LeBron James has stated that in free agency this time around he wants a maximum salary deal. On the one hand, LeBron is clearly worth max money. He is currently the best player in the NBA and he brings value to a franchise as far as chances of winning a championship and marketing. However, given the restrictions of the NBA salary cap and LBJ’s desire to accumulate rings and build on his legacy, LeBron should be among the first to take a cut in pay and not the last.
As the saying goes, there is no “I” in team. Good luck winning an NBA championship alone. Do elite players deserve to earn more? Of course they do. But three, four, five, ten, twenty times as much? No, they don’t. Not when it hurts the team’s chances of building a successful team because one or two players eat up so much money towards the cap.
The LeBron James’ of the world, the Kevin Durants, and Carmelo Anthonys, they stand to gain the most from winning a championship. Both from a legacy point of view, and from a financial, marketing and endorsement point of view. They should be the ones making the financial “sacrifice” to bring in the pieces necessary to win. Not the other way around.
Recently it was reported that Michael Jordan’s net worth eclipsed one billion dollars. I don’t think former Bulls teammates, Horace Grant’s, Dennis Rodman’s or Toni Kukoc’s portfolio is anywhere close to that.
It’s not just his game, but the six rings Jordan’s teams won that have him spoken about (deservedly) as the greatest of all time and being on the Mount Rushmore of basketball. A place LeBron fancies himself being a part of. The winning (along with his MJ’s charisma) provided the platform for his success outside of playing.
It was only his last few seasons with the Bulls that Jordan finally became the highest paid player. Something he never made a fuss over or seemed to care much about. True, he was under contract, however, he could have easily held out. It is likely he saw the bigger picture.
Well, what is that worth to you LeBron? Sacrificing a few million a season off your playing salary now could mean:
- More money in endorsements
- Matching or surpassing Jordan in rings
- And a place on basketball’s Mount Rushmore later.
And by “sacrificing” a few million a season, you will still be making far more than most (if not all). And by winning more championships you’ll likely recoup that money in endorsements.
Star players shouldn’t think of taking less than a max deal as a sacrifice, rather as an investment that can pay monetary and personal dividends. LBJ took a little less to play with Miami these last four years; it is safe to say that investment paid off for him.
Today, Miami Heat President Pat Riley met and pitched Luol Deng. Deng is capable of being a key piece on a championship team. How much money is he going to make in endorsements if the Heat win again? Is he going to make the hall of fame? Be on Mt Rushmore some day? Cumulatively make money anywhere in the same zip code of LBJ? No, no, and no. So I don’t blame him if the report is true that he is not interested in taking a pay cut.
The other free agent players the Miami Heat were thinking about or have targeted, Kyle Lowry, Anthony Morrow, Trevor Ariza, etc. Who do you think the extra money is more important to?
Ten years from now how many people are going to remember that Mario Chalmers was the point guard for the Heat? We know LeBron’s family is going to be fine in ten years, players like Chalmers need to get what they can now.
If a sub marquis players wants to take a pay cut to live in a certain city or because they like their current team and want to give them a home team discount, that is always up to them. And if they wants to do it to win a championship? Great. But there should never be pressure on these players to do it. Let the legacy chasers take the cut.