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LeBron James Has No New York Nike Bonus
CNBC.com | November 26, 2008 | 09:30 AM EST

For the millionth time, LeBron James has no bonus in his current contract with Nike—still his original contract—that pays him more if he plays in New York or any other big city for that matter.

I find myself writing this because with speculation that James will be headed to New York in 2010, as the Knicks have cleared out cap space for that season with the rumored express purpose of landing LeBron, people have started to talk again about this mythical bonus. As James played at the Garden and questions about 2010 and New York reached its greatest height, we started hearing about this bonus again.

ESPN The Magazine's Chris Broussard, in an article for ESPN.com, wrote that James "does not get more money from Nike if he plays in New York," but then went on to say that "that clause expired after his rookie season."

That's a new one.

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