James and Stephenson have a long history on the court, but it appears James actually called Stephenson to join the Lakers.
Love averaged 17.6 points and 9.3 rebounds per game for Cleveland last season.
Bagley will undergo an MRI on Monday and is expected to miss the team's next two summer league games.
Ignoring the added pressure that comes with having LeBron James in your team will be the Lakers' biggest challenge, according to Tyronn Lue.
Devin Booker has been one of the more underrated players in the NBA over the past two seasons, and has committed his future to Phoenix Suns.
Devin Booker has been one of the more underrated players in the NBA over the past two seasons.
The Bulls were also involved in the trade, according to a report from ESPN.
Carmelo Anthony and the Thunder reportedly agreed to part ways earlier this week.
Monk averaged 6.7 points per game and shot 34.2 percent from 3-point range during his rookie season.
After winning a second successive NBA title as a Warrior, Kevin Durant has agreed to remain in Golden State.