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. bajalover

    Hey LeBozo, stop believing your own hype!!!!! I am a Laker fan who has been rooting for you to when a championship but now I know, you will never win a Championship. In fact you will never get to a championship. The mighty have fallen and now it's your turn. Can't wait to see what kind of trouble your going to get yourself into. Remember these names:

    Vick, Taylor, Irvin, Lewis (who by the way should be in prison) and beware.

    July 7, 2010 at 3:42 pm | Report abuse |
  2. Morgans

    He signed with Miami. What a surprise...

    July 7, 2010 at 3:57 pm | Report abuse |
  3. LOL

    A couple of you either need a chill pill, a tranquilizer, a stiff drink or A JOB. These back and forth comments are hilarious at best, and boy are you being productive with your day to be able to respond to every freakin' comment (NOT). Get a life and quit acting like the outcome of where LeBron goes affects your life in the least.

    July 7, 2010 at 4:07 pm | Report abuse |
  4. HoopsMaster332

    If he was so "charitable" he would just send out a press release, don't dog 'n pony the TV and other media airwaves and just flat out donate 10% of his monster salary to the Boys and Girls Club organization. This hype from the media just drives their egos and salary demands to a point where no one with less than a six figure income will be able to afford a ticket inside the arena to see them. $20 million a year is $243,902 and change per game. A paltry $200,000 per game if all four playoff series would go seven games and his team of choice makes the finals. If the media would put 1/10th of the pressure and focus on the oil issue in the Gulf of Mexico, it would have been stopped or capped two months ago and BP could sell gas for under $2 per gallon with all the oil they would have in their tanks! Get a life people. Like it will make any difference whether LeBron plays in Cleveland, Miami, Chicago, or the European League! The ticket prices will still go up next year.

    July 7, 2010 at 4:11 pm | Report abuse |
  5. MannyMo

    So, he's going on National TV to give the finger to all teams trying to pursue him, to say he's staying in Cleveland? OR to give Cleveland the finger that he's not staying there to never win a championship??? Freakin ridiculous. He likes theatrics and show biz, maybe he should go to Los Angeles.

    Someone said, pretty arrogant for a guy who's never won a ring. Now I hope he DOESN'T go to Chicago. We don't need that kind of Ego.

    But I'll be lined up with the other idiots, waiting until 8pm CST Thursday waiting to hear where he will go. Will he say right away, or will we have to wait 59 minutes and 56 seconds to find out??????

    July 7, 2010 at 4:27 pm | Report abuse |
    • Vuvuzela

      With that kind of 'ego' I sure hope he comes to New York. Obviously the lesser cities are not equipped to handle a star of this magnitude like NYC is.

      July 7, 2010 at 4:38 pm | Report abuse |
  6. Mister Smileyface

    Wow! Where does all of this entrenched anger and bitterness come from? LBJ isn't a thug. He's an exemplary young man who handles his fame with class and grace and dignity.

    Maybe some of you should step away from the keyboard and find some joy in your life before you fall down under the weight of your crushed dreams. Find something that you love to do as much as Lebron loves to play basketball. You don't have to be as good as he is, but if you are passionate and dedicated, you might reach the point where you no longer have to disparage other people's successes in a thinly-veiled attempt to make yourself feel significant.

    "The world is so full of a number of things / I'm sure we should all be as happy as kings." – Robert Louis Stevenson

    July 7, 2010 at 4:36 pm | Report abuse |
    • Panther

      Well said! Thanks for saying this. I was about to write the same kind of comment. Peace.

      July 7, 2010 at 8:55 pm | Report abuse |
  7. Nets Fan

    I'm a Nets fan and I hope he stays in Cleveland. I think this whole thing is really silly. Is Obama going to address the nation as well on this?

    July 7, 2010 at 4:51 pm | Report abuse |
  8. Hawkeye

    He's staying Cleveland. He told me.

    July 7, 2010 at 5:17 pm | Report abuse |
  9. Kevin S

    Kinda hoping he leaves Cleveland. I rather miss the floundering suckiness of obscurity of the Cavs of old. At least my hopes won't be squashed when the league's best team loses in the palyoffs.

    July 7, 2010 at 5:38 pm | Report abuse |
  10. me

    get that MONEY

    July 7, 2010 at 5:56 pm | Report abuse |
  11. joe babble

    Im wondering where my next meal is coming from!!!

    July 7, 2010 at 5:57 pm | Report abuse |
  12. Morgans

    Atleast he has a job, unlike 9.6 million Americans......hahahaha...Sarcasm.

    July 7, 2010 at 6:20 pm | Report abuse |
  13. gary

    Labron is one of the best in basketball.Some say who cares.When you see this man shoot a half court shot
    over a defender,at the buzzer and make the shot to win the game,I would have to say about 40,000 fans,and
    another 40,000 who spill there beer jumping off the lazy boy.Thats who cares.......

    July 7, 2010 at 6:41 pm | Report abuse |
  14. Kenny S. / Texas

    Somebody kill me already. Lets get this stinkin show on the road and tell us what team your going to play for.

    July 7, 2010 at 6:42 pm | Report abuse |
  15. atti

    When I grow up, I want to be like him.

    July 7, 2010 at 6:50 pm | Report abuse |
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