King James, as he is known, has made headlines across the world by signing for the LA Lakers in an incredible deal. LeBron has left his hometown team, Cleveland Cavaliers, for LA on a contract worth $154m over 4 years.
LeBron became a free agent at the end of the 2018 playoffs, which Cleveland lost in 4 games to Golden State. He opted to move to LA Lakers in a move which will be better received than the first time he left Cleveland in 2010. This is because King James helped end Cleveland’s 52-year wait for a professional sports title. It is reported that LeBron wasn’t happy with the direction of the Cavaliers and also wanted to move to LA for the sake of his other business interests.
LeBron secured a deal worth $154m over 4 years. To break that down, that is $38.5m a year, $3.2m a month and $800k a week roughly. With his other endorsements with brands such as Nike, Sprite and Beats by Dre earning James an estimated $55m a year, he is well on the way to earning over $100m a year.
In comparison, here is what the highest paid sportsmen in the world made in 2017 (source: NY Post):
1) Cristiano Ronaldo – $93m
2) LeBron James – $86.2m
3) Lionel Messi – $82m
4) Roger Federer – $64m
5) Kevin Durrant – $60.6m
How will LA Lakers perform with one of the greatest basketball players of all time joining their ranks? While they are 2nd only to Boston Celtics in all-time NBA titles, their recent seasons have been average at best. They finished 11th in the Western conference so they have a big job on their hands to get near an NBA title.
The bookies clearly think LeBron will have an impact as the Lakers are 5th favourites for the NBA title next season. SkyBet has them price boosted at 10/1. However, that is still a long way off the 8/15 you will get for current champions Golden State Warriors.
LA Lakers to win NBA title – 10/1
Over 52.5 wins in the season – 8/11
LeBron James 2019 MVP – 3/1