Toronto will still do OK still some moves to be made
Baseball players can make alot more just because there isn't a salary cap. Where LBJ AND Wade make alot of cash is from their endorsement deals especially LBJ who is basically his own brand. I don't think you can say this about some MLB players.
Then they need to make some serious moves because now they don't have Chris Bosh and they made a bad move by signing a below-average player Amir Johnson to five-year, $34 million deal (outrageous contract in my opinion). I hate to say it, but Toronto Raptors' future is looking bleak. I would be surprised if they make to the playoffs next year.
While sports reporters have sought agents and teammates for the inside scoop on where NBA superstar free agent LeBron James will sign, there’s another person who may know The King’s next move: his accountant.
In a July 1 blog post, the New York Post warned that “dysfunctional lawmakers in Albany” could cost the state a chance to bring the coveted athlete to New York.
“If LeBron James goes to the Miami Heat instead of the [New York] Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite,” the Post said.
The tax savings for James in Miami over New York City would be staggering, according to the Post’s analysis.
“On a five-year contract worth $96 million -- what he'd get from the Knicks or the Heat -- LeBron would pay $12.34 million in New York taxes.” Florida has no state income tax.
New Jersey and Ohio, the other reported frontrunners to attract James, also have state income taxes, but they are not as his as in New York. Based on a $96 million contract, James would pay $5.69 million in state taxes if he re-signed with the Cleveland Cavaliers. If he signed with the New Jersey Nets, James would pay $10.32 million in state taxes.
The New York Post isn’t the only media outlet using “LeBronomics.” In her July 8 EconWatch post, CBSNews.com’s Jill Schlesinger dubbed yesterday’s market rally “The LeBron James rally.”
Robert Schoenberger and Teresa Dixon Murray of the Cleveland Plain-Dealer estimated that downtown Cleveland businesses will lose $48 million over the course of the NBA season without James.
I would say Jeter is in the same league,Griffey was,in his prime,along with quite a few others.
If you are lucky enough to get a contract like ARod got from Texas,there really isn't any reason to bother with endorsements.It's just extra work for more money that you will never be able to spend in a lifetime.
This is a lose lose situation for Lebron. If he wins, people (including myself) will just say he can't win without team USA. If he loses, he becomes the butt of every NBA joke for the next 50 years.
Btw...what kind of king tries to rule another mans castle???
Or, he doesn't care what people think of him and just wants to play some ball with his friends and try to win some rings. I don't see the problem.
3 reasons why Lebron didn't join the knicks.
1). Camel Face jay Z (Part owner of the nets)
http://kronikle.kidrobot.com/wp-content/uploads/2009/07/cameljayz.jpg
2). The Gay Duo Wade & Bosh
3). Pat "The Weasel" Riley we still hate that motherfucker!
Hopefully they get rid of Beasley and the Bobcasts get him. That'd be nice.