David Beckham will return to the L.A. Galaxy

The deal is done, reports the LAT, and it will be announced on Thursday. No numbers yet, but the new contract is expected to allow Beckham to play for the English team in the London Olympics. Beckham turns 38 in May.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Sports stories:
Lakers 'faith' may lead to folly
Doug Krikorian back on the beat in Long Beach
Jonathan Martin's Harvard-Westlake (and LA)
The beard stands on principle
The case for Ed Orgeron

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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