LeBron would consider European offers of $50M or more
What could possibly stop LeBron James from going to the New Jersey Nets and joining his buddy Jay-Z other than the other New York team, the Knicks? Some other title contender offering top dollar? Hardly. Then what could it be? Surprisingly, the answer is a European team.
A person close to James said he would consider playing overseas if he was offered a salary of “around $50 million a year.”
James’ current contract expires after the 2010-2011 season, but he can opt out after the 2009-2010 season. Even though many teams are working to clear out salary cap space for that summer, none could offer a contract beginning at even $20 million a year.
The Russian team CSKA Moscow and the Greek team Olympiacos, which recently gave Josh Childress a contract approaching $30 million over three years, have already contacted James, according to the person close to him. The person added, however, that no monetary or contractual discussions have taken place.
While $50 million may seem outrageous, it actually is not, considering the fact that David Beckham signed a 5 year, $250 million contract to play soccer in America, or the $33 million that Jerry Reinsdorf now regrets having given Michael Jordan to return for the 1997-98 NBA season. Additionally, the strength of the euro in comparison to the dollar, and the fact that European clubs are not bound by a salary cap make this deal sensible.
There have been several players who left the NBA for European league teams this summer, but none of James caliber have left - or even considered it. If James were to go overseas, it would be a disaster for the NBA. However,
The source close to James said LeBron would play in Europe only for a year or two before returning to the NBA. He said James would view it as an opportunity to popularize the game and himself overseas. He added that James would not consider himself to be playing in the “minor leagues.”“Not at all,” the person said. “He believes those guys are pros also.”
The entire scenario falls in line with James’ stated goals of becoming a billionaire and “global icon.”