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T.I. Dec 13th
WDKX.com » Blog » LeBron James - European Player
Aug 6th 2008 5:18 pm
LeBron James - European Player

Jay-Z and the New Jersey Nets? Mike D'Antoni and the New York Knicks?

Heck, the Cleveland Cavaliers' strongest competition for LeBron James' long-term services could be the deep-pocketed new kid on the block -- Europe.

A person close to James said Tuesday that the Cavaliers' superstar would strongly consider playing overseas if he was offered a salary of "around $50 million a year."

James' current contract expires after the 2010-2011 season, but he can opt out after the 2009-2010 season, and while several NBA teams are working to create salary cap space for his impending free agency, none could offer a contract beginning at even $20 million a year.

The Russian team CSKA Moscow and the Greek team Olympiacos, which recently gave Josh Childress a contract approaching $30 million over three years, have already contacted James, according to the person close to him. The person added, however, that no monetary or contractual discussions have taken place.

While $50 million a year seems outlandish, it is within the realm of possibility, considering the reported $250 million contract David Beckham received two years ago to join Major League Soccer, the $33 million Michael Jordan was paid by the Chicago Bulls for the 1997-98 season, the strength of the euro in comparison to the dollar, and the fact that European clubs are not bound by a salary cap.

While several NBA players have left the league this summer for more lucrative contracts in Europe, no stars have done so -- or even considered it. Joel Litvin, the NBA's president of league and basketball operations, said the league is not concerned about this developing trend.

"I don't want to say it's much ado about nothing, but we think it's overblown a bit," Litvin said. "It's not something we're losing sleep over. "

But losing a player of James' magnitude would be nothing short of a nightmare for the NBA.