Do the Cavaliers seem desperate to keep LeBron James in Cleveland? They should. They have good reason. About 250 million reasons.
Losing LeBron would drop the Cavaliers franchise value by $250 million, according to a story in Bloomberg News.
“I wouldn’t be surprised if the Cavaliers in a year or two are below the league average in terms of value,” said Michael Cramer, the former president of baseball’s Texas Rangers and hockey’s Dallas Stars who teaches sports business at New York University. “One player has a tremendous impact, especially in the NBA, and especially when you’re talking about one of the top two or three visible, recognizable players not only in the league, but in all of professional sports.”
The last Forbes estimation had the Cavaliers worth $367 million.
Right now Cleveland sells out and has sponsors tripping over themselves to be associated with the team. They are on national television as much as contracts allow. They sell a ton of merchandise.
All of that goes away if LeBron goes away. The Cavaliers become another struggling mid-market team. And that doesn’t even count the psychological damage to a city that has had more than its share of emotional damage inflicted by other sports franchises. Art Model, I’m looking at you.
So if the Cavaliers pitch to LeBron includes owner Dan Gilbert on his knees begging, I can forgive it. Whatever it takes.
The Nets’ projected record this season came under greater scrutiny when the Celtics traded Brooklyn’s unprotected first-round pick to the Cavaliers in the Kyrie Irving trade. After finishing third-to-last and last the previous two years, were the Nets poised to take a step forward, or would they convey a very high pick to the Cavs?
Jeremy Lin, who missed 46 games last season, getting healthy was a reason for optimism in Brooklyn and pessimism in Cleveland. But it appears the veteran guard could be out a while.
Adrian Wojnarowski of ESPN:
Billy Reinhardt of Nets Daily:
If the injury is as bad as feared, what a bummer for Lin. He came to Brooklyn expecting to play a leading role on a developing team, and he just can’t stay healthy.
The Nets were probably more focused on developing their younger players, but – especially without their own draft picks – there was no harm in shooting for the playoffs. This appears to a blow to that (already unlikely) dream.
It’s a boon to the Cavaliers, though. And whenever something significantly affects LeBron James‘ team, it has ramifications into the entire power dynamic of the Eastern Conference. For an injury to a player on a team most expect to be bad, the medical developments here will be tracked closely around the league.
Remember when Aaron Gordon was a promising fun player?
The Magic sidetracked him by playing him at small forward most of last season. But back at power forward, Gordon showed how he could push the pace as a four in Orlando’s season-opening win over the Heat.
There’s obviously flair in passing to yourself off the backboard, but it’s a sound way to improve position. Gordon did that to fantastic effect.
Gordon Hayward is going to have surgery on his ankle and leg, which should not be a surprise to anyone who saw the gruesome injury to his leg just 5:15 into his Celtics career. There is no timetable for his return yet, maybe he makes it back for the playoffs, but the Celtics are not going to rush him and he may well miss the entire season.
What next for Boston?
In this PBT Extra I cover the three things to watch for from Boston, which in the short term could mean the Kyrie Irving show. Longer term, not much changes.
Gordon Hayward broke his leg early in his Celtics debut – a devastating injury. He’s preparing for surgery tonight, per Jeff Goodman of ESPN:
First – after a perfect introduction from Marcus Smart – Hayward addressed the Boston crowd from his hospital bed before tonight’s game against the Bucks.
What’s up everybody? Just wanted to say thank you to everyone who has sent me your thoughts and prayers. I’m going to be alright. It’s hurting me that I can’t be there for the home opener. I want nothing more just to be with my teammates and walk out onto that floor tonight. But I’ll be supporting you guys from here and wishing you the best of luck. Kill it tonight. Thanks, guys.
At least this nice moment (and an outpouring of support) came out of such a gruesome injury.
And if Smart keeps setting up his teammates so well, maybe the Celtics’ offense will keep humming.