Heat forward LeBron James is the NBA's MVP for a third time, putting him alongside some of the game's all-time greats.

A person familiar with the decision told The Associated Press that James will be announced Saturday as this year's winner of the league's top individual honor, and that he'll be formally presented with the trophy by Commissioner David Stern on Sunday afternoon before Miami hosts Indiana in Game 1 of an Eastern Conference semifinal series.

The person spoke on condition of anonymity because the league has not announced the results. Late Friday night, the Heat released plans for a 1 p.m. Saturday event on the court at AmericanAirlines Arena so the team and the NBA could ''make a major announcement.''

James is winning the award for the third time in four seasons. Only seven other players - Kareem Abdul-Jabbar, Michael Jordan, Bill Russell, Wilt Chamberlain, Larry Bird, Magic Johnson and Moses Malone - have at least three MVP trophies.

James said last week that while another MVP award ''would be amazing and would be humbling,'' it's not what drives him. In his ninth season, James still has not won an NBA title and it's clear that, although he wanted to reclaim the MVP trophy, winning a championship is far and away his top basketball priority.

''What I'm all about is team and ever since I was a kid, I was always taught it's team first,'' James told the AP on Friday. ''My first time playing basketball, we went undefeated and won a championship and Frank Walker Sr. gave everyone on the team a MVP trophy. Right then and there, I knew that this is what I wanted to do. I wanted to see my teammates reap the benefits as well.''

Abdul-Jabbar won the MVP six times, Jordan and Russell five times each, Chamberlain four times. After this weekend, they'll be the only players with more than James.

''I think he's probably as committed as he's ever been in his career,'' Heat coach Erik Spoelstra said this week, asked to summarize James' season. ''And he's always been committed. ... We all respond to his energy on the court.''

James averaged 27.1 points, 7.9 rebounds and 6.2 assists - making him only the fourth player with those totals in at least two different seasons, according to STATS LLC, joining Oscar Robertson (five times), John Havlicek (twice) and Bird (twice).