The Cleveland Cavaliers might be paying LeBron James millions of dollars to return to Cleveland, but the franchise immediately increased their value.
Based on television alone, the Cavs currently average about $25 million per season from Fox Sports Ohio, according to Forbes. The television deal was signed before LeBron left and will end in two years, so ratings plummeted during the four years of LeBron's absence. The new cable deal will likely average at least $40 million per year.
But with the return of LeBron, the revenue the Cavs would now add is $100 million.
Talk about the LeBron effect..