The King is back on top. The Miami Heat’s LeBron James has reclaimed the No. 1 spot on the National Basketball Association’s best-selling jersey list. The reigning NBA finals’ MVP is back in the position he last held in April 2011.
This is the third time James has finished in the top spot on the most popular jersey list, which is released twice a year.
The current list is based on sales at the NBA Store on Fifth Avenue and on NBAStore.com from April 2012 through Nov. 26, 2012.
James, who was previously ranked fourth on the best-selling list, takes the top spot from injured Chicago Bull Derrick Rose, who falls to number five. The Oklahoma Thunder’s Kevin Durant, coming off his first NBA finals debut in June, jumps from the eighth spot to No. 2. Rounding out the top five is Los Angeles Laker Kobe Bryant, who has had the top-selling jersey six times and the New York Knicks Carmelo Anthony.
Sports fans hold strong opinions about which pro basketball players deserve their massive salaries, and which ones don’t. One fan, however, has gone further than the average barstool commentator —- Southern Utah University economics professor David Berri.
Berri is co-author of the 2006 book “The Wages of Wins,” which determines which players are overpaid with a statistical method called “Wins Produced” that he and his co-authors developed.
According to Berri, NBA players are paid for high scoring, so the more points an athlete racks up, the more money he earns. Berri believes that this overlooks other factors that contribute to a victory, such as shots taken, turnovers, rebounds and fouls.
These and other elements are included in the “Wins Produced” algorithm.
“Wins in basketball are primarily about a team’s ability to get and keep possession of the ball and then turning those possessions into points,” Berri told CNBC.com in an e-mail. “In 2011-12, NBA teams paid $1.9 billion for 990 regular season wins. This means that the cost per win was $1.946 million. Given the cost of each win and knowing both how many victories each player produced and his salary allows us to see which players were overpaid.”
CNBC.com presents the list compiled by Berri and his team of the most overpaid players in the NBA, as determined by the “Wins Produced” algorithm.
All salary information was provided by Berri, who used data from the NBA draft projection site DraftExpress.com and from basketball analyst Patricia Bender. All data was compiled by Berri’s colleague Arturo Galletti.
Former undrafted D-Leaguer Jeremy Lin cracking the list at No. 2, beating out the likes of Kobe Bryant, LeBron James and his teammate, Carmelo Anthony. That’s taking into account the fact that Lin jerseys didn’t even hit the market until mid-February and the sales ranking started in April 2011. But when Lin did start lighting it up for the New York Knicks, boy did the masses buy his gear. Not only did New Yorkers embrace “Linsanity” but people around the world inspired by the Harvard graduate’s rise to fame also bought his jersey. And one can’t discount his Asian heritage helping things along, driving international sales to NBAStore.com and other retailers.
Photo: Getty Images
Source: Getty Images
Athletes are bigger, better, faster, and/ or stronger than the rest of us, and some of them almost achieve the superpower of flying. The pros perform on a larger than life scale, and many live that way as well. In the interest of gawking at eye candy, we’ve gathered more than a dozen of those athlete mansions and houses, including more than a few in the Miami area. These homes’ square footage ranges from a relatively modest 6,000 to a positively palatial 28,000.
Photo: Getty Images