Moon Sports > Basketball > Too short of money! To buy a team, James has to work for two years and will not retire. The Lakers are very anxious
Too short of money! To buy a team, James has to work for two years and will not retire. The Lakers are very anxious
On July 9, James posted photos of him playing at sea, but he was very happy on the surface, but in fact he was very worried. To put it bluntly, it was still not enough money. Normally, how could he be short of money for James? But his ambition is to be the boss of a team. Soon after, Las Vegas may form a new NBA team, and James suddenly became poor.
According to reporter Evan Sidery, the idea of the NBA forming a new team in Las Vegas is becoming increasingly anxious. According to the latest news, although it is not clear, the time point tends to be in 2027. If you calculate the time, there will be two full years. And James has long said that he wants to become the boss of a team.
How difficult is it to become the boss of a team? To put it bluntly, it’s still a matter of money. Look at the team’s market value in the past two years. It sold 6.1 billion in the market opening, and 85% of the Lakers’ equity was sold for 10 billion. The Timberwolves, Pelicans, and Grizzlies, which have the lowest market value in the NBA, are all above 3 billion.
So, how much does it cost to set up an NBA team in Las Vegas? According to the latest quotation, the entrance fee is 3.5 billion, plus the cost of building a new stadium, the total cost is expected to be 7 billion US dollars.
It is a fantasy to rely on James's financial resources alone. Let's see how much money James has now!
1. James' total NBA career salary is about $580 million. He is also the highest-paid player in NBA history. In fact, after playing for 22 years, it is not much for him, with an average of $29 million per year.
2. In terms of endorsement, although Nike gave a lifetime contract worth $1 billion, it was an installment payment. With other endorsements, James can get about $85 million a year.
3. In terms of the company, James is the boss of many companies or a small shareholder of some large companies, including Fenway Sports, Liverpool, etc. In this regard, the specific annual income is difficult to calculate.
Overall, James' current total assets are $1.2 billion, and this money is still far from 7 billion. Of course, James has partners.
At present, James's partners are also very clear, that is, Redbird Capital and Fenway Sports Group. Both of these companies are extremely strong, with total assets of more than US$10 billion. The consortium composed of three parties will become the bidders for the real new team.
So, James also said before that he doesn't want to retire for the time being, and he still wants to work for two years. You should know that playing for two years means making 200 million US dollars. It's a little more. After playing this year, he will have to play for another year, but in the last year, he may not necessarily play for the Lakers. Therefore, the Lakers are very anxious because they made too much in the last year. The retirement tour is better for the Lakers at home. For away teams, it is almost the last time to watch James play. So, you can't seize the opportunity and take a good look. Just think about it. You can know that just selling tickets can be sold!
So, James is now very careful. No wonder he went out before and looked for WiFi at the first time. He couldn't even use traffic. Now he is wearing shoes, clothes, red wine, etc. Although he is usually very luxurious, in fact, he is given by others and he didn't spend 1 cent.
In addition to raising money, James has already found players after the establishment of the new team. If others cannot rely on them, he can only rely on himself. Brownie is one, Bryce is one, and the two brothers are probably the veterans of the new team. These two people saved a lot of money, which was really difficult!
I have to say that James is really a high-quality entrepreneur. Not only is he good at playing basketball, he is also very outstanding in the field of success, and he is self-disciplined. From a slum child to a big entrepreneur, both in career, family education, charity, and in all aspects, he has performed so outstandingly. His life is just like his playing basketball, he is very versatile. I hope that the team in Las Vegas can delay for another 2 years and let James play for another 2 years.
Too short of money! To buy a team, James has to work for two years and will not retire. The Lakers are very anxious
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