2-time basketball MVP Steve Nash signs with Los Angeles Lakers

Lakers Nash Basketball

Reed Saxon/AP

Newly acquired Los Angeles Lakers guard Steve Nash poses at center court for team photographer Andrew Bernstein after a news conference at the NBA basketball team's headquarters in El Segundo, Calif., Wednesday, July 11, 2012. The Lakers acquired two-time MVP Nash from the Phoenix Suns in exchange for first-round draft picks in 2013 and 2015 as well as second-round draft picks in 2013 and 2014, Lakers general manager Mitch Kupchak said.

The Los Angeles Lakers have officially snagged star NBA point guard Steve Nash from the Phoenix Suns.

Nash was formally introduced Wednesday as the newest addition to the Lakers at the team's practice facility in El Segundo.

Nash said he's ready to grab a basketball and throw on his purple and gold No. 10 Laker jersey. At the same time, he said it wasn’t an easy decision to leave Phoenix for one of his former team’s biggest rivals.

“I wanted to remain loyal to my teammates there, my coaches, and do the best I could to leave that franchise in a better place," he said. "But when it became apparent that the Suns had different plans, and wanted to move in a new direction and kind of start over in a way, that’s when I had to get used to the idea of living somewhere else and playing for another franchise.”

As part of the trade, the Suns will get four future draft picks from the Lakers. .

Nash's three-year contract is reportedly worth $27 million. He said he chose to play for Los Angeles because he wants to stay close to his kids in Phoenix.

”The people that I really need not to disappoint are my children, and to tell them that I was going to go back East and see them three or four times a season, or to tell that that I’ll be in L.A. and see them three or four times a month, means everything to me.”

Some fans are optimistic that the two-time NBA most valuable player will help make the Lakers a better team.

Nash is 38 years-old. He hopes that after 19 years in the NBA he’ll be able to win his first championship as a Laker.

"I would be the life of the party if we won," he said. "That's what this is all about. That's the extra incentive every day when you go back to the gym every night and do everything you possibly can to be ready."

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