Eric Gay/The Associated Press

LeBron James throws down an explosive dunk in the final minute of an MVP performance at the All-Star game. The play came after the Western Conference battled back to tie. The East squad won 134-128 and James almost had a triple double, with 27 points, nine assists and eight rebounds.

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NEW ORLEANS — The huge lead was gone, and another MVP award also was slipping away.

Then, with one powerful play, LeBron James snatched both back.

James threw down a mighty dunk for the go-ahead basket with 55 seconds left, punctuating an MVP performance and helping the Eastern Conference beat the West 134-128 on Sunday night in the All-Star game.

"He's just a powerful player with great speed and great feel," East coach Doc Rivers said. "And that's tough to teach. You don't."

James finished with 27 points, nine assists and eight rebounds, nearly joining Michael Jordan (1997) as the only players to have a triple-double in the All-Star game. James captured his second MVP award in the last three years, having also been honored in 2006 after he sparked the East's big rally in a 122-120 victory in Houston.

"He's amazing," the West's Dirk Nowitzki said. "He's making shots and he almost had a triple-double. Amazing play down the stretch with the dunk. It was a fun game down the stretch and he really took the team on his back."

James does that all the time in Cleveland, carrying a team with mediocre talent to the NBA Finals last year. On Sunday, the NBA's scoring leader showed he can do it even against the league's best players.

"We were down and the game was tied. And I was able to put the finishing touch on it with the dunk and kept the momentum going for us," James said.

Unlike the game two years ago, the East blew the big cushion this time. The West rallied from 16 points down to grab a fourth-quarter lead. But with the game tied at 125, James came up with a steal, then dribbled the length of the court before soaring for a dunk over a couple of West players that put the East back on top for good.

"LeBron is a freight train when he goes to that basket," West coach Byron Scott said. "He's so big and strong, and so quick and powerful. It's hard to stop him when he gets the momentum going like that."

The Cavs' star became the 11th multiple All-Star MVP and hiked his scoring average in the game to 24.7 points, tops among players who played three or more games. And he made it a clean sweep of the MVP awards for Cleveland this weekend, with Daniel Gibson taking home the honors from Friday's rookie challenge.

"I played well and I helped our team win the ballgame," James said. "It really means a lot to go out there and perform the way I was able to do in front of the fans of New Orleans, in front of my family and for the Eastern Conference, because we really wanted this win."