The narrative around LeBron James’ return to Cleveland is that of homecoming. That is what he said in his letter and that has resonated not just in Northeast Ohio but nationally (well, not so much in Miami, but everywhere else).
The other side of this is it is a big financial win for Cleveland.
Not just for the Cavaliers — although the value of that franchise just skyrocketed and the amount of sponsor dollars flowing in will become a river — but also for the City of Cleveland. That according to Bloomberg.
The return of the star forward to his hometown Cleveland Cavaliers will have a $500 million a year impact on the local economy, with a boost from additional ticket sales and other spending, County Executive Ed FitzGerald said today….
Based on calculations by the Cuyahoga County Fiscal Office, James’s return will increase the benefit from Cavs games alone to about $268 million. Average attendance increased from about 12,000 before James joined the team to about 20,500 during his final season, the county said. Although attendance has slipped, officials expect sold out games next season with James on the court.
Other spending increases will come at restaurants, convention business and hotels, FitzGerald said. Anticipated benefits include a $34 million increase in annual spending by fans at games to $170 million a year plus 500 additional jobs supported by the Cavaliers, the county said.
As fans we always talk about wanting owners to get name players for our selfish reasons — we want to see our teams win. But there are other motivations for them, the NBA is a business and star players such as LeBron James, Kevin Durant and others bring in far, far more money than their max salaries can pay. Superstars are a real value.
And Cleveland just got back the biggest one of all.
Billy Donovan was given the head coaching job in Oklahoma City to bring their offense into modern times — and it seems to be working, Russell Westbrook said he feels a lot more space in the system.
But if the Thunder are going to contend for a title, they need a top 10 defense as well — and to do that Donovan is going to keep a Scott Brooks move and continue to start Andre Roberson and Steven Adams. Check out the starting lineup for their first preseason game Wednesday.
There also was this report via Anthony Slater in the Oklahoman yesterday about a scrimmage at practice.
Durant, Russell Westbrook, Serge Ibaka and Andre Roberson all started for the White team. Nick Collison joined them, but that was only because Steven Adams sat out with back soreness….
Donovan said the teams weren’t split by accident. That’s how they’ve been divided in practice. So at this point, it seems Roberson is this team’s starting shooting guard and Adams is the team’s starting center.
This is the smart move. Last season the lineup of Westbrook, Roberson, Durant, Ibaka and Adams was +13.4 points per 100 possessions over their opponents. Roberson and Adams are there for defense — neither brings much offensive game to the floor, but when you have Westbrook and Durant and only one ball between them, you don’t need more offensive threats. You’re going to get plenty of points.
If they can just stay healthy, Oklahoma City is a team to be feared.
The Hall of Fame player behind the original iron man streak is with us no more.
Knicks’ legend Harry Gallatin passes away at age 88, the team confirmed Wednesday.
Gallatin led the Knicks of the late 1940s and into the 1950s, when he set a then record playing in 610 consecutive games. Nicknamed “The Horse,” he was a beast on the boards who averaged 15.3 rebounds a game one season and averaged 11.9 boards and 13 points per game over the course of his 10-year career. He’s still fourth all time in total rebounds in Knicks franchise history.
Gallatin was a seven-time All-Star and twice All-NBA selection. After his playing days, he spent many years as the athletic director at Southern Illinois University Edwardsville.
Our thoughts are with his family and friends.