Posted By Sean Doyle, July 7, 2010.
It has come to this. We are but 24 short hours away from the most important announcement in NBA free agent (re: human) history. Major pieces are now off the board. Bosh and Wade have both committed to the wily Riley South Beach Superteam. Nowitzki and Pierce have opted to stay home sweet home. Amar'e
"STAT" Stoudemire has taken to the Big Apple. So where does this leave the King? Apparently in
Greenwich, Connecticut. Hmmm....
Why is LBJ in hedge fund heaven? One does wonder as
wild rumors abound. Tommorow night at 9 p.m. LeBron announces live on ESPN which one of the six teams (Cleveland, New York, Miami, Chicago, Los Angeles, New Jersey) pursing him he has finally decided to sign with.
I'm a (
long suffering) Knicks fan. I'm biased I admit it. But I think there is a very strong argument as to why LBJ should come to NYC. I'll lay it out (stat-wise) here:
On/Off Court Maximum Earning Potential (According to Interbrand):
NY Knicks: $ 1.9 Billion
Cleveland Cavs: $ 1.1 Billion
Chicago Bulls: $ 1.2 Billion
Miami Heat: $ 0.9 Billion
(Winner: Knicks)
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Lifetime Probability of Earning a Billion Dollars (According to Interbrand):
NY Knicks: 48.6%
Cleveland Cavs: 1.3%
Chicago Bulls: 1.0%
Miami Heat: 0.0%
Why is this important? Well, for years LeBron James has repeatedly stated his desire to
be the first professional athlete to become a billionaire. According to Interbrand, James' probability of achieving this goal is best served (perhaps
only served) by inking with the New York Knicks (by a very,
very wide margin).
(Winner: Knicks)
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City Population, Greater Urban Population (According to Wikipedia):
New York: 8.4 Million, 18.2 Million
Cleveland: 0.4 Million, 2.3 Million
Chicago: 2.8 Million, 8.7 Million
Miami: 0.4 Million, 1.1 Million
(Winner: Knicks)
This is a big one....There are more than twice as many people in just NYC (8.4 Million) than there are in Cleveland, Chicago, and Miami combined!!! (3.6 Million for all three). Who wants to be a Billionaire, LBJ?
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NBA Team Values (According to Forbes):
NY Knicks: $ 586 Million
Cleveland Cavs: $ 476 Million
Chicago Bulls: $ 511 Million
Miami Heat: $ 364 Million
(Winner: Knicks)
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NY Knicks: 51.5 (Stoudemire 22.6, Gallinari 14.8, Chandler 13.7)
Cleveland Cavs: 48.6 (Varejao 15.8, Williams 16.1, Jamison 16.7)
Chicago Bulls: 57.8 (Boozer 21.3, Noah 17.9, Rose 18.6)
Miami Heat: 63.7 (Wade 28.0, Bosh 25.0, Chalmers 10.7)
(Winner: Heat)
* On the pure numbers, Miami is way ahead. However, if LeBron goes to such a loaded team in a such small fickle market it likely would be seen as a cop-out (an easy route to a couple rings...something Jordan or Bird would never ever do) and could seriously (perhaps irreversibly) damage his reputation and by extension his brand....(Bye bye billions...) _________________________________________________________
Biggest Upside/ Impact (2009-2010 Record, Recent History, etc.)
NY Knicks: 29-53 (2 playoff appearances in last 10 years)
Cleveland Cavs: 61-21 (5 playoff appearances in last 10 years,
lost '07 Finals)
(Winner: Knicks)
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Conclusion:
as LeBron's best chances to build his own unique legacy and brand (not ride on D. Wade's coattails) and make that cool billion dollars he has always aspired to make. As a Knicks fan you know where I stand.
- Sean Doyle
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