A year ago I wrote that the sale of 15% of the Cleveland Cavaliers and operating rights to Quicken Loans Arena to Chinese investors meant LeBron James would bolt Cleveland when he became a free agent. Now I am telling you next season LeBron will be playing for the New York Knicks because this January they became the only franchise that can use their stock as currency.

They cannot pay James with MSG stock because it would violate the league's collective bargaining agreement. But there is nothing to stop James from buying shares of MSG with his money. This would allow James to in essence work for himself and capture the upside in revenue from higher ratings on the MSG RSN, a soon-to-be renovated Madison Square Garden and much higher profits he will bring to these platforms.