Cleveland, OH
Should Ohio taxpayers give Jimmy Haslam $600 million for a new Cleveland Browns stadium? • Ohio Capital Journal
It’s budget season, so the lobbyists are out in full swing.
Tennessee Billionaire and Gas Station Tycoon Jimmy Haslam, known up here as the owner of the Cleveland Browns, is purportedly drumming up support among lawmakers for a $600 million subsidy for a new Browns stadium and that money could be proposed as soon as the Governor’s budget request.
For comparison, this is about as much as the state allocated for highway maintenance across the entire state in 2025. It’s a chunk of change.
So what will we get for this investment? Will the Browns be able to scrounge up more than three wins by a combined 13 points and a three-way tie for last in the league if we throw hundreds of millions of dollars at them?
To be fair, there have been no public promises that Haslam and Company will produce a team that avoids embarrassing the state if they get this subsidy. Public arguments have been pretty threadbare: the City of Cleveland has been hostile to the idea of a new stadium. This seems to have shifted Haslam’s eyes down I-71 to see what kind of success he can have under the dome in Columbus getting help to pay for the project.
So far, the reception has been tepid. New Senate President Rob McColley said he was opposed to a “handout” to the Browns when he heard about the proposal. Some policymakers are kicking around backing the project with state bonds, bumping the cost up to $3 billion and using some of that money to develop nearby hotels, restaurants, and housing.
So let’s get back to the meat of the issue: why would we do this? What is it about football stadiums that makes a businessman or a lobbyist think he can credibly waltz into a lawmaker’s office and shamelessly ask for hundreds of millions of taxpayer dollars? I mean, these aren’t utility companies we’re talking about.
The case lobbyists make for stadium subsidies is fundamentally economic. With a professional football team, your state will get on television. People will travel from far away to visit your city, they will stay at your hotels, they will eat at restaurants, and you will become a destination.
The consensus among economists is that this story is a fantasy. Yes, economic activity will increase around a football stadium: it can be an anchor for a flurry of economic activity once a week twenty times a year. But where does this money come from?
Entertainment budgets are not flexible. If someone didn’t go to a stadium, they would probably go to a bar, restaurant, movie, play, or live performance somewhere else in the city. So new economic activity is not created, it simply is shifted from one part of the city to another.
A study published in the Journal of Benefit-Cost Analysis just a few months ago underscores this economic consensus. For a professional sports team or stadium to be anything other than a net negative on the local economy, it needs to (a) attract visitors from other cities, and (b) get its owner and players to spend a significant share of their income in the area.
So if legislators are going to take this seriously, they need evidence of three things. First, they need to see that this new stadium will bring significant numbers of new visitors to Ohio. Second, they need to see that Jimmy and his team are spending a lot of their own money in Ohio. And third, they need to see that this is a better investment than transportation infrastructure, education, broadband, and the many other priorities they will have to put aside to give Jimmy a new place for his team to play.
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Cleveland, OH
Cavaliers obvious draft day win is the opposite move anyone expects
The next step towards a true NBA Finals run is perplexing, to say the least, for the Cleveland Cavaliers. Even though the Cavs reached the Eastern Conference Finals, they finished the 2026 Playoffs with an 8-10 record, which is the worst possible record for any team to have at that stage of the postseason.
Entering the offseason, chatter is centered around Cleveland either cashing in everything for a 2027 run or tearing down the core to enter a rebuild. Ultimately, the Cavs are incapable of the latter with depleted draft capital and few young players left on the roster. Staying the course and taking steps towards a more well-rounded roster is the only option available to the Cleveland basketball club.
The NBA Draft offers the Cavaliers the best opportunity to do so, finding young talent on team-friendly contracts. Currently, however, the Cavs’ draft capital is minimal at best with no control over their first-round picks until 2030 and no second-round draft picks for the foreseeable future.
Last summer, the Cavaliers entered the new second apron of the luxury tax, a new, highly restrictive tier for the highest-paying franchises. Cleveland was the only team to enter the apron last summer and not find a way out. As the league’s most expensive team, the Cavaliers must discover routes to add talent and manipulate their cap space.
Sitting at 29th overall this year, Cleveland needs navigate the draft with more in mind than the best talent on the board after 28 picks. To win the draft this year, the Cavs must make an unorthodox, unexpected move.
