NBA

Is this the real reason LeBron James returned to the Cleveland Cavaliers

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It was all that anyone was talking about on Friday, LeBron James has returned home and signed a deal with the Cleveland Cavaliers.

Next year he will be playing alongside the likes of Kyrie Irving and the number one overall draft pick this year Andrew Wiggins.

LeBron signed a four-year deal with Cleveland which is worth $20.88 million a year and for the first time in his career, become the highest paid player on the team.

So the chance to return home and a maximum contract on offer, there are plenty of benefits to returning to the Cavaliers for LeBron, but is there another that no-one knows about?

Well we all know just how much of a business man LeBron actually is and his desire to one day become a billionaire is fairly obvious.

Eight months ago LeBron met with Mexican billionaire Carlos Slim and then posted a picture of the two seeming very friendly.

Could LeBron now have the aim of being the worlds first ever, billionaire athlete?

It wouldn't be hard to imagine, in 2010 he bought a minority steak in Liverpool Football Club - a team who have an ethic of buying younger players to attempt to build successful teams.

Despite only being a minority stakeholder should Liverpool realise their dreams he will no doubt reap the rewards.

So is the chance to become a stake holder in the NBA next on LeBron's bucket list?

Well former Chicago Bulls legend Michael Jordan is a stake holder in the newly named Charlotte Hornets and earlier this year became a member of the billionaire's club.

So as his home team, could LeBron have an interest in purchasing a stake in the Cavaliers?

Well what if, as a way of luring basketball's best player back home, Cavaliers owner Dan Gilbert offered him part of his stake in the franchise?

Legal complications

Well it won't have happened, according to LA lawyer Shawn F. Matian of Matian & Moaddel: "Not only would it be against the salary structure/compensation provided in the CBA, you cannot be part of the labor union when you’re also an owner."

However, While Gilbert couldn't offer LeBron anything in the way of ownership as part of a player contract, nor could James become a stake holder whilst he is a player, is there another way to do it?

What about a gentlemen's agreement?

What if Gilbert simply gave LeBron his word on the offer?

We are unlikely to ever find out if there was any sort of deal like this between the two but its hard to see a business man like LeBron not wanting something else from the deal.

Topics:
Chicago Bulls
LeBron James
NBA
Michael Jordan
Charlotte Bobcats
Cleveland Cavaliers

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