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. Oddball

    okk,first off doesnt give a rat rear bout no basketball and sec of has this moose won any championship like kobe in his life?i mean just one championship,has he?

    July 7, 2010 at 1:24 pm | Report abuse |
  2. Corners-up

    He is right in-line with where he is supposed to be. The media-given KING with no crown will pimp himself to the highest court. Where will he stop nobody knows! Will he also be a media let down, I bet he does a guest spot with Larry King. Watching Larry King play basketball is like watching a bobble-head move when driving down the highway.

    July 7, 2010 at 1:25 pm | Report abuse |
  3. Oddball

    Stfu kelly, we don't care,all we cares bout is the excessive heat that we getting from this summer and also how to get a life and i doubt if u have one.

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

    Has anyone given a thought to what "PROCEEDS" means??? Is he gonna have a telethon or something?? Maybe he has not decided yet and the MOST donations given in each of the teams names will be his pick... Talk about Reality TV 2010.... YOU get to pick where LeBron will go!!!

    July 7, 2010 at 1:30 pm | Report abuse |
  5. DP

    This whole NBA thing is getting ridiculous by the minute. King LeBron? Why not James LeBron? is this the kind of message we want to send to our kid, do we want our role models to be kings instead of leaders and mentors 😉 Where is the humility in all this 😀

    July 7, 2010 at 1:31 pm | Report abuse |
  6. john

    Maybe Mom And Uncle Dad need to have a talk with him.

    July 7, 2010 at 1:31 pm | Report abuse |
  7. RussInTX

    To the Cleveland people that say they care and it really means a lot to their city if he stays or goes: How pathetic you and your city have become if this fools decision is the key to your city's future. Cleveland has made many strides to shed its image as the "Mistake on the Lake". However, if this person is to be the model and the foundation on which Cleveland builds its future then the biggest mistake on the lake has just been made.

    July 7, 2010 at 1:32 pm | Report abuse |
    • Vuvuzela

      LeBron James is what helped Cleveland shed that image. Without him, what do they have, a YouTube parody tourism video?

      July 7, 2010 at 2:38 pm | Report abuse |
  8. OhioPatti

    One of the reasons we love LeBron in Ohio, is the way he can take a situation like this, and use it for good. I just love how he will use the $$$$ from the interest in his announcement, and work with ESPN and advertisers, to turn the interest into needed money for the children of this nation. God bless LeBron, wherever he ends up, even though I'm still hoping it's with the Cavs.

    July 7, 2010 at 1:33 pm | Report abuse |

    what a goof eh!

    July 7, 2010 at 1:34 pm | Report abuse |
  10. Alex

    You all crack me up. Why would you post if you dont care? This guy is doing it right, he is taking the income (advertisement) and donating it to the boys and girls club, something he has done many times before. This is fabulous and will raise lots of funds for those who need it. He isnt getting paid more than any other player because of the salary cap.

    If your angry about his income or what hes doing, then ignore it. Dont watch the special, or just learn basketball so you can compete against him. Quit your complaining

    July 7, 2010 at 1:40 pm | Report abuse |
    • Nicki Six and the muzzle-loaders

      NO..... ESPN is donating the proceeds to the B&G Club not the KING of Akron. He is still pocketing a cool 96 milly (at least).

      July 7, 2010 at 1:47 pm | Report abuse |
    • Oddball

      shut it moose.u that watch bb ,where is ur name as king alex?

      July 7, 2010 at 1:47 pm | Report abuse |
    • Jay

      He's not taking his own income and donating it; He's making ESPN donate their income. I don;t think he hatched a plan this week and decided this was the best way to raise money for the Boys and Girls Clubs of America. He did it so he wouldn't get so much heat for making this grand announcement during an hour long ego driven horse and pony show. Her we go douce bag, here we go...bonk – bonk!

      July 7, 2010 at 1:48 pm | Report abuse |
  11. King Crab Legs

    OH!! It is King of Akron and he made the proclamation himself. Oh I don't like where this is heading. Bigger than life sharks usually get "hooked" first! Well so many have ended so glamourously after calling themselves "KINGS". Check....

    July 7, 2010 at 1:41 pm | Report abuse |

    This is exactly what's wrong with the world today. This guy is trying to maximize his income, who can blame him, but to put on this show like HE is the most important thing in the world, give me a break. How about taking some of those millions and give them to the gulf clean up effort. Same thing with Wade and Bosch, when the only thing that matters to you in life is money and not respect or your family, not to mention dignity, your life is pretty sad. He'll stay in Cleveland, make his $100 and some odd million, have his entourage that only is with him because of the money, and never win a dang thing. How much "respect" has he lost as a BASKETBALL PLAYER with this whole idiotic show? Personally I think teams are better off without his ego.

    July 7, 2010 at 1:41 pm | Report abuse |
  13. Nick

    LeBron has the best manager EVER. Unbelievable.

    July 7, 2010 at 1:42 pm | Report abuse |
  14. Scot

    Has he stopped the oil leak yet? C'mon people readsome real news and get involved. Overpaid athletes will not help in our economic recovery. ramble over.

    July 7, 2010 at 1:46 pm | Report abuse |
    • Vuvuzela

      What are you talking about? They can make it rain! You can't do that with your chump change.

      July 7, 2010 at 2:41 pm | Report abuse |
  15. James

    Lebron the Jester is more like it. No rings, no king. Hes going to Miami, which I think will be David Sterns wet dream.

    July 7, 2010 at 1:50 pm | Report abuse |
    • Alex

      Oh hush, oddball. Why are you wasting your time arguing

      July 7, 2010 at 1:51 pm | Report abuse |
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