Social Feed

I can't help but notice that Beckham came to the USA for the big money. What does that say? I'm not missing the point, my point is that the money is here in the USA. Endorsements are where the money really is, and those endorsements spread world wide from here, and winning NBA CHAMPIONSHIPS! An extra $30M is peanuts if you're giving up $50M in endorsements. I'll say it again, winning NBA CHAMPIONSHIPS will bring you more world wide fame than playing and winning European championships. Ask Michael Jordan the next time you see him, he'll set you straight. You are just arguing for the sake of argument.

Paul Wozniak said:

I can't help but notice that Beckham came to the USA for the big money. What does that say? I'm not missing the point, my point is that the money is here in the USA. Endorsements are where the money really is, and those endorsements spread world wide from here, and winning NBA CHAMPIONSHIPS! An extra $30M is peanuts if you're giving up $50M in endorsements. I'll say it again, winning NBA CHAMPIONSHIPS will bring you more world wide fame than playing and winning European championships. Ask Michael Jordan the next time you see him, he'll set you straight. You are just arguing for the sake of argument.

Click to expand...

No...he came here because he had already owned Europe. He was already recognized world wide and the ONLY country where soccer is not the end all be all sport. And did you see how is contract is structured? I guess not. Because of salary restrictions, he signed a 'personal service contract' to THE OWNER, not the team.

Leiweke refused to discuss the details of Beckham's deal, but league sources confirmed that Beckham's guaranteed salary will be around $50 million over the entire five-year length of the contract. That's hardly chump change, but it's still less than the salaries of a lot of U.S. sports stars.

Nor will Beckham's salary bankrupt MLS. Per the league's new designated-player rule, MLS's owners (who otherwise share the costs for all player salaries) only have to contribute $400,000 a year for each of the league's 13 designated-player exceptions. (Right now Beckham is the only one.) The rest of Beckham's salary comes from Galaxy owner Phil Anschutz. The result: Anschutz is on the hook for around $48 million guaranteed with Beckham, while MLS owners only have to pay $2 million. Don't worry about Uncle Phil's ability to pay: He has a net worth of $7.8 billion, according to Forbes.

There is more to Beckham's deal than the guaranteed salary, however. Beckham will also earn 40-to-50 percent of Galaxy jersey sales and an undisclosed share of ticket revenues. And that's not all. "There are certain aspects of the deal that are ultimately about the upside value of the league as a whole that David can participate in," says Leiweke. "Our partners all had to sign off, and they did. We had a couple of interesting board calls, but they did."

Long story short: Beckham may or may not earn $250 million over the next five years, but the majority of his income will continue to derive from endorsements and not from the Galaxy or MLS. From my perspective, it's a shame that the phrase "$250 million contract" became gospel in the media, because it's terribly misleading and just not correct.

In any case, Leiweke feels confident about the agreement. "This is an economic deal that makes sense for everybody," he says, and as long as Beckham doesn't suffer a serious injury or become a total bust on the field, I'm inclined to believe he'll be worth the investment.

Click to expand...

SI.com - Writers - Grant Wahl: The truth about Beckham's new contract - Wednesday January 17, 2007 9:01AM

salsadancer7 said:

No...he came here because he had already owned Europe. He was already recognized world wide and the ONLY country where soccer is not the end all be all sport. And did you see how is contract is structured? I guess not. Because of salary restrictions, he signed a 'personal service contract' to THE OWNER, not the team.



SI.com - Writers - Grant Wahl: The truth about Beckham's new contract - Wednesday January 17, 2007 9:01AM

Click to expand...

So are you saying the $$ is not here?

Paul Wozniak said:

So are you saying the $$ is not here?

Click to expand...

Oh, there is plenty of money here....the issue is, over there, they wouldn't have a cow if someone gave him that money NOR is there a salary cap to deal with. Look at the cow people had with the Beckham contract...not knowing full knowledge of what the contract consisted of.

Oh boy...even MORE fuel to the fire!!!

This, however, was the first time that James had entered the building with the locals having legitimate reason to believe their future savior was setting foot in his future home. The game came four nights after the Knicks made two major trades that set the course for the future direction of their franchise, clearing $27 million of salary cap room for 2010-11 when they traded away Zach Randolph and Jamal Crawford.

"July 1, 2010 is probably going to be one of the biggest days in free agent history in the NBA, a lot of teams are putting themselves in position to get one of those guys, they're gearing up for that date," James said before spewing the requisite background quasi-disclaimer on how having the opportunity to win the most championships will ultimately be one of the major deciding factors when he chooses to move on with his life or stick with Cleveland as the center of his universe.

"I don't know. We'll do our best to win it this and next year. Like I said, July 1 is a big day. I know that. I can't sit here and say I don't know how big July 1 of 2010 is, it's going to be a big day, but for me to give to an answer of whether I'm staying or not, or where I'm going or playing, I don't know."

