So, I am overjoyed that NBA star Lebron James picked the Miami Heat to be his new home. I am a big Miami Heat fan and I know his addition to the team will be awesome. Full disclosure: I live in South Florida. heheh!
Wallet Pop had an awesome article detailing how James’ move to Miami may also save him $25 million in taxes. Florida has no state income tax. Yay!
From Wallet Pop:
Assuming that James took just under $17 million from the Heat (which is probably pretty close to accurate), he would pay no state income tax, leaving him with the same $17 million. If he had gone to New York, even if he nabbed an additional $1.5 million (as the salary difference has been speculated),
I’ve been impressed with the way that James has carried himself as a professional athlete. It’s never easy to leave your first job, but I’m so glad that he is ready to break out and try new things. Also, if it’s true that he considered the tax breaks when choosing a team, my heart is fluttering.
I’m naming James a Frugalisto!
So what do you think about James moving to the Miami Heat? Was he disloyal to Cleveland? Was it perfect timing? Will he be the next Scottie Pippen? Will the Miami Heat go all the way next year? Is James’ girlfriend going to be a cast member on Basketball Wives now?
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{ 8 comments… read them below or add one }
I am happy for Lebron! Many (including me..ie. The Bulls) would have loved for him to be an addition to their teams’ roster. However, ultimately he did what was best for him and he values his happiness and dreams to win. Is it selfish?..maybe. Disloyal..NO! Staying with your first employer for an extended time in this day in time is rare, so why is it considered DISLOYAL because he has a profession that offers millions. We only live once, make the most of every opportunity! Lebron is on the pursuit of happiness and all that comes with that. We all can learn a lot from his decision to go to Miami. He could have earned more money in Cleveland, but his desires ultimately won. I wish him the best in Miami!
@Tomeiko I couldn’t have written it any better myself! Free Lebron!
It was probably time for him to roll out of Cleveland. I’m down for loyalty to self. I just wish he had went somewhere else. We’ve went from asking “Next Jordan?” to “Next Pippen?”
I wonder if D Wade will make Lebron kiss his ring.
@coco: You sound like a Bulls or Knicks fan.
I think people are conveniently forgetting that he was a FREE AGENT. He owes the Cavs nothing. He carried Cleveland for 7yrs, never asked for a trade and he never had any real help. Dan Gilbert is pissed cause his golden goose just flew the coop, that’s all. And after that tirade good luck getting another big-time free agent. LBJ has been in Ohio all his life. Time to win, time to branch out and leave home for a while. I’m not a big Heat fan despite being from South Florida, but it’s nice to see three FREE AGENTS who are friends all take less money in order to play together, win and be happy.
Steve, I would say that you read my mind, except you aren’t a big Heat fan! LOL! Love the comment!
Yeah he did nothing for 7 years and giid riddance and please say yay one more time, women are idiots and they do not know sports
Lebron is the best and his decision is his decision i am 16 and i play basketball my self and lebron is my favorite player so he made a good choice and he is satisfied with it so should everyone else.