July 7th, 2010
11:43 AM ET

LeBron James: What we know so far

LeBron James and Dwyane Wade played together during the All-Star game -- now, will they play together during the regular season?

[Updated at 8:26 p.m.] Investors on Wall Street may have been betting this afternoon that LeBron James will head to the New York Knicks.

Shares of the Knicks' owner, Madison Square Garden, rose 6.41 percent, or $1.30, to $21.57 Wednesday on Nasdaq. Much of the rise happened late in the session before the trading day ended at 4 p.m. ET.

David Joyce, a media analyst with Miller Tabak & Co., told Reuters that the rise is probably because of speculation that James may announce Thursday that he'll sign with the Knicks.

The Reuters report didn't give details about the speculation. But one thing that may have fueled the hopes of Knicks fans was a Twitter post by Phoenix Suns player Jared Dudley.

At about 2 p.m. ET, Dudley tweeted the following: "Breaking News!!! My sources tell me Lebron will announce that he will be goin to the NY KNICKS tomorrow on ESPN.. This is serious.. WOW!!!!"

Later Wednesday, he tweeted this: "That's what I'm hearing.. I don't care where he goes lol.. I personally thought he would stay in Cleveland.."

The first post was retweeted widely among Twitter users, including ESPN's Trey Wingo and Dudley teammate and former NBA MVP Steve Nash.

[Posted at 11:43 a.m.] LeBron James plans to tell us all where he plans to play next season live in an hour-long special his team is calling "The Decision" on ESPN tomorrow night.  Here’s what we know already:

He’s going to likely get a contract worth between 96 million and 125 million dollars.  He gets the higher amount if he re-signs with his hometown Cleveland Cavaliers, takes less if he changes teams.  Those are the leagues’ salary cap rules.

The two most coveted free agents after LeBron, Dwyane Wade and Chris Bosh said today they are going to play together for the Miami Heat. They want LeBron to join them there.

LeBron started a twitter account yesterday. His bio says “King of Akron.” He's also got a website.

We don’t know why LeBron has decided to reveal his decision on a nationally televised hour-long special, (proceeds from the commercials are going to the Boys and Girls Clubs of America), more importantly we don’t yet know where it’s going to take place. The location could be a key indicator of what he’s decided.

He wouldn’t be expected to go on TV from his hometown Cleveland/Akron to tell the world he was going to Miami, Chicago, New York etc. And he probably wouldn’t do the show in one of those cities if he was going to stay in Cleveland.  Of course he could do it from a “neutral” site to build up the mystery.

And we don’t know if the news will hold until tomorrow night at 9 when the big show is planned.  Lots of respected NBA reporters have been following the story closely.  Here are some who might get the scoop if you want to follow along.

Brian Windhorst, Cleveland Plain Dealer,  @Dcavsinsider
Adrian Wojnarowski, Yahoo Sports, @WojYahooNBA
Chris Broussard, ESPN, @Chris_Broussard
Stephen A. Smith @stephenasmith
Chris Mannix, SI.com, @ChrisMannixSI

As LeBron’s Nike poster said “We are all witnesses”

soundoff (265 Responses)
  1. matt

    It sure seems like a waste to most of the people posting on here for you to come to the Lebron watch page to say who cares. Doesn't make any sense. Anyway, to Lebron, if everyone is talking about how can he make a media impact in Cleveland more than NY or Miami well I think this is the beginning of him showing us how. This is the perfect way to begin his march to global icon and doing it all in his home town. This is exactly how to use the media to raise brand awareness. It's not that hard to deduce, Lebron's staying in Cleveland.

    July 7, 2010 at 12:47 pm | Report abuse |
  2. tone

    i see everybody bashing the overpaid athlete but i guess everyone missed the part that said all the proceeds from the commercials run during the show will be going to the boys and girls club...

    July 7, 2010 at 12:47 pm | Report abuse |
  3. x420jo

    LEBRON IS KING!!! kings always get hated on! its just sad that the people who dont seem to care, and want to be negative, cant just move on without being a HATER. they have to put their 2cents in. if you dont care, then why bother with the negativity? i mean really isnt our world negative enough?

    July 7, 2010 at 12:51 pm | Report abuse |
    • jason

      I believe Kings are usually on top...until he gets on top, he is no King.

      July 7, 2010 at 1:10 pm | Report abuse |
    • Phil

      Hater?? I wish him all the success in the world. When he starts delivering the rings, though, is when he moves from being a talented player to champion, and that has not happeded.

