John Hollinger writes in his latest PER Diem (Insider subscription required) that LeBron’s best bet for long term success may not be in Cleveland…or New York…or New Jersey/Brooklyn…

And it’s especially worth noting that if the Cavs are back in the 45-50 win range this season, King James might be a much more portable commodity this coming summer. If he’s looking at a Cleveland lineup with one majestically talented player and several spare parts, one would think the comparison to such arrangements in New York or New Jersey wouldn’t be dramatically different.

But those aren’t close to being the most palatable changes of uniform available. For instance, it bears mentioning that joining the Chicago squad LeBron’s team lost to Thursday night would be dramatically different. With a young star point guard, quality big men and lots of secondary help, the Bulls — who could get as much as $20 million under the cap if John Salmons opts out of his contract, conveniently opening a spot in the lineup for LeBron at the same time — would offer a more clear opportunity for long-term success.

Let me throw out an even crazier proposition — Minnesota. The Wolves will have the cap space to make a run at LeBron, depending on a few variables — or at the very least can get there fairly easily if they know there’s a chance for a player of this caliber. (Declining an option on Ryan Gomes, for instance, is done much more easily if it allows you to replace him with the best player in the league.)

Minnesota is generally thought of as one of the NBA’s least-desirable relocation options, but let’s consider it from a winning perspective. Who would you rather play with for the next five years: Al Jefferson or Anderson Varejao? Kevin Love or Ilgauskas? Ricky Rubio or Mo Williams? Jonny Flynn or West? Ramon Sessions or Daniel Gibson? Next year’s fourth pick or next year’s 24th? It’s obvious, isn’t it?

Don’t get me wrong — the T-Wolves would be a good fit for LeBron, but he’d be a pretty good fit anywhere. I just don’t see him taking his show from one cold, small-market Midwestern city to another cold, small-market Midwestern city. If he doesn’t stay in Cleveland, then there seem to be three real options:

1. Brooklyn Nets
With Devin Harris and Brook Lopez locked up for the next few years, the Nets have two All-Star caliber players already on the roster at two of the toughest positions to fill — point guard and center. Is the penetrating Harris the perfect fit alongside LeBron? Not necessarily, but if the Nets can find a sharpshooting off guard (Courtney Lee?) and face up power forward (a la Rashard Lewis), the Nets would really be in business. Plus, the move to Brooklyn would take away the stigma of playing in New Jersey.

2. Chicago Bulls
It would break the city of Cleveland’s heart if LeBron fled to the Windy City. New York or Brooklyn? Cleveland fans wouldn’t like it, but they’d understand. But if LeBron heads to Chicago, home of the team that stepped on the Cavs’ throats so many times during the Jordan era, the city might explode. From a pure basketball point of view, it’s a nice fit. They already have Derrick Rose, Luol Deng, Joakim Noah, Kirk Hinrich and maybe Tyrus Thomas. Chicago is also a threat to pry Dwyane Wade out of Miami.

3. New York Knicks
This is more about MSG and the spotlight than who the Knicks have on the roster. Playing in Mike D’Antoni’s system would be nice, and if the Knicks can unload either Eddy Curry or Jared Jeffries, they’d have enough cap space to sign another free agent to max deal. This might be a case of the Knicks having to coax Chris Bosh out of Toronto or Amare Stoudemire out of Phoenix before being able to convince LeBron to sign on the dotted line.

We’re only a couple of weeks into the season and the talk is already starting. The Cavs have plenty of time to morph into a 60-win team, but right now they don’t look it. And the longer they struggle, the louder the drum beat is going to sound.

This year, we’re doing a division-by-division preview with quick-hitting analysis for every team in the league. If a franchise is a legitimate championship contender, I’ll focus on what stars have to line up for a title run. If a team is a playoff “also-ran,” I’ll identify the weaknesses that have to be shored up via trade, free agency or draft over the next couple of seasons to make it a contender. If a team is likely to miss the playoffs, I’ll take a look at the salary cap, and provide a blueprint for how the team should proceed in the near future to get back in the postseason. At the end of each divisional preview, I’ll provide some (random) thoughts for the fantasy hoopsters out there.

