Written by: James R. Harrison Jr. – Founder, President, & CEO (@TheGrandstandUS)
LeBron James has decided on the immediate future of his career by signing a three-year, $100 million dollar contract with the Cleveland Cavaliers earlier this month, but on the “Open Run” podcast show Wednesday, James revealed what his life after basketball may look like.
“I feel like my brain, as far as the game of basketball, is unique. I would love to continue to give my knowledge to the game. I would love to be a part of a franchise – if not at the top […] My dream is to actually own a team. I don’t need to [be] fully hands on. If I’m fortunate enough to own a team, then I’ll going to hire the best GM and president that I can. But I feel like I got a good eye for not only talent, because we all see a lot of talent, but the things that make the talent. The chemistry, what type of guy he is, his work ethic, his passion, the basketball I.Q. side of things. Because talent only goes so far.”
The immediate question you should be asking yourself is, “can LeBron really afford an NBA franchise?”
Surprisingly, the goal is within reach for James. Last year, LeBron James signed a lifelong contract with Nike for $1 billion. Yes, with a b. If you add that on top of the $31 million he will make in player salary next season alone, $270+ million made on contracts in the past, and more than $50 million in endorsement deals every season, James has more than enough capital to consider purchasing a franchise.
It’s hard not to imagine that LeBron James wants to do this solely to continue chasing the “ghost” of Michael Jordan, but if he’s serious, it’s also hard not to imagine James being a great owner.
“You look at Fortune 500 companies and you look at great CEOs, they don’t go hire a CFO that’s (considered) 50th on the chain,” James said. “They go hire the No. 1 guy. They go hire the No. 1 guy. It’s like they all go hire the best guys because, listen, they know those guys are going to help them be successful. It’s different how it’s portrayed in our sport, which is fine, because I love the competition.”
Which team do you think LeBron James will purchase? Comment below and let us know what you think!