LeBrononomics: How income taxes factored into Lebron James decision

by Bruce Tyson
Helium
Jul. 11, 2010

Dan Gilbert, owner of the Cleveland Cavaliers called the decision by LeBron James to sign with the Miami Heat a “cowardly decision.” Since when does hanging on to an extra $12 million to $25 million constitute cowardice? To financial analysts (and most likely to LeBron) the “no-brainer” decision to head for Florida makes good business sense.

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