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LeBron James Rookie Card goes for 1.8 MILLION DOLLARS!

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LeBron James Rookie Card goes for 1.8 MILLION DOLLARS!

LeBron James Rookie Card goes for 1.8 MILLION DOLLARS! Yes, you read that correctly. LeBron Jame’s Rookie Card goes for 1.8 Million dollars in an auction.

What was the type of card that sold? It was a 2003-04 LeBron James Upper Deck rookie Patch Parallel card. The CEO of Lob.com, Leore Avidar, won the auction.

Just to clarify, this sets the record (modern-era of cards) for the most expensive card bought in an auction. This is the most a basketball card has ever sold for!

This is what Ken Goldin, founder of Goldin Auctions, had to say about this type of card:

“If we were talking about a T206 [Honus] Wagner or a 1952 [Mickey] Mantle, it probably wouldn’t be that much news,” said Ken Goldin, founder of Goldin Auctions. “But when you’re talking about a card that was literally produced 17 years ago and is for a guy still playing in the NBA, it’s just shocking news to a lot of people. It’s really where my particular industry has been going for several years.”

What card was the previous record-holder?

It was previously held by a gem mint Bowman Draft Chrome Red Refractor Mike Trout signed rookie card. It sold for $922,500 dollars. That Mike Trout card produced only five of its kind, which means that was very rare.

What else has this auction house done in the past?

First of all, they have been setting and breaking records in the past few months with all these high-money cards. Like the LeBron James card, Mike Trout card, and the Michael Jordan card.

Conclusion:

How interesting and amazing is that? LeBron James is setting new records, not just on the court, but also in the card market. Will we see any of his other cards jump up in price to set new records?

Just think about how expensive his cards will be if he wins another title, sets a few more records, or even after he retires. It will be crazy to imagine.

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Cavaliers Win Summer League Championship

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Cavaliers Win Summer League Championship

Cavaliers Win Summer League Championship

The Cleveland Cavaliers have won the 2023 NBA Summer League championship; they beat the Houston Rockets to remain undefeated and secure the prize.

Isaiah Mobley, Evan Mobley’s brother, showed up in a huge way this summer and it continued Monday night against Houston. He finished the game with 28 points and 11 rebounds. Mobley was also named the game MVP.

The final score was 99-78 to win the NBA 2K24 Summer League championship.

Sam Merrill finished with 27 points, while Emoni Bates finished with 19 points.

Since its inception in 2013 (where a champion was crowned), this is the first time Cleveland has won the Summer League championship.

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Cavaliers have offered Collin Sexton a new contract

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Cavaliers have offered Collin Sexton a new contract

Cavaliers have offered Collin Sexton a new contract

Cavaliers have offered Collin Sexton a new contract

Both sides have been at a stalemate when it comes to trying to get a new contract secured for Collin Sexton. Sexton wants more money, Cleveland is not buying into that, and now they are at crossroads trying to figure this one out. However, the Cavaliers have not stopped trying and their latest attempt to get him to extend is through this offer.

The offer is believed to be in the range of three years and $40 million dollars. So pretty much a three-year, $40 million dollar extension. Overall, Collin Sexton could be displeased with this offer as he wants “starting guard money.” Something the Cavs have been wary of giving him, for good reasons. Then it also makes sense why Sexton believes he is above their offer, for good reasons.

The restricted free agent does not have many suitors that are competing for him; it is actually just two teams… and they don’t seem as interested as he would hope for. The Spurs and Pacers are the only two known teams to have the cap room to sign Sexton without going through the sign-and-trade. However, neither side has been jumping up and down to pursue the guard.

Ultimately, Sexton believes that the offer Cleveland is giving him is beyond his market value and wants something higher. It has been reported that he and his camp will not bet against themselves just for the sake of getting a deal quick or at least securing it now. They will stay patient and wait to see how the rest of the league shapes up before making any more moves.

Collin Sexton has until October 1st to decide on his qualifying offer, or both sides can agree to extend that decision out further to give them more time. What happens if he accepts the qualifying offer? He signs for one year, $7.2 million. It acts as a prove-it year to the league to get more money, in a way. Also, if he accepts, then the following summer he will be an unrestricted free agent.

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Luke Walton hired by Cavaliers to become new coach

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Luke Walton hired by Cavaliers to become new coach

Luke Walton hired by Cavaliers to become new coach

Luke Walton hired by Cavaliers to become new coach

Head coach JB Bickerstaff has done an excellent job with the Cavaliers so far, as Cleveland have been rising in the Eastern Conference and making the Play-In Tournament this year. They have been in rebuild mode since LeBron and Irving left Cleveland, along with Ty Lue (former head coach of Cleveland and current head coach of the Los Angeles Clippers), but now seem to be getting out of those stages.

Bickerstaff has an amazing team that has been through free agency, the draft, and trades in the season. Now he gets some more help through adding to his coaching staff, but this time with some championship knowledge.

Former Lakers and Kings head coach, Luke Walton, has been hired by the Cavaliers to become their new assistant coach. Adding him will give them depth knowledge of winning a championship, the process, and everything else included within that area of knowledge.

Walton has great insights from being a head coach, an assistant, and a player that will be vital to a coaching staff that has been built by Bickerstaff.

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