May 10
17
LeBron James a New York Knick? What if
Southridge Capital takes a look at the business of entertainment. We recently heard Law and Order, after 20 years, is ending its run. The show spends about $79 million a year in New York City, according to Katherine Oliver the commissioner of the Mayor’s office of Film, Theater and Broadcasting.
What would happen to New York’s economic picture if LeBron James became a New York Knick? The Knicks last winning season was in 2000-01, with them making the playoffs playoffs in 2004, with a losing record. The Knicks are actually ranked either number 2, or close to it, in NBA Team Valuations. With all the losing seasons, this is an amazing ranking for the Knicks.
The number 1 team in value is the LA Lakers and they won a championship last year and are favored this year. What would happen if LeBrom James came to New York City? Would that change the valuation of the Knicks? If they are close to being the second most valuable team, how much is LeBron worth on their roster? Or would the Nets be a better decision?
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