The Beckham's are Coming! The Beckham's are Coming!

Goodbye, Madrid – hello, Los Angeles!

Sources close to Victoria and David Beckham have confirmed that the couple will move to L.A. later this year. "David has just signed the biggest deal in global sport history with the Galaxy soccer team," a Beckham business insider tells PEOPLE. "It is worth several hundred million dollars over five years. They will move after he finishes this season playing in Madrid."

Beckham has signed with the Los Angeles Galaxy team, which is owned by the Anschutz Entertainment Group. "They are very excited at the challenge. For David this means taking the game on to a new level. This is massive," says the source.

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