Lebron James just arrived in Italy after sealing the deal on his new $154 MILLION contract to join the Los Angeles Lakers

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LeBron and his family were spotted Monday morning boarding a yacht in Positano --

That happens to be the super fancy city on the Amalfi Coast where Magic Johnson usually spends part of his expensive summer family vacation.

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In fact, Magic's wife, Cookie Johnson, spoke to TMZ  the family plans to rent outthe same $700,000 per week yacht they vacationed last summer with Sam Jackson and will sail to the same spots.