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The 8 lb., 6 oz. baby was born at 12:51 a.m. in Cuyahoga Falls, Ohio. The couple also have 2-year-old, LeBron Jr.
"LeBron and Savannah are overjoyed with the birth of their son," a rep for the couple says, "and are looking forward to bringing him home to his big brother, LeBron Jr."
James, 22, a forward for the Cleveland Cavaliers, is in the thick of the NBA Finals, with his team trailing the San Antonio Spurs three-games-to-none in the best-of-seven series.
JOSH & FERGIE: ROCKED BY SCANDAL
Did he cheat with a stripper?
Married less than a year, the couple denies an Atlanta woman’s claims that she and Josh had a fling
Note that this week’s cover of PEOPLE may differ regionally
