NBA Execs ‘Think’ Cleveland Is Most ‘Compelling’ Landing Spot For LeBron James

Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sector Sign up for the Breaking News US newsletter email Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, ⁠burying her in paperwork for aircraft-purchase agreements. The ⁠attorney, based in Cleveland, Ohio, attributed the rush to a handful ​of major “liquidity events” in the tech industry. The initial public offering (IPO) of Elon Musk’s SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7bn for the company and generated unprecedented employee and founder wealth. Continue reading...

The post Indiana Pacers To Sign Forward Kobe Brown To Two-Way Contract appeared on BitcoinEthereumNews.com. CLEVELAND, OHIO – APRIL 05: Kobe Brown #24 celebrates with Taelon Peter #4 of the Indiana Pacers during the third quarter against the Cleveland Cavaliers at Rocket Arena on April 05, 2026 in Cleveland, Ohio. The Cavaliers defeated the Pacers 117-108. (Photo by Jason Miller/Getty Images) Getty Images INDIANAPOLIS – The Indiana Pacers have agreed to bring back forward Kobe Brown on a two-way contract. Brown spent the last two months of the 2025-26 season with the Pacers after being traded to the franchise as a part of the deal that netted Indiana Ivica Zubac. Brown is eligible for a two-way deal since he has less than four years of NBA service time. He’s only been a pro for three years and had the fourth season of his rookie-scale contract declined by the Los Angeles Clippers last summer, which made him a free agent this summer. The Pacers were limited in what they could pay Brown,

The post Should The New York Knicks Sign LeBron James? appeared on BitcoinEthereumNews.com. LOS ANGELES, CALIFORNIA – MARCH 06: LeBron James #23 of the Los Angeles Lakers handles the ball defended by Josh Hart #3 of the New York Knicks during the first half at Crypto.com Arena on March 06, 2025 in Los Angeles, California. (Photo by Meg Oliphant/Getty Images) Getty Images In July of 2010 the sports world waited for a decision. When that decision was made the vast majority of people were enraged while only a few walked away from the television smiling. That decision made by LeBron James during his first round of free agency has reigned on as a monumental moment in the sports world. It doesn’t carry the same amount of gravitas this time around, but it is still a consequential decision that could change the trajectory of a lucky franchise. Those franchises were listed on a whiteboard during the “Game Over” podcast with Rich Paul. On the show, Max Kellerman and Paul went over the different

The post Celtics’ Jaylen Brown Trade Is Symptomatic Of A Larger Problem For The NBA appeared on BitcoinEthereumNews.com. Boston, MA – July 6: Boston Celtics principal owner Bill Chisholm and president of basketball operations Brad Stevens address the media on July 6, 2026. (Photo by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Boston Celtics president of basketball operations Brad Stevens and team governor Bill Chisholm met with reporters on Monday to discuss their perspective on their controversial decision to trade Jaylen Brown to the Philadelphia 76ers. Stevens was quick to point to the NBA’s collective bargaining agreement as the justification for the move. “When I looked at our team and where the league was heading, looked at the way that we’ve finished the last couple years and also looked at the unbelievable way we’ve played in the regular season in the last couple years, the path looked a little bit more challenging to me,” he said. “I might b

The post MLS’ Newest Billionaire Owner Thinks Investors Can Do Better Than Buying A Sports Team appeared on BitcoinEthereumNews.com. When the Buss family sold a majority stake in the NBA’s Los Angeles Lakers last year to private equity billionaire Mark Walter at a $10 billion valuation, it appeared to be a spectacular windfall for a franchise the late Jerry Buss bought in 1979 for $67.5 million. But in the context of a half-century of a booming economy, that performance isn’t so remarkable, billionaire wealth advisor Peter Mallouk points out. The compound annualized return of the Lakers investment comes out to 11.5%, compared with 12.4% for the S&P 500 Index from 1979 to 2025 (including dividends)—meaning the same $67.5 million could have instead grown to $16 billion, even if it wouldn’t have come with the thrill of courtside seats to the Showtime Lakers and 11 NBA championship celebrations. “If you were evaluating it purely as investment,” says Mallouk, the 56-year-old CEO of Overland

The post Indiana Pacers Agree To Sign Big Man Larry Nance Jr To A Contract appeared on BitcoinEthereumNews.com. CLEVELAND, OHIO – NOVEMBER 21: T.J. McConnell #9 of the Indiana Pacers shoots over Larry Nance Jr. #22 of the Cleveland Cavaliers during the fourth quarter at Rocket Arena on November 21, 2025 in Cleveland, Ohio. The Cavaliers defeated the Pacers 120-109. (Photo by Jason Miller/Getty Images) Getty Images INDIANAPOLIS – The Indiana Pacers plan to sign center Larry Nance Jr to a contract that approaches $4 million in value. More specifically, it’s a minimum-salary agreement between Nance and the Pacers. By virtue of being an 11-year veteran, Nance qualifies for the largest possible minimum salary in the NBA, which comes in at $3.88 million for the coming season. If he’s signed to a one-year deal, the Pacers will only carry a cap hit of $2.45 million, with the difference in those two numbers being reimbursed by the NBA. Nance, 33, spent last season with the Cleveland Cavaliers.

The post Donovan Mitchell’s $273 Million Extension Had Cavaliers In No-Win Situation appeared on BitcoinEthereumNews.com. CLEVELAND, OHIO – JANUARY 05: Donovan Mitchell #45 of the Cleveland Cavaliers smiles during the third quarter against the Charlotte Hornets at Rocket Mortgage Fieldhouse on January 05, 2025 in Cleveland, Ohio. The Cavaliers defeated the Hornets 115-105. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jason Miller/Getty Images) Getty Images On Tuesday, Donovan Mitchell became eligible to sign a four-year, $273 million maximum contract extension with the Cleveland Cavaliers. And on Tuesday, he agreed to sign a four-year, $273 million maximum contract extension with the Cavaliers, according to ESPN’s Shams Charania. His new deal includes a fourth-year player option and a 15% trade kicker. Had Mitchell not signed an exte

The post LeBron James Leaves Lakers as Prediction Markets Wager Millions on His Next NBA Home appeared on BitcoinEthereumNews.com. Key Takeaways LeBron James left the Lakers in July 2026 after eight seasons, ending his tenure there. Kalshi prices a Cleveland return at 55%, with $70.7 million wagered on his next team. Polymarket has Cleveland at 59% odds ahead of an October 31, 2026 market deadline. The four-time NBA champion ended an eight-year run with the Lakers this month, closing out a Los Angeles chapter that began in 2018 and included a championship in the pandemic-shortened 2020 season. At 41, James is now weighing his 24th NBA season without a team. Money is moving fast on Polymarket and Kalshi, the two largest crypto-native prediction market platforms, where traders are pricing in a return to Cleveland over any other destination. Both markets let users buy shares tied to a specific outcome, with prices shifting as new information and trading volume move the odds. That structur