When Lebron James retires from the NBA, the champion actually has no intention on leaving the NBA. Allow us to explain.
During a recent podcast interview with Uninterrupted’s “Open Run,” the Cleveland Cavaliers player revealed he wants to own his own team.
“My dream is to actually own a team. I don’t need to [be] fully hands-on. If I’m fortunate enough to own a team, then I’m going to hire the best GM and president that I can,” he said. “But I feel like I got a good eye for not only talent, because we all see a lot of talent, but the things that make the talent.”
He added, “The chemistry, what type of guy he is, his work ethic, his passion, the basketball I.Q. side of things. Because talent only goes so far.”
According to reports, there are rumors that James would be interested in buying the Cavs, which is valued at around $1.1 billion.
LeBron also opened up about his thoughts on NBA teams having a mega squad — without specifically referencing The Warriors. “You look at Fortune 500 companies, and you look at great CEOs — they don’t go hire a CFO that’s 50th on the chain,” he said. “They go hire the No. 1 guy. They go hire the No. 1 guy. It’s like, they all go hire the best guys because, listen, they know those guys are going to help them be successful. It’s different how it’s portrayed in our sport, which is fine, because I love the competition.”
If all plans out accordingly, LeBron wouldn’t be the only former superstar taking on his own team. Michael Jordan owned a small portion of the Charlotte Bobcats after the 2005-06 season. In March 2010, he became the NBA’s first African-American majority owner (and the only former NBA player to own a franchise).
Former Lakers star Shaquille O’Neal is also the minority owner of the Sacramento Kings, sharing less than 5% of the team.