James’s Departure Might Mean $250 Million Drop for Cavaliers

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LeBron James’s departure might mean more losses for the Cleveland Cavaliers than those on the court.

James, a two-time Most Valuable Player at the age of 25, will become the NBA’s most coveted free agent on July 1. The franchise value of the Cavaliers would fall should he leave his hometown team, perhaps by as much as $250 million, according to former basketball executives.