LeBron James has a significant effect on the number of businesses and jobs around basketball arenas, according to new research. More specifically, the number of eating and drinking establishments close to the arenas in Cleveland and Miami grew when James played on those teams.
A working paper from the American Enterprise Institute, a nonpartisan public policy research institute, found that with James present the number of these businesses increases 13 percent. The number of jobs present in this industry increases too, by 23 percent.
Other studies have shown that having superstars on the team could lead to an economic boost. But, it could be that the teams are winning more with people like James on them — the number of wins and the amount of restaurants have a positive correlation.
LaVar Ball said Wednesday that if Nike, Under Armour or Adidas wants to make a deal with his Big Baller Brand now, the asking price is $3 billion. He also explained that he sees no need to market his products to women. In a wide-ranging, sometimes contentious interview with Fox Sports 1’s “The Herd with Colin Cowherd,” LaVar Ball reiterated that he wants his son, NBA prospect Lonzo Ball, to play only for the Los Angeles Lakers and revealed he has sold 400 to 500 pairs of $495 ZO2 shoes since they launched two weeks ago.
Ball was asked about dealing with the big shoe companies, and he said they will regret not making a deal with him after his son is picked by the Lakers. “Now that Lonzo’s headed to Los Angeles, what they should have done is give me a billion dollars and let me be on my way,” he said.
Fox Sports reporter Kristine Leahy, whom Ball earlier referred to as a “hater” and told to “stay in your lane” after she pressed him on the number of shoes sold, argued that for Big Baller Brand to be appealing to the big shoe companies, he would have to market his products to women. Ball scoffed at the idea. “Yeah, if you have a women’s company. … We’re talking about Big Baller Brand,” he said. Later in the interview, after several tense exchanges with Leahy, Ball said: “I never disrespect women, but I tell you what, if you act like that, something’s coming to you and it’s OK.”