How Much LeBron James Cost Cavaliers

Six years ago, Quicken Loans founder Dan Gilbert bought the Cleveland Cavaliers for $375 million. If Gilbert wanted to sell it today, one sports investment banker, who requested anonymity because he helps clients buy and sell sports teams, told CNBC that Gilbert could get about $275 million for the team. The price Gilbert agreed to pay in January 2005 was undoubtedly boosted by the fact that hometown boy LeBron James, then in the middle of his second season, was helping to fill up the arena on a regular basis. James was worth plenty to Gilbert over the next 5½ seasons, as average per game attendance was never lower than 18,000 fans per game.

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St. Louis Cardinals and Albert Pujols: It Could Be Over

The clock is ticking for the the St. Louis Cardinals to get an extension done with Albert Pujols. Reports are that Pujols and the Cardinals are way apart on negotiations and there is a good chance for no deal. Pujols is due in training camp on Feb. 16 and he has set a deadline on this day for a deal to be done. Rumor is Pujols is looking for a contract like Alex Rodriguez’ 10-year, $275 million the New York Yankees. Read more at: http://wp.me/p1gkax-Rn

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