A king could help Las Vegas Strip NBA Dreams (thank you, thank you very much)
Newly anointed billionaire Lebron James is making it clear that he wants to be known as more than just a basketball player. The Los Angeles Lakers player has extended his mark to entertainment both as an actor in roles like “Space Jam 2” and a more famous turn alongside Amy Schumer in “Trainwreck.”
James has also built a big resume as a producer, most notably with his “The Shop,” an HBO series designed to recreate the conversations that take place in a barbershop. The athlete, arguably the second-best basketball player of all time behind Michael Jordan, now has his sights set on something only Jordan accomplished as a former player.
James, who is still playing and likely has at least two more years in the league, wants to own a National Basketball Association (NBA) team. He doesn’t have his sights set on the Lakers, or his former teams, the Miami Heat or the Cleveland Cavaliers.
Instead, he wants to be the man to take the NBA to a place it’s never been.
The NBA has its sights set on Las Vegas
The idea of having an NBA team – or really any professional sports league – in Las Vegas was an impossibility until a few years ago. That changed when federal law changed, allowing states to decide for themselves whether or not to allow sports betting. Once that rule was gone, more and more states added gambling, resulting in Las Vegas no longer being off-limits to professional sports.
Once the game became something readily available near a variety of professional teams, stopping teams from moving to Las Vegas became silly. Since then, the expansion team Las Vegas Golden Knights joined the National Hockey League (NHL) and the Oakland Raiders of the National Football League (NFL) also moved to Las Vegas.
This has brought a lot of NBA rumors to Sin City, as several NBA-ready arena projects have already been launched on and near the famous Las Vegas Strip. No team has actually negotiated with an existing or potential Las Vegas location (at least publicly), but the city remains an option for any team looking to relocate or expand.
It’s something NBA commissioner Adam Silver has dismissed as a possibility (at least for now)
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“We’re not discussing that right now,” Silver said at a press conference. “As I said before, at some point this league will invariably grow, but not right now.”
Lebron James wants to own an NBA team in Las Vegas
Jame expressed interest in owning a potential Las Vegas team in a preview for an upcoming episode of “The Shop.”
“I want to own a team… Yeah, I want to buy a team for sure. I’d much rather own a team before I speak. I want to own a team in Vegas. I want the team in Vegas,” James said in the video.
Buying a team alone might be unrealistic even given the size of James’ fortune. $1 billion, it seems, doesn’t go as far as it used to.
“The average NBA team is worth $2.58 billion,” Sportico reported.
An expansion team would likely cost at least that much, if not more, given the increase in franchise values across all major sports.
Silver said Las Vegas would one day be considered for an expansion team, according to The file.
“It’s on a list as we look to expansion, which it’s not right now but at some point Vegas will definitely be on the list,” he said. declared.
James’ path to ownership would likely be as part of a group the same way former Major League Baseball (MLB) player Alex Rodriguez takes over as co-owner of the Minnesota Timberwolves in partnership with the ex-Jet.com executive Marc Lore.