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LeBron willing to pay $2 million to be wooed by New York

Jun 22, 2010, 11:26 AM EDT

Thumbnail image for jayz.jpgFree agency has a price. Freedom to choose has a price. Everything has a price. Welcome to capitalism.

LeBron James wants his freedom. He wants to be a free agent and be wooed by the city of Chicago and have Jay-Z perform “New York” to him in person. But Brian Windhorst notes in the Cleveland Plain Dealer the price for this adulation starts at $2 million.

If James goes ahead and becomes a free agent it will cost him more than $2 million in salary over the next three years alone — even if he re-signs with the Cavs. It could cost him up to $4 million over the next three seasons if he decides to sign with another team….

If James were to pick up his option with the Cavs for next season, the deadline for which is June 30, he would earn $17.1 million. If he lets that contract end and re-starts after July 1, he’s likely to make about $16.5 million.

Over the long term, this gulf only widens when the yearly salaries are compared. If James were sign an extension to his current contract June 30, he would make nearly $19 million in the 2011-12 season. If he lets it expire and then signs a new contract with the Cavs, he’d make about $800,000 less that season.

The same is true of Dwyane Wade and Chris Bosh, they are a paying a price to be a free agent. It may not seem like a steep price to you, $2 million out of  around $51 million in three years. But that is still money left on the table. Especially if James signs with Cleveland after all (which is still the smart bet).

But hey, being wined and dined by celebrities in New York is a lot of fun, who can put a price tag on that?

  1. Witness2k10 - Jun 22, 2010 at 12:00 PM

    Losing 2 million dollars could be a possibility if he opts out of his current contract before June 30. But check out this, Lebron or any of these opt-out players could be traded before July 1st(draft night perhaps?) and sign an extension with that team, hence the player doesn’t lost any money. There are so many options players and teams can choose from. Let’s see who is smart enough to pull this off.

  2. laughing52 - Jun 22, 2010 at 12:25 PM

    The only way this is even a factor is if he stays in Cleveland, thus making this a “only people in Cleveland care about this problem”. No matter how much his NBA contract is it is nothing compared to endorsements. Lebron may have endorsement problems in Cleveland, but 1 or 2 million a year in lost NBA salary is a joke compared to the money he would make outside of the NBA in Chicago or New York.

  3. Sergeant Brain - Jun 22, 2010 at 2:55 PM

    What is $2 million to LeBron? Pocket change…

  4. jitesh - Jun 22, 2010 at 10:24 PM

    I AGREE MONEY IS NOT THE ISSUE WITH LEBRON SURE HE WANTS TO BE THE FIRST “BILLIONDOLLAR” ATHLETE BUT HE WANTS TO DO THAT ON HIS OWN TERMS FACE FACTS IF LEBRON WANTED TO STAY WITH THE CAVS HE WOULD HAVE HINTED HIS INTENTIONS BY NOW, THE CAVS ORGANIZATION IS PATHETIC, HE IS BOLTING TO THE KNICKS THE CAVS DO NOT HAVE THE CAP ROOM TO SIGN OR TRADE FOR A BIG NAMED FREE AGENT, BESIDES WHY WOULD A BIG NAMED PLAYER WANT TO JOIN THE CAVS OF ALL TEAMS WHY NOT JOIN LEBRON IN NEW YORK OR NEW JERSEY I WISH FREE AGENCY STARTED THIS WEEK ITS GOING TO AN AWESOME FREE WEEKS IN JULY 2010

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