However his contract obviously doesn't truly reflect his value, due to the salary cap and also his willingness to take less money to sign with the Heat in the summer of 2010 alongside Dwyane Wade and Chris Bosh but also with the flexibility to retain Udonis Haslem, Joel Anthony and sign veteran Mike Miller. The King is certainly not #1 when it comes to NBA salaries, coming in at 13th behind the likes of Gilbert Arenas, Brandon Roy, Joe Johnson, Amare Stoudemire and Elton Brand.
"What I do on the floor shows my value. At the end of the day, I don't think my value on the floor can really be compensated for anyways because of the (collective bargaining agreement)," James said in comments about the CBA back in February.
"If you want the truth. If this was baseball, it'd be up, I mean way up there...I have not had a full max deal yet in my career -- that's a story untold.
"I don't get (the credit) for it. That doesn't matter to me, playing the game is what matters to me. Financially, I'll sacrifice for the team. It shows for some of the top guys, it isn't all about money. That's the genuine side of this, it's about winning. I understand that."
Everyone is benefiting with the best basketball player in the world in South Florida, with TV ratings on Sun Sports up by an incredible 99% increase in local ratings after those world-famous talents came down here.
If you were wondering what the financial impact really is when the MVP plays for your favorite team and when he doesn't play for the Cleveland Cavaliers (or Dan Gilbert) anymore, check out this fantastic infographic from the blogging team over at CableTV.com:
LeBron James Is Underpaid – An infographic by the team at CableTV.com