It is funny that on the same week that the movie Despicable Me opens that Labron James decided to sign with a new team. The move, I hear (I will not see it until next week) is quite funny. The Labron James incident is just despicable on all levels.
-First, an hour long reality TV show on the decision on ESPN. This sort of self-serving TV episode should be banned by all major leagues in the future, even if all of the commercial profits go to charity.
-Second, the reaction by the Cleveland majority owner, Dan Gilbert. Losing people to other organizations happens to businesses of all levels. Sure, James is a big star and puts a lot of backsides in the seats of the Quicken Loans Arena. His jersey was one of the best selling and James brought a lot of money to his team in a lot of other ways. His loss will represent a loss of significant revenue to Gilbert and his co-owners. Gilbert is not the first owner of a major league-level team to loose a star player. He is not the first business person in America to lose a star player. Perhaps this is the biggest loss in business since Colonel Saunders lost Dave Thomas. But in the long run, both were better off.
Gilbert's reaction was self serving and his prediction was unfounded. When it was announced that Utah would join the PAC-10, I wanted to predict that BYU would win a Rose Bowl before Utah. But that would be silly because the Utes have the inside track as they are part of the PAC-12 and the PAC-12 feeds the Rose Bowl. Suddenly, the Miami Heat are are one of the top-3 teams in the NBA and could really beat the Lakers in a 7-game series. My advice is to the Cavaliers is trade away the remaining quality players, get a top-3 draft pick and hit the free agent market with a ton of money in 2011. They could be a contender again in 2011-2012. Yao will be the biggest fish in the pond next time.
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