “I have a lot of respect for him and his game. It will be a real honor to play with Shaq as my teammates and I look forward to another great season with the Cavs.”

In order to get Shaq the Cavs sent Ben Wallace and Sasha Pavlovic plus a 2nd pick in the 2010 draft and $500,000 to the Phoenix Suns.

“Our goals are aligned with what our players want, including LeBron, and that’s to win a championship and win it next year,” Cleveland GM Danny Ferry said. “We don’t want to be patient. We want to be a team that has sustainable success. We want to be a team like we were this year when if you don’t win a championship you lose some sleep. But at the same time we want to be more than that. We want to be the team that wins it. This was a move made towards putting ourselves in better position next season.”

Although Shaq is 37-years old he is still on of the most dominant players in the NBA when healthy and in shape. With Shaq in the lineup the Cleveland Cavaliers have to be the favorite to win it all next season.