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Economy might put cap on LeBron's future options

By Patrick McManamon
Beacon Journal sports columnist

ESPN produced an interesting story about the NBA's salary cap, which probably will have a lot more to do with the future of LeBron James than anything he said or didn't say or might have said to Trevor Ariza of the Houston Rockets or his friends or sources of his friends who live across the street from other sources who deny being sources of Ariza.

The most interesting salary cap news was not about this upcoming season, but the next one. ESPN got hold of some double-secret league memo warning that the cap for 2010-11 could drop from $57 million to as low as $50 million next year.

That's a drop of between $10 and $15 million from what was expected, caused by an expected drop in revenues. And it adds up to one star's salary.

This does all sorts of things, like reduce the threshold for the luxury tax. Plain and simple it also means there will be less money available for next summer's free agents.

These would include James, Dwyane Wade, Amare Stoudamire and Chris Bosh.

Which puts James in the interesting position of leaving money on the table if he does not sign the max extension that the Cavs will offer him this month.

I've never doubted that James would like to finish his career in Cleveland.

He loves it here, loves living near his hometown of Akron, loves being able to go to St. Vincent-St. Mary games, loves being close to Keith Dambrot at the University of Akron and loves the fact he could bring the MVP Award ''home.''

The fans have treated him fabulously, the team does not operate on the cheap (Dan Gilbert will pay a luxury tax of $13.7 million for this past season) and things have progressed well, even with the disappointment of the loss to the Orlando Magic still fresh.

These are all reasons to believe that James will go nowhere.

However, James is his own man. He seems very determined to play this thing out as long as possible. Why he's doing that is anyone's guess, but nobody is going to tell LeBron James what to do on this front.

We can all wish he would sign before the end of this month, but it might not happen. And nothing we say will change his mind.

But . . . all the chatter that James' uncertain future is affecting the signing of free agents in Cleveland is just that. Chatter.

Free agency for a player comes down to one primary thing: Money.

Did Mickael Pietrus sign with the Magic a year ago thinking it would get him to the NBA Finals? No. He signed because the Magic gave him an excellent offer.

If the money is the same, it comes down to shots and stats.

Promise a guy enough money and enough shots and he'll sign with anyone — witness Hedo Turkoglu going to the Toronto Raptors, a 33-49, nonplayoff team. Toronto is a great city, very underrated, and a tremendously cosmopolitan place.

But it's hard to think the extra money Turkoglu got in Toronto did not play a factor in his backing out of an agreement with the Portland Trail Blazers.

It's probably safe to say that James likes and enjoys his wealth. He does not seem to be the kind of guy who will leave money on the table. And no matter where he plays, his team will be in the championship chase — because he's that good.

But right now there's a bit of a guessing game going on. What's certain is that James can earn more money by staying with the Cavs, and he would earn more staying with the Cavs if he signs this offseason.

His option next season is for $17 million.

The Cavs can offer him an extension worth about $130 million over six years (yes, the staggering numbers could cause a person to regurgitate his or her Wheaties). He could also sign a shorter extension.

But . . . if he waits until next summer, he'll face a market where teams might no longer be able to sign him (i.e. the New York Knicks) because of the lower cap.

He also faces the double ''whammy'' — which, in this instance, is a financial term with great relativity given the money involved — of taking less to play for another team during a summer when the salary cap could drop significantly. Never discount how important it is to an athlete to say he is the highest-paid in his craft.

The only reason it makes economic sense to leave money on the table would be because James has enough money to make the extra meaningless.

If the extra money means that little, there's probably little the Cavs could do to keep James because he has made his mind up that he's leaving and his words about Cleveland are empty.

I don't believe that to be true. I believe what he says about enjoying himself here.

The other theory that he's waiting to try to put pressure on the Cavs is kind of silly, too.

It reminds me of the old ''everyone has to step up'' statement when a player gets hurt. This is poppycock, of course, because it implies guys weren't doing their best before a guy got hurt. Of course they were.

Organizations try to win. Some succeed, some don't. The Cavs are trying to win, period. To think they're trying harder to win because they think James might leave is pretty insulting when you think about it, insulting to the owner, the front office, the other players.

They are trying to win.

So is James.

But he's not going to sign because you, me, Mrs. O'Reilly or the man on the moon want him to sign. He's going to stay because he wants to stay. He will decide himself, based on what he perceives is best for him.

The NBA, though, just gave him something pretty serious to consider with its financial forecast for the future.


Patrick McManamon can be reached at pmcmanamon@thebeaconjournal.com. Read his blog at http://www.ohio.com/mcmanamon/. Follow Pat on Twitter at http://www.twitter.com/patmcmanamon.