For each division, I’ll pick the order of finish. You’ll also see the team’s league-wide preseason rank in parenthesis.

Boston Celtics (5)
Normally, the return of a healthy Kevin Garnett would be enough to thrust the Celtics back to contender status, but with the way the rich got richer this summer in terms of talent, GM Danny Ainge knew he had to improve his team, so he went out and signed Rasheed Wallace to give the C’s another big body up front. If everyone is healthy, minutes are going to be a problem, as Glen Davis and Kendrick Perkins deserve to play, but one might get squeezed out by Garnett and Wallace. In the backcourt, the big question seems to be the overall attitude of Rajon Rondo, who is running out of time to sign an extension. It is unlikely that he and the Celtics will come to terms by the end of the month as the two sides are reportedly far apart in perceived value. Marquis Daniels was brought in to shore up the backcourt, so the Celtics will once again head into the season with a deep and talented roster. But can everyone stay healthy? If Garnett, Rondo, Paul Pierce and Ray Allen are all feeling good come playoff time, the Celtics will be a serious threat to make the Finals.

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We mentioned this yesterday, but it looks like Russian billionaire Mikhail Prokhorov is one step closer to buying the New Jersey Nets.

Prokhorov says he has a deal to buy 80 percent of the franchise and almost half of a project to build an arena in Brooklyn.

Per ESPN…

Russia’s richest man, Mikhail Prokhorov, has made a takeover bid for the New Jersey Nets, the tycoon confirmed on his blog on Tuesday.

Prokhorov, a former nickel mining baron, boasts that if his move is successful, it would be the first time a National Basketball Association club would come under foreign control.

Prokhorov’s proposals, sent to existing Nets shareholders over the weekend, would see his Onexim group provide a loan to build a substantial part of a new arena, according to a post on his Web site.

Onexim would also receive a controlling stake of the NBA team for a “symbolic” price, the post said. Sources close to the billionaire have previously estimated the overall value of any deal at $700 million.

It’s not immediately clear how much this is going to help the Nets’ move to Brooklyn, which has been delayed by legal disputes, issues with financing and problems with the local community.

Prokhorov is flush with cash because he sold his assets prior to the global financial meltdown. His interest in the Nets is a testimony to just how far the American economy has declined.

- SPORTS BUSINESS DIGEST informs us that Russia’s richest man is considering financing the Nets new stadium in Brooklyn and in return will receive a considerable stake in the team.

- BALL DON’T LIE features a guest blogger from RealGM who offers a few reasons why fantasy basketball is struggling when compared to fantasy football.

- SHUTDOWN CORNER discusses why 78 percent of NFL players are bankrupt or in severe financial distress within two years of retirement.

- PRO FOOTBALL TALK thinks that Lou Holtz has lost his mind.

- THE WORLD OF ISAAC offers up eight reasons to hate Notre Dame. Reason #8: “The douche bag fans.”

ESPN’s Chad Ford wrote a good article [Insider subscription required] about how the Knicks’ rebuilding plan has shaped up thus far.

They successfully shed Stephon Marbury, Jamal Crawford, Zach Randolph and Jerome James. But Eddy Curry and Jared Jeffries are still on the roster, and their contracts will eat up cap space in 2010. Surprisingly GM Donnie Walsh passed up a chance to trade Jeffries for Kenny Thomas’s expiring contract at the trade deadline. I have no idea why he would do that.

The Knicks also did a great job of wooing Mike D’Antoni to New York. Players love to play in his up-tempo system and he has a number of connections to NBA stars given his stint as assistant coach for Team USA.

But Ford writes that “phase 3″ of the plan has hit a few snags:

The plan was to restock the Knicks’ talent pool via the draft. Rookies have low salaries and high upside, and given the Knicks’ lack of talent the team hoped it could strike gold once or twice in the draft. While it’s still very early, things haven’t gone according to plan so far. The Knicks’ top targets the past two years have been off the draft board when they drafted.

In 2008, their two favorites — Derrick Rose and O.J. Mayo — were gone, so they settled for Danilo Gallinari. While Gallinari showed enormous promise in Europe, he hurt his back in the summer league and played sparingly for the Knicks in his rookie season while he tried to rehab. Meanwhile, the Knicks passed on several prospects in the ‘08 draft — like Brook Lopez, Eric Gordon and Anthony Randolph — who look like potential stars down the road.

