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November 26, 2008
It's a Two-Team Race for LeBron James in 2010
the nba from the cheap seats
An unvarnished look at the respective chances of those teams vying to land LeBron James in 2010 includes this evaluation of the boys from Brooklyn, er, Jersey.
-- FORGET ABOUT IT --
The New Jersey Nets
...Why They Could Get LeBron: Bruce Ratner, the majority stakeholder of the Nets, wants to move the team to Brooklyn, the hometown of Jay-Z, a minority stakeholder of the Nets and a close friend of LeBron's. Brooklyn gives LeBron access to New York City, the biggest media market in the NBA. He has even said his favorite city in the world is New York, but his favorite borough is Brooklyn, not Manhattan.
Why They Won't Get LeBron: Because everything in the preceding paragraph is a big, steaming pile of crap. The Atlantic Yards project is so mired in legal problems that it'll be lucky to begin construction in 2010. The eminent domain case against Atlantic Yards, filed by the residents of Brooklyn, won't reach a decision until March 2009, at which point the petitioners will of course appeal and drag out the process even more months. Moreover, Bruce Ratner is a real estate mogul, not a sports owner. He cares a lot more about making sure his $4 billion real estate project is completed than he does about putting LeBron in a Brooklyn Nets uniform. In fact, he has been trying to sell the Nets for the past year due to the mountain of financial losses the team takes every year.
...And Jay-Z? How many times has he been at Madison Square Garden for the Knicks this year? He probably has season tickets. Now when was the last time you saw Jay-Z at the Izod Center watching the Nets? 2006? 2005? The New Jersey Nets are not moving to Brooklyn. If anywhere, they're much more likely to move into the Prudential Center with the Devils in Newark. Even if Ratner does keep them, they're not going to have an arena ready until 2012. If Jay-Z won't go into Jersey to watch his own team, why would LeBron waste two years in the swamp?
Posted by eric at November 26, 2008 8:29 AM