Forget New York. What About Europe?

If we thought that the NBA/European basketball salary cap issues were bad with Delonte West, you may want to sit down for this one. Reported by Ian Thompson at SI.com: Olympiakos is considering a run at LeBron James when he becomes a free agent in 2010. [...] At the most expensive levels of European basketball, the club owners are obsessed with bringing glory to their club and their fans as well as to their city and country. Imagine the glory that the recruitment of James would bring to Olympiakos. At the very least, he would destroy their cross-town rival Panathinaikos: The value of that alone would be priceless to Olympiakos. The owners of Olympiakos already lose millions annually on their player payroll. It may be worthwhile to them to lose $40 million or more in exchange for the grandeur of LeBron. Forty million large, eh? Of course, Thompson continues with the fact that this is all pure speculation and something that is purely unconfirmed - especially from the ...