LeBron James throws chalk before the start of Game 2 of the first-round playoff game against the Pistons in April. (Mike Cardew/Akron Beacon Journal)

ESPN produced an interesting story about the NBA's salary cap, which probably will have a lot more to do with the future of LeBron James than anything he said or didn't say or might have said to Trevor Ariza of the Houston Rockets or his friends or sources of his friends who live across the street from other sources who deny being sources of Ariza.

The most interesting salary cap news was not about this upcoming season, but the next one. ESPN got hold of some double-secret league memo warning that the cap for 2010-11 could drop from $57 million to as low as $50 million next year.

That's a drop of between $10 and $15 million from what was expected, caused by an expected drop in revenues. And it adds up to one star's salary.

This does all sorts of things, like reduce the threshold for the luxury tax. Plain and simple it also means there will be less money available for next summer's free agents.

These would include James, Dwyane Wade, Amare Stoudamire and Chris Bosh.

Which puts James in the interesting position of leaving money on the table if he does not sign the max extension that the Cavs will offer him this month.

I've never doubted that James would like to finish his career in Cleveland.

He loves it here, loves living near his hometown of Akron, loves being able to go to St. Vincent-St. Mary games, loves being close to Keith Dambrot at the University of Akron and loves the fact he could bring the MVP Award ''home.''

The fans have treated him fabulously, the team does not operate on the cheap (Dan Gilbert will pay a luxury tax of $13.7 million for this past season) and things have progressed well, even with the disappointment of the loss to the Orlando Magic still fresh.

These are all reasons to believe that James will go nowhere.

However, James is his own man. He seems very determined to play this thing out as long as possible. Why he's doing that is anyone's guess, but nobody is going to tell LeBron James what to do on this front.

We can all wish he would sign before the end of this month, but it might not happen. And nothing we say will change his mind.

But . . . all the chatter that James' uncertain future is affecting the signing of free agents in Cleveland is just that. Chatter.

Free agency for a player comes down to one primary thing: Money.

Did Mickael Pietrus sign with the Magic a year ago thinking it would get him to the NBA Finals? No. He signed because the Magic gave him an excellent offer.

If the money is the same, it comes down to shots and stats.

Promise a guy enough money and enough shots and he'll sign with anyone — witness Hedo Turkoglu going to the Toronto Raptors, a 33-49, nonplayoff team. Toronto is a great city, very underrated, and a tremendously cosmopolitan place.

But it's hard to think the extra money Turkoglu got in Toronto did not play a factor in his backing out of an agreement with the Portland Trail Blazers.

It's probably safe to say that James likes and enjoys his wealth. He does not seem to be the kind of guy who will leave money on the table. And no matter where he plays, his team will be in the championship chase — because he's that good.

But right now there's a bit of a guessing game going on. What's certain is that James can earn more money by staying with the Cavs, and he would earn more staying with the Cavs if he signs this offseason.

His option next season is for $17 million.

The Cavs can offer him an extension worth about $130 million over six years (yes, the staggering numbers could cause a person to regurgitate his or her Wheaties). He could also sign a shorter extension.

But . . . if he waits until next summer, he'll face a market where teams might no longer be able to sign him (i.e. the New York Knicks) because of the lower cap.

He also faces the double ''whammy'' — which, in this instance, is a financial term with great relativity given the money involved — of taking less to play for another team during a summer when the salary cap could drop significantly. Never discount how important it is to an athlete to say he is the highest-paid in his craft.

The only reason it makes economic sense to leave money on the table would be because James has enough money to make the extra meaningless.

If the extra money means that little, there's probably little the Cavs could do to keep James because he has made his mind up that he's leaving and his words about Cleveland are empty.

I don't believe that to be true. I believe what he says about enjoying himself here.

The other theory that he's waiting to try to put pressure on the Cavs is kind of silly, too.

It reminds me of the old ''everyone has to step up'' statement when a player gets hurt. This is poppycock, of course, because it implies guys weren't doing their best before a guy got hurt. Of course they were.

Organizations try to win. Some succeed, some don't. The Cavs are trying to win, period. To think they're trying harder to win because they think James might leave is pretty insulting when you think about it, insulting to the owner, the front office, the other players.

They are trying to win.

So is James.

But he's not going to sign because you, me, Mrs. O'Reilly or the man on the moon want him to sign. He's going to stay because he wants to stay. He will decide himself, based on what he perceives is best for him.

The NBA, though, just gave him something pretty serious to consider with its financial forecast for the future.


Patrick McManamon can be reached at pmcmanamon@thebeaconjournal.com. Read his blog at http://www.ohio.com/mcmanamon/. Follow Pat on Twitter at http://www.twitter.com/patmcmanamon.



