It's the human and fun side of our sports heroes

Want to watch LABron in action? Get ready to empty your purses

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By Mark Patriarca

The NBA free agency has just started, but Lebron James is already making an impact in his soon-to-be team Los Angeles Lakers.

According to ESPN Sports Business Reporter Darren Rovell, the price for the cheapest Lakers season tickets being sold on StubHub increased over $2,000 following LeBron’s free agency announcement.

Just 20 minutes after the news that James is Hollywood-bound broke out, the lowest Lakers season ticket prices on StubHub went from $3,499 to $5,800 per seat.

The King’s value is well documented. The economic boom he creates wherever he plays includes sold-out arenas, fully-booked restaurants, and sky-rocketing ticket prices.

The American Enterprise Institute, in a study, found that James’ impact raised business within a one-mile radius of the arena (both in Cleveland and Miami) by 13%, and raised employment by a staggering 23.5%.

Meanwhile in Cleveland, ticket brokers are anticipating a 60% decrease in ticket value, the same thing that happened when LeBron left Cleveland the first time to go to Miami.