Saturday, July 03, 2010
LeBron James Will Stay in Cleveland for the Beer
The LeBron James free agency has generated more media coverage than the NBA finals. He has visited with the owners of six teams, all of them ready to build a private bank vault and fill it with greenbacks for the superstar.
If James stays with the Cleveland Cavaliers his maximum contract will be $125 million over six years. If he moves to another team, the maximum contract is $97 million over 5 years based on NBA rules. But his basketball contract is just part of the picture. The New York Knicks made a presentation to King James this week that included an economic analysis that suggested by coming to New York he would earn $1.94 billion in endorsement deals, at least double the potential of any other city. James appears motivated to find a club where he can win an NBA title or two along the way. The Cavaliers have never won an NBA title. The Knicks last won the championship during the 1969-70 season.
All of this money talk has to be weighing on the 25 year old. That's why the offer from Chardon BrewWorks & Eatery in Chardon, Ohio (about 30 miles from the Quicken Loans Arena in downtown Cleveland) should cinch the deal for the Cavaliers. The brewpub has made a public pledge to give James free beer for life if he signs with the Cavs and stays in Cleveland.
Name me one 25 year old who would turn down a deal that includes free beer for life. Admit it, you cannot come up with a single name.
LeBron is staying in Cleveland.