LeBron James Signing Moves $100 Million To Cleveland From Miami

Source: Forbes

LeBron James has signed with the Cleveland Cavaliers, his first NBA team, after four seasons and two titles with the Miami Heat.

Upshot: The Cavaliers are worth $100 million more and the Heat $100 million less.

Just for the moment, put aside luxury suite rentals and arena sponsorships and focus on television. The Cavaliers currently average about $25 million a season from Fox Sports Ohio. But that deal was signed before James left and ends in two years. Ratings for the Cavaliers tanked after James left.

A new cable deal, with James and the much higher ratings, will average at least $40 million a year. Applying a multiple of five to the discounted future value of that revenue stream would add $100 million in value to the Cavaliers.

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