There are high profile NBA stars in the free agent pool this season which will alter the landscape of the NBA. The best player in this pool besides Wade is LeBron James.
He is expected to max out the NBA contract at $130,000,000 for 6-years -playing a game very well. Add endorsements and LeBron is now not just a basketball player. He is now a major company that will boost a city economy. It is estimated that Ney York City would gain over $1B during his career while Chicago would gain over $0.5B to its economy.
If he took the NY Knicks to Game 7 of the NBA finals – in NYC, the boost to the economy is estimated at $58,000,000 for 1-event!
If you were a “city” and your finances are upside down, no economic energy and the future dim, you would go after the economic boost (LeBron James) with everything you can muster. LeBron James is a company being courted by cities wanting his operation in their city. Not much different from any other city trying to convince a company to move their operations by providing tax incentives, “free” land, and grants to build their infrastructure.
Why did Boeing move one of their manufacturing lines to South Carolina?
Why does a local town condemn property so a shopping center can be built?
NYC would be well served to parcel off a section of Central Park and build LeBron James a castle – after all he is “The King”.
The problem is what happens to Cleveland’s economy if LeBron moves?
What happens to the people displaced by politicians abusing eminent domain?
What happens to the manufacturing facilities or office buildings that become vacated by companies moving to “greener” pastures?
Economic survival of our communities will be played out just like the free agency lottery of LeBron James, Wade, Bosh, Joe Johnson and all the others. Let’s watch and see what happens.
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