LeBron Tweet Takes Shot At NBA Owners

MIAMI (CBSMiami) – The NBA is a little more than one season removed from a brutal lockout that centered around a claim the team owners are not making money. But, the Sacramento Kings owners have agreed to sell the team for $525 million and that’s drawn the ire of Miami Heat superstar LeBron James.

The Kings were purchased by the Maloof family 15 years ago for $156 million. Since then, with a few years as an exception, the Maloof family has run the Kings franchise into the ground. The value of the franchise though has risen to the current valuation of $525 million.

That prompted James to tweet the following on Sunday.

“So the Kings getting sold for 525M!! And the owners ain’t making no money huh? What the hell we have a lockout for. Get the hell out of here,” James tweeted.

James’ point is that while the league owners who pushed the lockout claimed poverty and a loss of money, they didn’t address the massive increase in value of the respective teams.

For a comparison, when Heat owner Micky Arison purchased the Heat in 1988, the team was worth approximately $158 million. As of January 2012, according to Forbes, the Heat was worth roughly $457 million.

There is a chance the Kings sale doesn’t go through as Sacramento Mayor Kevin Johnson, also a former NBA star, is trying to get a group of buyers together to convince the NBA’s Board of Governor’s to keep the Kings in Sacramento.

  • http://www.footballnewspro.com/?p=21486 Numbers Don’t Favor Lakers – NBA.com (blog) | Football News Pro

    […] CBS Local […]

  • http://www.freenbavideos.com/nba/video/impact-of-derrick-roses-absence-espn Impact of Derrick Rose’s absence – ESPN | Free NBA Videos

    […] basketball and spearhead a playoff push for a team …Latest NBA Power RankingsBleacher ReportLeBron Tweet Takes Shot At NBA OwnersCBS LocalNBA scores: Lakers lose again, Nuggets squeak by ThunderSB […]

  • http://www.footballnewspro.com/?p=21629 Kobe And LeBron Top List Of The NBA’s Highest-Paid Players – Forbes | Football News Pro

    […] Kevin Durant making a strong early case to supplant LeBron James …OregonLive.comESPN -CBS Localall 68 news […]

  • http://www.footballnewspro.com/?p=21648 Forbes lists the NBA’s top earners, starting with Kobe Bryant – SI.com | Football News Pro

    […] Season's Midway PointBleacher ReportPower Rankings: OKC stays on topESPNOregonLive.com -CBS Local -NESN.comall 70 news […]

  • http://www.spoelstraheat.com/lebron-tweet-takes-shot-at-nba-owners/ LeBron Tweet Takes Shot At NBA Owners | Erik Spoelstra and Miami Heat

    […] Click here to continue […]

blog comments powered by Disqus
Connect With Those In Need
Weather Forecast 24/7

Listen Live