Saturday, March 29, 2014

Is LeBron James jealous of Miguel Cabrera's massive contract extension?

LeBron James vs Washington 3-30-11.jpg

Like the rest of the sports world, LeBron James took notice Thursday when the Detroit Tigers announced their pact with slugger Miguel Cabrera regarding a contract extension that will pay him $292 million over the next decade.

Naturally, a deal of this magnitude typically sends shock waves around the world. It's a massive contract that shows a ton of financial investment by the Tigers into one player.

When asked about Cabrera's new deal, James couldn't help but admit he was a little envious.

“I wish we didn’t have a salary cap,” he said, adding that Cabrera was fully deserving of his rich new deal. ”He’s the best player in baseball, and the best players in each sport should be rewarded,” the four-time NBA MVP said. “It’d be nice to sign a 10-year deal worth $300 million.”

For those of you doing the math at home, Cabrera's deal will pay him roughly $31 million per season over the next 10 years. Conversely, James will earn just south of $20 million this particular season. The NBA's salary cap is in place to help guard big market teams from outbidding one another for a superstar's services. Otherwise, James could very well demand $40 million per year on the open market (with no salary cap).

With that being said, James knows full and well that he need not worry much when it comes to money. Aside from his playing salary, James earns a significant amount on the side in endorsements deals and such. So don't feel too sorry for the big guy.

Via For the Win

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