The Cavaliers need to trade away their draft pick
Many of the best talent expected to be available in the late first round has opted to return to college, selecting the NIL path over an immediate rise to the pros. Names like Tounde Yessoufou, Amari Allen and Tyler Tanner are out of the draft and unavailable for the Cavaliers.
For a team looking for any opportunity to improve financial flexibility, the Cavaliers should be wary of selecting in the first round at all with so much talent leaving the draft entirely. This year, a first-year player selected at pick 29 will be guaranteed a salary of $3,018,240. With so many prospects avoiding the draft, the talent available for the Cavaliers will be more akin to a typical second-rounder, making that $3 million price tag impractical.
Cleveland saw success last season in the second round, grabbing Tyrese Proctor and signing him to a multi-year standard contract. While a standard deal is rare for a second-round prospect to receive immediately, the Cavs did so to add a young, promising rookie on a cost-controlled contract.
Second-round players are not guaranteed any salaries or a main roster spot. Often, players in the second round enter a two-way deal. As of pick 31 and beyond, the Cavaliers would have better financial control for the young talent.
If the Cavs place their pick on the trade market, they could fall back into the early second round and accumulate another two second-round picks for the future in order to replicate their Proctor gamble. While players like Allen and Yessoufou are off the table, plenty of other talents will still be on the board in the early second round for the Cavaliers to target.
The San Antonio Spurs (42 and 44), Sacramento Kings (34 and 45) and Brooklyn Nets (33 and 43) have multiple second-round picks this year, which would make a trade with the Cavs to move into the first round a great deal on both sides.
Entering next season with another affordable rookie and future second-round picks is an invaluable win for a team with such an inflated salary sheet. The Cleveland Cavaliers are not likely to remain in the second apron longer than team owner Dan Gilbert deems necessary, and finding creative paths to financial freedom will be paramount to stay competitive within the confines of the new luxury tax system.
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Cleveland, OH
Cavaliers Already Have Obvious General Manager Replacement for Mike Gansey
The Cleveland Cavaliers lost general manager Mike Gansey after his promotion to president of basketball operations with the Philadelphia 76ers.
Now Cleveland’s president of basketball operations, Koby Altman, and owner Dan Gilbert must find a replacement for Gansey.
The good news is that the replacement search should be somewhat easy, as the team already has a qualified candidate in waiting.
Assistant general manager Brandon Weems should be promoted.
Weems joined the organization in 2015, but his Cleveland roots run much deeper than that. He’s an Akron native that played high school basketball at St. Vincent St. Mary High School. You guessed it, he’s childhood friends with free agent superstar LeBron James. They played peewee football together before going on to win multiple state championships in high school basketball.
But this is a hire that would do more than pander to James, who is still contemplating his NBA future according to several reports. It would continue Cleveland’s internal stability. Altman has developed a culture of consistency, calculated decision making and player development. Weems has been around the organization from its championship-winning season in 2016 through the rebuilding years and into an Eastern Conference championship contender.
After Weems was done playing, he started a coaching journey at Kentucky under John Calipari. He spent three seasons and was part of the 2012 championship-winning team. After that, he served as an assistant coach at Oakland University in Michigan.
He’s partly responsible for the success of expediting the Cavs out of the NBA Draft Lottery and into a constant playoff contender.
Consistently being promoted within the organization, Weems oversees Cleveland’s amateur scouting efforts. He also has scouting duties at the college and international ranks. Weems is also responsible for assisting Gansey with NBA Draft preparation, from scouting to player rankings and information gathering on each prospect.
The Cavs have consistently drafted well since Weems joined the organization. Outside of Darius Garland and Evan Mobley, the Cavs also have more recently hit on Jaylon Tyson and Tyrese Proctor.
The elephant in the room – LeBron
According to Altman, the Cavaliers plan on running this thing back. At his end of season media availability, Cleveland’s president of basketball operations stated his belief in winning a championship with Mitchell as the team’s best player. He sounded committed to Mobley, James Harden and Jarrett Allen.
While keeping the core intact, another obvious move would be pursuing LeBron in free agency. According to reports, James felt “unappreciated” at times throughout the season by the Los Angeles Lakers organization.
Desperate for a championship, the Cavs wouldn’t take LeBron’s mindset for granted. It’s a reunion that makes plenty of sense.
Weems’ connection with LeBron is obvious. It would be a hire that would move the organization another step closer to winning a championship, especially if they land LeBron. But Weems would also be a great partner for Altman to drive the Cavaliers forward into the future, too.
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Cleveland, OH
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