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. Lebron lover

    I grew up in a local school districtaround Lebron in high school and I'm from the Akron-area. You all see arrogance but what you don't see is what us locals see. He hangs around the local malls, he lives locally and supports local merchants, and he is constantly holding charity events to support Akron. He never hooks up with random girls at these events, and he never refuses a picture or an autograph. For 25 years old, he's an incredibly mature man.

    July 7, 2010 at 3:20 pm | Report abuse |
    • Jason

      LMAO @ "hangs around local malls" muahmuahmauh.. Hardly, he his has "fan boys" do the talking for him. He's a p.*.$.$.y!

      July 7, 2010 at 5:56 pm | Report abuse |
  2. Vuvuzela

    You people make me laugh. In one instant, you criticize an athlete/entertainer for making money and not trying to save the world or whatever. Then when somebody does become politically active in a humanitarian way, you say they should just shut the hell up and stick to movies/sports/whatever.

    This is a nation of disgusting hypocrites.

    July 7, 2010 at 3:21 pm | Report abuse |
  3. Jimii

    I am sick of this Lebron stuff! I live in Ohio and would love to see him stay in Cleveland. As a diehard Browns football fan Cleveland needs a winner – but he is only an athlete. We live in a lopsided world filled with reality tv, overpaid athletes, and values that are crazy. gee, get over yourself dude, hopefully he's signs with Cleveland but a LEBRON WATCH! Man, if he finds a cure for cancer or plugs that terrible oil leak then he's worth the attention but otherwise – please move on with the news headlines!

    July 7, 2010 at 3:22 pm | Report abuse |
  4. Texas Pete

    What a crock of S**t. Nobody watch this. He is just being a jack***. I hope he signs up and breaks his ankle the first game.

    July 7, 2010 at 3:23 pm | Report abuse |
  5. Dar

    When you have as many championships as he does, this frenzy is bound to happen. Oh wait...

    July 7, 2010 at 3:25 pm | Report abuse |
  6. Jason

    Seriously dude, it is Windhorst not Wyndhorst and PDcavsinsider not Dcavsinsider. Nice to see you taking pride in what you publish.

    July 7, 2010 at 3:27 pm | Report abuse |
  7. Steve


    July 7, 2010 at 3:27 pm | Report abuse |
    • Lebron lover

      That's just dumb. He graduated high school. It's college he didn't go to. If you're going to have terrible comebacks, at least use facts and write your sentences in a grammatically correct way.

      July 7, 2010 at 3:34 pm | Report abuse |
    • Jason

      Hey Queen Lover, he had his high school records doctored, just so he could "graduate!" He didn't care about an education, hell he's illiterate!

      July 7, 2010 at 5:54 pm | Report abuse |
  8. Rychard

    I thought the NBA folded 10 years ago?

    July 7, 2010 at 3:28 pm | Report abuse |
  9. Robo of LA

    This sucks! So what . .who cares where he goes besides Cleveland? He such a hype hound with the pregame posing crap. Just grow up and get it over with. One thing about Kobe . . .he's all about the business of winning! No hype, no staged production. He plays basketball . . .thats what it about!!!

    July 7, 2010 at 3:31 pm | Report abuse |
    • Vuvuzela

      Funny, the same thing was said about Kobe six years ago, but we added 'rapist' to the insults we hurled at him

      July 7, 2010 at 3:43 pm | Report abuse |
  10. Enough?

    Remember Obama, who, as we know loves basketball, said, “I do think at a certain point you've made enough money”. I wonder if Obama thinks Lebron has made enough money yet? If so, any additional money Lebron makes should go to whom? Has Obama made enough money yet? Oprah? You? Me?

    July 7, 2010 at 3:34 pm | Report abuse |
    • Jason

      I've had ENOUGH of you!!

      July 7, 2010 at 5:53 pm | Report abuse |
  11. Amy

    I think that sports athletes are over publicized and over paid. I can think of alot more that I would rather read about in the news than who a sports athlete is going to play for and how much money they are going to make. I can think of alot of other things in the world that we can focus on and where the millions of dollars can go they get, for instance today's unemployment and Catastrophe's that are happening all around us. What's happening with people caring about what is going on in the world than in the lives of people that make too much money?

    July 7, 2010 at 3:35 pm | Report abuse |
  12. So What

    So I wonder where he is going to play after this new contract is up. Maybe teams can start plotting now to get ready in the next 5-6 years.

    July 7, 2010 at 3:36 pm | Report abuse |
  13. mif991

    Lebron is not overpaid. He deserves every penny. He is a great athlete and one of the best today. But he is definetely over-hyped by the marketing team he carries around. Until he wins a ring, he is just another fine athlete who dominates the sporting news. I heard somewhere that the Globettroters will sign him up on Thursday. They win 99.99% of the time, they are flashy and Lebron hates to acknowledge the other team when they win, and I am sure they will not allow anyone to dunk over him.

    July 7, 2010 at 3:37 pm | Report abuse |
  14. GH

    Lets run this "special" along side shots of our American war heros w/o their limbs and the gulf coast folks along side their now crushed age-old family businesses.

    July 7, 2010 at 3:39 pm | Report abuse |
  15. Kobiyashi

    Kobe is still the best.

    July 7, 2010 at 3:42 pm | Report abuse |
1 2 3 4 5 6 7 8 9 10 11