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Akron Voice
Akron, Oh

Posted 03:14 PM, 07/08/2009

Go Cavaliers !


Jack Hill

Posted 04:26 PM, 07/08/2009

With the staggering problems this country faces trying to exist until we can rid ourselves of possibly the most destructive administration in our history, what some overpaid jock will or will not make to put a ball in a basket is of absolutely no importance or concern. Professional sports across the board will be doing a lot of belt tightening in the near future if they wish to survive.


Bob
Uniontown, OH

Posted 04:58 PM, 07/08/2009

I assume we are trying to rid ourselves of the Obama administration as they move us deeper into debt everyday


Delonte13

Posted 04:59 PM, 07/08/2009

Jack Hill-

Life isn't all about politics. If everyone were completely focused on politics, life wouldn't be worth living. People need to enjoy themselves, and basketball brings relief in these difficult economic times.

And I hate to tell you, but this is a capitalistic society. That means that supply and demand applies to everything economically, even sports. Therefore, I would argue that LeBron is NOT overpaid; he simply makes what the market demands.

Also, I think it's quite funny how you act like all LeBron does is "put a ball in a basket." Have you ever watched basketball before? LeBron James is perhaps the most talented athlete on the entire planet.

Here's a suggestion -- if you don't want to watch him play, then don't. But don't come on here and tell other people what to do. Along the same lines of what you said, if politics is so important to you, then why aren't you out campaigning or doing something about it? You're just as bad as everyone you're complaining about, posting comments on a newspaper article. Wake up.


Truth Sought
mogadore, oh

Posted 05:17 PM, 07/08/2009

Dear Delonte13: Now settle down....don't get your panties in a bunch. I think Mr Hill was trying to make the point that our society values entertainment and sports as more important than good jobs...health care...education...etc. I happen to agree.


Delonte13

Posted 05:22 PM, 07/08/2009

Truth Sought,

If that were the case, don't you think we'd be having a lot more problems than we are now? And, who is he to prioritize people's values? No one is stopping him from contributing to the political arena. The only reason I get upset is because I come across these curmudgeon types all the time on these sites, and it's typically people who think they know what's best for everyone else, but are hypocritical themselves. Like I said, if watching sports is a waste of time or if everyone's time should be spent helping a political cause, then what is Hill doing on his computer? Get out there and "save" this country!


Bob
Uniontown, OH

Posted 05:32 PM, 07/08/2009

the market pays employees based upon the value of there service and availability of their talent, LeBron can do something no one else can, he is therefore paid like no one else, there are millions of teachers, police officers etc., we still live in a capitalist market driven society, at least for a little while longer


Delonte13

Posted 05:41 PM, 07/08/2009

Thank you, Bob. Exactly the point I was trying to make.


Steve

Posted 06:00 PM, 07/08/2009

Jack Hill,

You sound like another disappointed republican who is still mad that your guy didn't win. GET OVER IT!

Like others have pointed out, market principles are at work in sports. People are paid what the management feels is fair, given the return they get.

People like you would have us living in a society where all we do is work, eat, sleep. Sounds like the good ole USSR, Vodka was everybody's friend.


joetribe

Posted 06:46 PM, 07/08/2009

Excellent column!


molson
wadsworth, oh

Posted 06:51 PM, 07/08/2009

Bob...my thoughts exactly, but I was thinking that for the previous 8 years. Bush Sucks !!!


srilongka
Kandi, SL

Posted 06:57 PM, 07/08/2009

But... is that a GOOD thing?


connelly

Posted 07:38 PM, 07/08/2009

Great posts bob, steve, delonte and molson, wow !

"the market pays employees based upon the value of there service and availability of their talent, LeBron can do something no one else can, he is therefore paid like no one else,"

This is one of the clearest quotes I've read, thanks.....

Go Cavs !!


bilbo
Akron, Oh

Posted 07:43 PM, 07/08/2009

Throwing chalk says volumes! Can we say superficial hero boys and girls?


Love
AK, Oh

Posted 07:59 PM, 07/08/2009

http://msn.foxsports.com/cbk/story/9784408/Nike-takes-tapes-after-collegian-jams-on-LeBron

Lebron Got Dunked on.....


teddyd

Posted 09:15 PM, 07/08/2009

Cleveland.com reporting Cavs will sign Parker and are very close to resigning Andy.


Think
Stow, OH

Posted 09:51 PM, 07/08/2009

The salaries paid to professional athletes is one of the purer forms of capitalism. Players, who are the commodity, get what the market will bear. Right now, the market for NBA caliber basketball players is willing and able to bear quite a lot. This kind of situation is one that should delight those conservative types who believe in deregulation and the free market.


