And I'm curious from all you marketing experts, best case scenario for James what exactly do you think the Decision would have done for James. He was already the best player i the world, had as many sponsorship deals than he could use, was a top if not the top seller in jerseys, etc. What exactly was James' best case on the Decision. It really could only go badly for him so it clearly had to be about charity or he wouldn't have done it.
I think going in you could hope for a lot of best case scenarios with The Decision.
1. Ratings. Whether or not there's any money involved, I think most people would love to say that show based solely on them drew huge numbers, and it did. Best cable draw of the night. Good but not great, as going in you probably hope to draw better than other sports oddities (
Hulk Hogan vs Andre the Giant on free TV drew 33m viewers in '88,
Mike Tyson on free TV drew 43m viewers in '95). Absolute best case scenario you draw more than the Super Bowl (usually 80m+), then you hope to make top 10 shows of the year (#10 was 28.5m in 2015). All in all, in 2010 it wasn't even in the Top 100 sports broadcasts of the year, but was #19 for sports on cable, highest rated cable NBA program of the year (
broadcast list,
cable list)
2. Money. Even though LeBron took no money from The Decision, it could still make him money (if it was a ratings hit), as all sponsorship and marketing deals aren't created equal. Contracts expire and new ones are formed.
A quick google search says LeBron makes $42m in endorsements (as of 2014), and that
he has said he hopes to reach billionaire status. If The Decision drew 100m viewers,
that $2m per year he was getting from Coke at the time maybe becomes $20m when he re-ups.
Instead of McDonald's offering LeBron $4m per year, maybe they offer him $15m per. That distribution deal for his media company that's making Space Jam 2 maybe becomes a lot more lucrative for James. Best case though, you hope the $40m+ LeBron is making now in endorsements could have been increased to $60m, $80m, or even $100m+ after he proved how much of a draw he was.
3. Being a pioneer/trendsetter. I think there's unlimited value being the first to do something successfully. On the high end you get to be forever immortalized like Jackie Robinson or Neil Armstrong, on the low end you might get something named after you like the "Larry Bird exception" or the "Derrick Rose rule" or an "Arnold Palmer." I think it's reasonable to think LeBron maybe thought he was being a pioneer and was changing the way major free agency decisions were announced. I believe he was the first guy to sign for less than the max term and instead sign short term contracts with opt outs, something I've now heard referred to as a "LeBron deal." I think part of him hoped that whenever a big free agency announcement was made (like him going back to Cleveland, or Durant singing with GS) across every sport, they'd now do it through a "LeBron" by doing a half hour TV special.
So in summary, if The Decision was a huge success, it would greatly stroke LeBron's ego, help him make even more money off the court, and once again remind the world he's a trendsetter and pioneer (further stroking his ego and probably making him even more money), and to top it all off you get to say "wow, and he donated all that money to charity!"
All in all, I think it was a moderate ratings success, probably didn't impact his endorsements in any significant way but did solidified his drawing power, whole raising $6m for charity but causing him some criticism and embarrassment. It could have gone better (higher ratings earning him more endorsement money), it could have gone even worse (terrible ratings leading companies to decide he's worth less than we thought). Probably a wash overall, but the potential upside far outweighs the potential downside.
I've actually come around on LeBron. I used to hate him, but now I kind of like him and definitely appreciate his talent. Just glad I'm not judged by poor decisions me and my friends made when we were 18-25.