LeBron James' Great Thinking

Looks like LeBron James will ask the Cavs to re-structure his contract to a non-max 4 year deal worth $60 million. That's "only" $15 million each year. But he and his agent are not looking short term and small term. They are looking towards the future. Unlike Dwayne and Melo who readily grabbed $80 million contracts, LeBron shall wait for the NBA's collective bargaining agreement to expire at the end of the 2010-11 season. By that time, James is in a position to even get a monstrous contract when the cap goes up. Under a new agreement, James can get figures in the level $150 million. Eat that Garnett along with your first round playoff exits and 2 straight non-appearance in the playoffs!

The idea is take less now but after 4 years, only 25 by then, his net worth would be around 300 to 400 million dollars. So before 30 years old, I believe Lebron can surpass Michael Jordan's net worth. Break it down: $100 million for the Nike contract (this is even before scoring a single basket in the NBA), assorted deals of $50 million, plus his rookie contract with the Cleveland, $60 million for his new contract now and the possible humongous $150 million range he can get before he is 25 years old. This is exclusive of all other business Lebron is into. Do the math, add it all up. Record setting numbers he is doing on court and record breaking figures in his business side. This entry is posted without research. :-)

By the time his 3rd contract is up, he is only around 30 years old. He can still get year to year contracts of say $30 to 40 million dollars each year. Much like what Jordan did mid to late 90s.

I think my statements can have a chance. Barring any catastrophic injuries throughout his career, Lebron James is a young black billionaire in the making.