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How valuable is LeBron James: MSG stocks tumble

With news that coveted NBA free agent LeBron James was likely headed to Miami and not the Big Apple to play for the New York Knicks, investors got a jolt.

Read my colleague Harriet Brackey’s entry on her It’s Your Money blog about the impact of James not going to New York. It seems investors were betting on Knicks' owner Madison Square Garden, well, until James wasn’t. Brackey tells us stocks slumped 5.5 percent -- $90 million in stock market value today.

Categories: Miami Heat (174), NBA (139)

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About the author
CRAIG DAVIS In more than 33 years at the Sun Sentinel, Craig Davis has written about a wide variety of sports topics from baseball to yachting, fishing to triathlons, and also worked as a copy editor and page designer. Recently he reported on local sports, including running, swimming, cycling, equestrian and beach volleyball. He enjoys sports as a participant as well as a spectator, is active in the South Florida running scene plays in the curling club at Saveology Iceplex. This blog offers a glimpse at the business side of sports in the interest of enhancing enjoyment of the games and sporting options as a spectator as well as a participant.
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