King Size Influence
by Jim Vickers | Nov. 26, 2007 | 5:00 AM
[Prior to LeBron,] the team was for sale for a couple years. ... At that point, the franchise was valued at maybe $180 million or $200 million tops, and there weren’t really any buyers. LeBron comes in and within a year this franchise is sold for $350 million. There were 31 sellouts last year, an all-time record. ... It does trickle down.
And Dan Gilbert will tell you, as he does in the book, that probably the reason Quicken Loans will be able to ride out this mortgage crisis, along with his being a smart business guy, is the fact his company is in such a dominant position thanks in part to owning the Cavaliers. ... It’s not all LeBron, but it’s the swirl around LeBron that happens when you have a once-in-a-generation type player. Other than maybe Jim Brown, when I was a kid in the ’60s before this media age, we’ve never had a player like this on any of the teams here.
Is there another player in the league who has had such a global reach?
[Michael] Jordan did. Jordan is still the gold standard for any athlete anywhere. And they’ve all been looking for the next Jordan ever since. LeBron is the closest thing to Jordan in terms of marketing.... The other thing is he does transcend race, like Michael. People are attached to him and drawn to him and it comes naturally to him.
I’m not saying he’ll spend his whole career here. I do know he’s happy here. He wants to learn. He wants to work for a coach he respects. He wants to think the owner cares. ... Things in sports can change. But four years into it with this kid, it’s pretty amazing.
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