      July 7, 2010 at 1:16 pm | Report abuse |
    • sungod

      see fools like u always spew out the term "hater" just like love itz overused and misused Common said something that will always trump any attempt to label someone a "hater" he said: "If i dont like it...i dont like it doesnt mean im hatin"....so plz god aint no one hatin on LB he get his like u need to get urs period dot

      July 7, 2010 at 1:27 pm | Report abuse |
  4. wow

    this guy is sick. he needs to get over himself

    July 7, 2010 at 12:53 pm | Report abuse |
  5. TracyFromCincinnati

    THIS IS GOOD COVERAGE. NO ONE IS TALKING ABOUT KOBE. 2010 CHAMPIONSHIP WHO/WHAT????? Good for you LeBron having the proceeds donated to The Boys and Girls Clubs of America. Class act!!!! Talk about that haters!

    July 7, 2010 at 12:55 pm | Report abuse |
    • Erik

      Who's got 5 championships?

      July 7, 2010 at 4:01 pm | Report abuse |
  6. Michael

    This is stupid!

    July 7, 2010 at 12:57 pm | Report abuse |
  7. Bob W

    Yes...the fund raising is admirable...but as a veteran I'd like to see more go to the men and women who have sacrificed in the service of this country; in order for Mr. James and every overpaid, professional athlete to reap the awards of their talents.

    July 7, 2010 at 1:00 pm | Report abuse |
    • Vuvuzela

      Then perhaps you should be speaking to your local congressman and senator.

      July 7, 2010 at 2:21 pm | Report abuse |
  8. sungod

    yeah ....really lebron is just another dude who is good at what he does period dot....pls cease and desist with all the di**riding he is no more special than any other of God's creation

    July 7, 2010 at 1:01 pm | Report abuse |
  9. Laine R.

    The 'dog and pony' show surrounding this decision is as offensive as the monies he will more than likely be paid to play a game.

    July 7, 2010 at 1:02 pm | Report abuse |
  10. Phil

    Somewhere, someplace Kobe is having a good laugh.

    July 7, 2010 at 1:03 pm | Report abuse |
    • Morgans

      Probably in a colorado hotel room...

      July 7, 2010 at 6:16 pm | Report abuse |
  11. josh

    Lebron will not stay in cleveland. He is comming to miami to win a championship! Watch him choose the mavericks.......that would be awesome!

    July 7, 2010 at 1:04 pm | Report abuse |
    • Texas

      If he goest to Mami to win a ring and does it won't mean the same if he stays in Cleveland and make it happen. It will be like he had to go to the ring and the ring didn't come to him.

      July 7, 2010 at 2:31 pm | Report abuse |
  12. snake measurement

    What I want to know is how big is is black snake?

    July 7, 2010 at 1:04 pm | Report abuse |
    • JimmyF

      I heard 18 soft

      July 7, 2010 at 1:58 pm | Report abuse |
  13. fredgarvin99

    when lebron has the rings that kobe has, then he can ascend to the throne...still just a prince in my eyes. kudos for donating the commercial money to boy and girls club. why doesn't he just get the corporations to donate the money and not have to have the cameras focused on him. i still say it is a ridiculous spectacle......
    all he freakin has to do is say...this is the team i am going to....the end. a press release would work just fine.....
    unless he has come up with a plan for capping the well in the gulf, a cure for cancer, or is going to turn the economy around then this "show stopping event" is just a big piece of self absorption.....yes the fans want to know....whoohoo....but, again, an espn special is ridiculous

    July 7, 2010 at 1:04 pm | Report abuse |
  14. GBF

    Well-organized but obvious attempt to further build-up the LeBron brand. More publicity = more sponsor dollars. In this case a lot more. If he leaves the Cavs, the extra sponsor money should bridge the gap between the stay or go salaries. The B&G donation is a nice touch that is both benevolent and good for even more publicity. Whether on the boards or as part of “who shot JR” type cliff-hanger suspense build-up, it’s all just entertainment.

    July 7, 2010 at 1:05 pm | Report abuse |
  15. CLE FAN

    I am sooooo excited for this!!!! I can't wait to hear what LBJ will be doing. I plan to 1. Take a bath, 2. Get into my LBJ Jersey, 3. Make 3 cups of my famous LBJ Tea, and finally 4. I will cover myself in gasoline and prepare a match incase he decides to not stay in CLE.

    LBJ dont go.... lives are at stake!!!

    July 7, 2010 at 1:06 pm | Report abuse |
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