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Lebron James’s $5 Million Trading Card Deal a Turning Point for Industry

Lebron James’s $5 Million Trading Card Deal a Turning Point for Industry
LeBron James (23) of the Los Angeles Lakers passes the ball as Thaddeus Young (21) of the Toronto Raptors defends during the first half of a game in Los Angeles on Jan. 9, 2024. Sean M. Haffey/Getty Images
Matthew Lysiak
Matthew Lysiak
1/11/2024|Updated: 1/11/2024
0:00

A historic deal signed by Los Angeles Lakers star LeBron James with Fanatics Collectibles is certain to accelerate a decades-long shift in the sports cards industry away from kids hoping to own a piece of their favorite player to one dominated by well-financed adults, according to an industry expert.

Jeff Jensen, manager at Baseball Card King, which sells sports cards out of its three Illinois retail locations, told The Epoch Times that the record deal means that the vast majority of Mr. James’s younger fans will have little, if any, opportunity to purchase the new product launch.

Matthew Lysiak
Matthew Lysiak
Author
Matthew Lysiak is a nationally recognized journalist and author of “Newtown” (Simon and Schuster), “Breakthrough” (Harper Collins), and “The Drudge Revolution.” The story of his family is the subject of the series “Home Before Dark” which premiered April 3 on Apple TV Plus.
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