LeBron James made statements on Friday that he would not be signing the extension for the option on his three year contract with the Cleveland Cavaliers that would pay him $17 million. “I signed a contract in 2006 with an option, and it would make no sense for me to sign that contract if I didn’t keep my options open,” he said. “I’ll let you fill in the blanks.”
Obviously the Cavaliers want to keep LeBron, and with the signing of Shaquille O’Neil, Danny Ferry and the Cavaliers seem to be keeping the team competitive. But a lot of teams have been clearing salary cap room for the upcoming crop of rookies coming out in 2010, and LeBron can smell the money!
Even if the Cavaliers go all the way and win the NBA Finals, the money will talk, and it may be tougher for the Cavs to be able to afford to keep LeBron James.
You can see the other NBA team owners salivating at the prospect of bringing LaBron on board and jump starting season ticket sales wherever he may go. Just what an NBA teams needs in this economy.