James Leaving Would Devalue Cavs By $150M

[Apollo]

If James leaves the Cavs, the value of the franchise is projected to drop as much as $150 million, according to league execs. The Cavs are valued at $450 million-475 million.

nydailynews.com



Wow. That's a huge financial impact at the snap of the fingers, let alone the long term impact at the gate and merchandising.

[Tim W.]

You know, it's funny. I was thinking about this exact subject a few days ago. The fact that Gilbert, if he wanted to sell, might be pretty much screwed, now, since the value of the franchise might very well have peaked.

[verbatim]

http://ihatelebronjames.com/?p=455

[tonious35]

at least they will be a legit bottom 3-5 team and will get lotta ping pong ball am I right?