HuggieHall
Akron, OH

Posted 10:25 PM, 07/08/2009

Delonte13. Good work

Why are the athletes the bad guys for TAKING WHAT IS OFFERED TO THEM!

How come people whine and cry about athletes and still go see $9 movies where actors are paid $25 million for one movie?


OldManGrump
Tallmadge, OH

Posted 05:39 AM, 07/09/2009

Let LeBoob try the free agent market. I think he will find out how the salary cap will impact him if he doesn't sign with the Cavs next year. He's one injury away from a career ender.


hannaman

Posted 09:13 AM, 07/09/2009

Most talented athlete in America? Sorry, but if you've never won a championship then you're not that.


Peeps
Cuyahoga Falls, OH

Posted 09:49 AM, 07/09/2009

I admire the talent that Mr. James has. I also am glad that he chose to remain in Cleveland, his home team, with the people who have always supported him, even as a high school player.

However, how many millions does one need? Everyone has had to tighten their purse strings these days. So he only makes $50 million for one season... I won't even make that in my lifetime, let alone in one year. He already has enough money to live the rest of his life without working one more day, as long as he doesn't spend like MC Hammer. Is there anything to be said for loyalty these days?

Come on LeBron, stay in Cleveland. We've been behind you all along.


Voice of Truth & Reason
Hiram, GA

Posted 11:17 AM, 07/09/2009

There you go again grump, calling him names. How do you sleep at night? Your act has long ago gotten old, very old, just like you. A mind is a terrible thing to waste!


TheLurker
Akron, OH

Posted 11:49 AM, 07/09/2009

OldManGrump is a Trivissano dittohead.


dds18
Akron, OH

Posted 01:22 PM, 07/09/2009

LeBron James with no regard for human life!!!!

Favorite broadcaster quote of all time right there!

Oh, and see you in a Cavs uniform in 2 years LeBron :)


Minna Wade
akron, OH

Posted 02:02 PM, 07/09/2009

Pay LeBron enough to keep him employed so that he doesn't start to organize mobs to beat up on whitey and cause the newspaper to be labeled censors because they won't publish every black and white racist fool's comments on the website where they have the discretion to publish or block any old thing they want.


Delonte13
Cleveland, OH

Posted 02:40 PM, 07/09/2009

Minna Wade,

You may be the most ignorant individual in existence. What a horrible day your birth must have been.


Delonte13
Cleveland, OH

Posted 02:41 PM, 07/09/2009

Hannaman,

What does winning a championship have to do with it? I could put a bunch of preschoolers around him on the court -- he won't win a championship, but he's still the best athlete in the world. Now analyze the flaw in your logic, please.


dds18
Akron, OH

Posted 03:30 PM, 07/09/2009

Thats right Delonte!!


krystal
wadsworth, oh

Posted 03:58 PM, 07/09/2009

Awww poor over-payed athlete. such a shame.


nottheusual1
Tallmadge, OHIO

Posted 04:43 PM, 07/09/2009

@delonte:

You may be the most ignorant individual in existence.

I-R-O-N-Y

You should read more than one post before you publicly shoot the toes off your own feet.

You and dds18 should get along very well ...


Retired

Posted 05:48 PM, 07/09/2009

Michael Jackson King of Pop???? LeBron James King of Akron???? I don't think so. These are just names they have given themselves! The only King I've ever heard of only lived to be 33 and died on a cross! Give these guys an inch and they turn it into a mile. I personally wish LeBron would leave this area for good. Kolbe sure put him in his place! Didn't see Lebron at Jackson's memorial service!


Delonte13
Cleveland, OH

Posted 07:16 PM, 07/09/2009

nottheusual1,

If I was supposed to feel highly insulted after that post, it didn't work.

Retired,

You sound like a Bible beater, which means most reasonable people will automatically discredit your opinion. Also, it's Kobe, not Kolbe. See what I mean about your credibility?


Thunder31
Akron, Oh

Posted 08:42 PM, 07/09/2009

Voice of Truth and Reason, know what ELSE is a terrible thing to waste? Those two big stadiums in Cleveland where they try to play professional ball.


srilongka
Kandi, SL

Posted 10:31 PM, 07/09/2009

As I've been saying all along, "Thank the gods for this recession!" Now, if we get a depression, we may be able to afford to buy Kobe, Magic AND Michael Jackson.


Love
AK, Oh

Posted 12:02 AM, 07/10/2009

Let Crybaby stay in Cleveland..... That way he'll always be remember as a barkley, ewing, CRAIG EHLO (LOL). Aint nobody gonna come to cleveland (worth having).... Tell the boy to Man up and stop crying....
















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