Click to expand...

ESPN - Daily Dime: LeBron looks comfy in New York - NBA

Now to not say, "Look, I want to stay in Cleveland and it would take alot for me to leave..." or something to that extent, says alot.


Then there is this story that came out BEFORE the Knicks game...it is very good and it is in agreement with me, Cleveland has a SLIGHT edge over NY in keeping him, I think a definate MUST READ, especially for HDD:

[/QUOTE]He doesn't know what he's going to do. So how can anyone else?

I've had several conversations with LeBron about his future, and I can tell you that anyone who says he's definitely leaving Cleveland doesn't know what he's talking about.

"It's not a foregone conclusion that he's leaving,'' a person close to LeBron said. "It's premature to make that assumption.''

Money probably won't play much of a role in LeBron's decision because he'll obviously be filthy rich no matter where he goes. Cleveland can pay him the most, roughly $133 million over six years, while everyone else can offer about $102 mil over five. And contrary to popular opinion, LeBron does not get more money from Nike if he plays in New York. That clause in his contract expired after his rookie season.

While as many as 18 teams could have major cap space, my gut feeling is that LeBron is going to either stay in Cleveland or leave to resurrect the Knicks.

Sure, he's boys with Jay-Z, but now that the Nets' move to Brooklyn is postponed until at least 2011 (if it ever happens), their chances of landing him appear ruined. Detroit? San Antonio? Why leave Cleveland to go to those markets? I guess Chicago, Dallas, Houston and Miami can't be written off, but I still think it's a two-team race, one that ultimately will be determined by these two things: legacy and lifestyle.

LeBron knows he's not competing against only Kobe, Dwyane Wade, Boston's big three and the rest of the league's stars; he's got to approach Jordan. That obviously takes plenty of titles. One, two and maybe even three, won't do. So, in 2010, what team is going to give him the best chance to win ring after ring after ring?

But Jordan didn't just win championships. He built a dynasty from scratch. That's the mentality LeBron was raised with by his coaches in Akron -- that you have to build something to have a legacy.

LeBron has built Cleveland into one of the league's elite teams -- without another star alongside him. If he's able to win a championship within the next two years without a major change to the roster, that will be more impressive than any title that Kobe has won, since Zydrunas Ilgauskas is not exactly Shaq (or even Pau Gasol).

One of the greatest arguments for Jordan's Top Dawg status is that his supporting cast, while a perfect fit for him, was less star-laden than other dynasties have been. Winning with what he had was more impressive than Magic's winning with Kareem and James Worthy or Bird's winning with Kevin McHale and Robert Parish. LeBron may be on that same track in Cleveland, with even less help.

Some believe a Cavs title by 2010 will make LeBron even more likely to leave since he'll be able to say, "Mission accomplished. I've brought my hometown a championship.'' But will he want to leave a proven winner -- especially if Cleveland has the cap room to add Chris Bosh, Amare Stoudemire or Yao Ming -- for the unknown?

Of course, the Cavs don't own the legacy argument. If LeBron brought titles to New York, which is going on 36 years of NBA championship withdrawal, he would become the savior/kingpin of the nation's biggest city. The league's largest market, which likes to call itself "the basketball capital of the world'' (even though it's not even close at the high school, college or pro level these days), would finally truly be the mecca again.

What makes the Knicks major players here is the ability to sign a second star. LeBron was never going to New York to play with a bunch of scrubs. But going there with say, Bosh, would position him to contend for a title in Year 1. Such positioning is an absolute must for him to move.

All in all, I'd give the Cavs a slight edge basketball-wise, especially if they win a title in the next year or two and are able to keep all that cap room. A longtime friend of LeBron's is convinced he's staying in Cleveland.

"He loves home,'' the friend told me yesterday. "That dude is a homebody more than people know. People think he's out all the time, but he'd be so happy to be at home.''

But it may come down to the issue of lifestyle.

"He's obsessed with living in New York,'' another friend told me recently.

LeBron is a fashion plate, and what better place to show off your wares than New York. He clearly likes the limelight and the Hollywood scene, so playing in front of the Garden's famous actors, actresses, athletes, rappers, et al would undoubtedly appeal to him. Also, some of the people around LeBron would rather see him in New York, where they believe he's more marketable, than in Cleveland.

Two years is a long way off, and all sorts of things can happen between now and then -- new developments will continue to reshape the league between now and July 2010. The Cavs could win two championships and the Knicks could play so poorly that they scare folks off. Who knows?

So it's too early to definitively say anything. Except this:

Even LeBron doesn't know what he's going to do yet....[/QUOTE]

ESPN - LeBron James leaving the Cleveland Cavaliers isn't a foregone conclusion