In 2009, Walsh and D’Antoni had their hearts set on Davidson shooting star Stephen Curry. However, the Warriors took him one place ahead of the Knicks, who settled on Arizona forward Jordan Hill. While Hill has upside, too, he’s closer to Dale Davis than Amare Stoudemire.

And what about 2010? In 2005, Isiah agreed to send that first-round pick to Phoenix as part of the Marbury trade. The Suns then traded it to Utah. There are no protections left on the pick. It’s gone.

Isn’t it a little ironic that the Knicks are struggling at the one thing (finding talent in the draft) that Isiah Thomas was good at? Gallinari may still turn out to be a player, but I’m sure Knicks fans would trade him for any number of players that the team passed up. Ford mentioned Lopez, Gordon and Randolph, but what about D.J. Augustin or Jason Thompson?

While I like Jordan Hill, it seems a little counter intuitive to draft a power forward when you already have David Lee on the roster and are potentially targeting Chris Bosh or Amare Stoudemire next summer. However, the Knicks probably view Bosh and Stoudemire as potential centers in D’Antoni’s system.

To draft Hill, the Knicks passed up Brandon Jennings, who turned in a very good summer league performance for the Bucks and has the kind of speed, quickness and vision to be a nightmare on the fast break. The team has been flirting with Ramon Sessions (also of the Bucks), but has yet to come to terms on a deal even though Milwaukee put themselves in a tough position to match any offer greater than $2 or $3 million per season. As it stands, the Knicks don’t have a point guard to run D’Antoni’s system.

And, as Ford writes, the Knicks’ plans have soured with the economy. If they are able to move both Jeffries and Curry, they would have enough to sign two max-contract players, but even then, it would be tough to fill out the roster with the limited funds available. It’s looking more and more that the Knicks aren’t going to have the talent to attract LeBron James or Dwyane Wade. Forgetting about D’Antoni and Madision Square Garden for a moment, wouldn’t LeBron and Wade, assuming they change teams, rather play in Brooklyn with Devin Harris and Brook Lopez?

ESPN’s Chad Ford lists nine teams that will have significant cap space next summer. [Insider subscription required.]

1. Nets ($25-$27 million)
2. Knicks ($24 million, assuming they don’t sign anyone for longer than a year)
3. Heat ($20-$22 million)
4. Timberwolves ($16-$18 million)
5. Bulls ($13-$15 million minus whatever they give Tyrus Thomas)
6. Thunder ($14-$15 million)
7. Rockets ($12-$14 million minus whatever they give to Carl Landry and Chuck Hayes)
8. Clippers ($10-$11 million)
9. Kings ($9-$10 million)

This assumes a cap of $53.6 million, which is an optimistic view. The cap could drop below $50 million.

It takes about $14 million of space to sign a max-contract player, so even under these optimistic circumstances, there really are only five teams — the Nets, Knicks, Heat, T-Wolves and Thunder — that will have that kind of space. (The Bulls are likely to keep Thomas and the Rockets are likely to retain Landry and Hayes, though they could make another move here or there to put them in position to add a superstar.)

Of these five teams, the Heat look to be in the best overall shape. Their projected payroll already includes Dwyane Wade, so they have enough to woo another superstar (LeBron, Bosh, Amare, Boozer?) to Miami. They also have a few good young players (Michael Beasley, Daequan Cook and Mario Chalmers) under contract, and the city boasts a great climate and nightlife. But the real draw is playing with Wade, who has already proven that he can win a championship if he has a little help.

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Adrian Wojnarowski of Yahoo Sports says yes.

With James, the Cavaliers are running out of time. It’s two seasons and counting until he can become a free agent. To listen to Cleveland owner Dan Gilbert dismiss the possibility of James leaving in the summer of 2010 for a bigger market as a product of “bored sportswriters” is beyond laughable. These aren’t bored sportswriters, but a restless superstar and a stable of handlers seemingly sold on his exit.

