This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 4 °C Sunday 19 January, 2020
Advertisement

No Championship, but LeBron did help the Cavs make a truckload of extra cash this season

The Cavaliers’ revenues are up three times what they’re paying the best player in the game.

LEBRON JAMES WASN’T able to win an NBA championship in his first season back in Cleveland, but his return boosted the Cavaliers’ revenue significantly.

NBA Finals Cavaliers Warriors Basketball LBJ shoots over Golden State Warriors forward Draymond Green during Game 5. Source: Eric Risberg

With James back on the team, the Cavaliers saw their revenue jump 45% this season compared to the 2013-14 season, according to Sports Business Daily.

That translates to an estimated 2014-15 revenue of $216 million, a $67 (€58.9) million increase from the season before, based on a 2013-14 revenue estimation of $149 million by Forbes.com.

NBA Finals Warriors Cavaliers Basketball Source: Paul Sancya

Of course, not all of that is profit since James carried a salary of $20.6 (€18.1) million. However, according to Spotrac.com, the Cavs’ payroll commitments in 2014-15 ($81.4 million) were only $15.2 million higher than the year before ($66.2 million).

While there were reasons to doubt the $500 million impact some touted for the city of Cleveland, the impact James had on the bottom line for the Cavs is undoubtedly real.

The Cavs finished second in the NBA in average attendance in 2014-15, compared to 16th the year before.

– Cork Gaines

Baseball player scores the worst ‘home run’ you’ll see this season

More success for Irish boxing, disappointment for Behan in Baku

  • Share on Facebook
  • Email this article
  •  

Published with permission from:

Business Insider
Business Insider is a business site with strong financial, media and tech focus.

Read next:

COMMENTS (3)