updated 12/02/2012 AT 1:00 PM ET
•originally published 12/03/2012 AT 10:00 AM ET
All hail King James!
“He was the most dominant athlete this year – MVP of the NBA regular season, MVP of the NBA playoffs, led the Heat to the NBA championship and Team USA to the gold medal in London,” Paul Fichtenbaum, Editor of Time Inc.’s Sports Group tells PEOPLE.
At just 27, the eight-time NBA All-Star and former all-time leading scorer of the Cleveland Cavaliers joins athletes including his teammate Dwayne Wade, Brett Favre, Michael Phelps, Derek Jeter and Drew Brees.