His arrival in Los Angeles "leads to this race to become the first MLS super club," the Galaxy GM said to BBC Sport.

ESPN reports Beckham will be paid more than $250 million. Why? Here's the reasoning from his new boss:

"David Beckham will have a greater impact on soccer in America than any athlete has ever had on a sport globally," said Timothy J. Leiweke, president & CEO of AEG, which owns the Galaxy. "David is truly the only individual that can build the bridge between soccer in America and the rest of the world."

David Davis noted the rumors Beckham was headed this way on the pages of SoCal Sports last month.

* FRIDAY UPDATE: Beckham observes Los Angeles... via satellite... or does he? I dropped in on today's press conference where Beckham introduced himself (from Spain) to the local media. We could see him, but it didn't seem like he could see us or the elaborate setup at the Ritz in Marina del Rey. My video report from the scene features Beckham on L.A., Cobi Jones on Beckham and Tom Cruise, and Pat O'Brien starring as the only guy who was allowed to talk to Beckham.

Watch the report below, or subscribe to my new LAO video podcast in iTunes.

Graphic: BBC Sport