LeBrononomics: How income taxes factored into Lebron James decision - by Bruce Tyson - Helium

LeBrononomics: How income taxes factored into Lebron James decision - by Bruce Tyson - Helium

Dan Gilbert, owner of the Cleveland Cavaliers called the decision by LeBron James to sign with the Miami Heat a “cowardly decision.” Since when does hanging on to an extra $12 million to $25 million constitute cowardice? To financial analysts (and most likely to LeBron) the “no-brainer” decision to head for Florida makes good business sense.