LOS ANGELES - LeBron James is set to make a major announcement on Tuesday.

What we know:

The NBA preseason is fully underway with Opening Night just weeks away. This year marks the league's 80th season.

On Monday, James posted a video on his social media channels showing him taking a seat as he teased "The Second Decision" with a caption that read: "The decision of all decisions. October 7th 12pm EST."

The NBA's all-time leading scorer is entering his 23rd season and hasn't officially stated when he plans to retire. However, on NBA Media Day, he stated, "I'm not waiting on Bryce."

Bryce James is LeBron's youngest son, who is currently a student-athlete at the University of Arizona.

His oldest son, Bronny, is in his sophomore season in the league.

Still, it remains unclear what the

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