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8/2/08
LeBron James Could Be Offered $40-50 Million By Greek Team Olympiakos In 2010
How Much Money Would It Take To Get LeBron To Go To Europe?
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NBA
Since Josh Childress decided to sign with the Greek team Olympiakos, there have been a lot of questions about would other players follow his example? Right now, there are a handful of NBA guys that either have signed with European clubs or are considering it, but all are non-superstar players.

That could soon change.

The 2010 NBA free agency class is going to be one for the ages. LeBron, Chris Bosh, Amare Stoudemire, Dwayne Wade, and Dirk Nowitzki can all opt out of their contracts that year and test the waters.

But the one problem is that there will of course be a limit to how much money they can get.

However, in Europe, there is no limit. And speculation is that Olympiakos could offer LeBron somewhere in the range of $50 million a year to come play for them. And that's a bottom line total. Meaning the team would take care of the majority of James' taxes and living expenses.

That is, quite literally, ridiculous. Because even if you have a max NBA contract in the range of $20 million a year, you'll still lose half of that to taxes. Imagine being told we'll give you $50 million AND cover your taxes on it.

Now, you may be wondering how on earth can a team do this and still make money? Well, they can't. But that's hardly a problem. The Aggelopoulos brothers, the young billionaires who own Olympiakos, don't care about making a profit. Their goal is simply to win and make a splash in the process.

Now, I can't actually see LeBron doing this, even though a cool $50 million is incredibly tempting. LeBron already makes a ton of money in endorsements, so although $50 million is nice, it's not exactly the end of the world if he doesn't get it.

But think about someone like Amare, Bosh, or even Wade. They don't make as much in endorsements as LeBron, so that $50 million would suddenly become awful tempting.

It's my opinion, that at some time in the near future, we will see this happen. Again, I don't think it will be LeBron, but I think some European club will indeed break the bank to bring a real NBA All-Star - in his prime - over to Europe.

How much will that affect the basketball world as we know it? In all honesty, I don't know. It could ultimately cause the NBA to combine with the EuroLeagues to form a worldwide league, or it could simply be a flash in the pan. Either way, it'll be fun to watch.
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