This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Four LeBron James Stock Plays

By Roberto Pedone

WINDERMERE, Fla. ( Stockpickr) -- Cleveland Cavaliers basketball star LeBron James is a wanted man: In less than 24 hours, he is going to decide where he will sign to play in the NBA as a free agent. If you're a diehard Cavaliers fan, you're probably going to have some sleepless nights as July 1, the first day of NBA free-agency period, approaches. James is expected to fetch a five-year deal for $97 million or, if he stays in Cleveland, a six-year deal for $125 million.

There is also no doubt that with so much money at stake a number of publically traded companies could benefit off LeBron's final decision of where he wants to play basketball.

Team LeBron announced last week that James isn't going to go on a nationwide recruiting tour as many had expected. LeBron is passing on the private jets and high-end courting and instead staying in Akron, Ohio, preventing his free agency from turning into a spectacle. But don't let that fool you into thinking he's definitely going to sign with Cleveland.

In fact, one recent event indicates to me that he might have already made up his mind to leave Ohio. Recently, the city of Akron held a LeBron Appreciation Day at the University of Akron's InfoCision Stadium. James showed up late for the event, finally arriving 10 minutes before the jamboree was scheduled to end.

Then, to the 100 remaining fans of the original 4,000 who'd been in attendance, he called Akron "my home and my life" and said that everything he does he does for the city. "I'm going to continue to do great things," he continued. "I love every last one of you. Akron is my home."

Now, does that sound like someone who's planning on staying in Ohio? To me, it sounds like someone who's expressing his appreciation as he prepares to leave Cleveland for another stadium.

Cleveland has a small edge on re-signing James because it can offer him around $30 million more than any other team over the life of a max contract. But if James is serious about winning championships, Cleveland is probably not on the top of his list, since the talent surrounding him is mediocre at best.

Also on Stockpickr
Top World Cup Stock Picks

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs