LeBron James Dreams Of Owning An NBA Team

LeBron James Dreams Of Owning An NBA Team
LeBron James First Energy Corp. / Flickr CC BY 2.0

LeBron James, who is likely to finish his NBA career with a net worth of over one billion, has lofty aspirations beyond his professional basketball career.


James told the “Open Run” podcast on Wednesday of his dream of owning his own NBA team after he calls time on his playing career. “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,” said James.

LeBron James has the funds

While Shaquille O’Neal owns a minority stake with the Sacramento Kings, Michael Jordan is the only former NBA player to sever as the principal owner of a team (the Charlotte Hornets).

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If anyone can emulate Jordan’s feat of owning a team, it’s James. Having secured a $100 million contract with the Cleveland Cavaliers, James would have earned nearly $270 million in career salaries.

Also Read: King James Regrets Missing Rio Olympics

Besides that, James signed a lifetime contract extension worth more than $ 1 billion with Nike last year, and earns nearly $50 million from annual endorsement on a yearly basis.

In 2014, former Microsoft CEO Steve Ballmer purchased the Los Angeles Clippers purchased for a whopping $2 billion. Projecting James’ net worth, it’s possible for the four-time MVP to shell out similar money to purchase a team down the road. It’s not unfathomable.

LeBron James on Warriors Super Team

Meanwhile, during the same podcast, LeBron James was asked about Kevin Durant’s decision to sign with the Golden State Warriors. James proffered a very diplomatic answer.

“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. 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.”

After winning one finals each over the last two years, the Warriors and Cavaliers are likely set for a rubber match next June with most oddsmakers preferring Golden State to win the championship.

LeBron James will be chasing his fourth NBA title next June.