Gilbert knows better, and so does everyone else inside and outside the Cavaliers. James has one foot out the door in Cleveland. From NBA executives, to Team USA staff and players, to sneak reps: They all believe James has one foot out of the hometown.

Privately, James’ circle had been telling people that they don’t just expect him to leave in the summer of 2010, but in the words of one James associate to a high-ranking league official: He’s gone.

This isn’t an indictment of Cavaliers GM Danny Ferry and the roster he’s constructed around his superstar. He’s done a good, creative job without chips to trade, without high draft picks. This won’t be a basketball decision as much as it will be James believing he needs the platform of a major market to transport himself into a bigger global entity.

Wojnarowski did describe a silver lining…

Here’s the good news for Cavaliers fans: Things can change in two years, and James’ preferred destination, the Nets, is a franchise falling apart. Over the summer, James publicly declared Brooklyn his favorite borough in New York, but the prospects of joining his kindred spirit, rapping mogul Jay-Z, is fading fast.

For James, two things had to happen for him to make the move to the Nets. First, they had to have a nucleus of players minimally comparable to the cast he’d be leaving in Cleveland. Between now and 2010, the Nets desperately need Yi Jianlian and Brook Lopez to develop into frontline players.

But the biggest issue is this: James is never going to play for the New Jersey Nets. Brooklyn, yes. New Jersey? He doesn’t love Jay-Z that much. James needs to be walking into the Brooklyn palace that owner Bruce Ratner has been desperately trying to get financed and constructed for the 2011-2012 season.

Yet now, the Nets are such a vulnerable franchise, the $3.5 billion Atlantic Yards arena project in such doubt, ownership groups from Russia and Dubai have expressed interest in buying out Ratner and taking over the team, Yahoo! Sports has learned. So far, he has resisted, but he’s losing an estimated $30 million a year as court cases and a decaying economy have pushed the project to the brink of collapse.

Apparently, three other teams interest LeBron: the Knicks, the Lakers and the Mavericks.

For their part, Cleveland are “working furiously” to have plenty of cap space in the summer of 2010. If LeBron’s other options aren’t looking good, and the Cavs are able to acquire a guy like Chris Bosh (that’s the rumor, anyway) to play alongside their star, then LeBron might stay. At this point, the Cavs only have three players under contract for the 2010-11 season: Mo Williams, Delonte West and Daniel Gibson. At that point, the team will also have the option to keep J.J. Hickson for three more seasons.

The bad news is that the Cavs don’t have the salary cap flexibility or the trade pieces to make big improvements to the team until then. So they have to hope that LeBron makes this crucial decision later rather than sooner.

But it sounds as if the decision has already been made. Luckily for Cavs fans, a lot can happen in two years.

Offseason Movement: The team traded Richard Jefferson to Milwaukee for Yi Jianlian and Bobby Simmons, and both players figure to play a prominent role this season. The Nets are rebuilding with an eye on the summer of 2010 when LeBron James (and a few other stars) might be hitting the free agent market. Last summer, the team elected to re-sign Vince Carter, a decision they’re certainly regretting now.
Keep Your Eye On: Devin Harris, Yi Jianlian, Brook Lopez
The team is trying to put together a young and inexpensive core that will attract a big-name free agent in the summer of 2010. Harris is no Chris Paul or Deron Williams, but he’s a great young point guard with a lot of potential. Potential is all that Jianlian has right now, though he played pretty well in spurts for the Bucks last season before injuries started to take their toll. Brook Lopez slipped to the Nets in the draft and they’re happy to have him. He’s a big body who can score in the post. If everything pans out for this trio, the Nets will have their point guard, power forward and center locked up. Now all they need is a couple of wing players and Vince Carter is signed through 2011…hmmm…
The Big Question: Does the team really have a viable chance to land LeBron?
One thing about making a long-term plan like the Nets have is that there really aren’t any pressing issues since the team isn’t really built to win right now. They want to see their youngsters develop, they want to acquire draft picks and they want to avoid spending any serious money. In an ideal situation, LeBron would join a Nets team that has a dynamic All-Star caliber point guard (Harris), a veteran off guard (Carter) an up-and-coming versatile power forward (Jianlian) and a double-double guy in the middle (Lopez). Two things need to happen: 1) the youngsters must develop and 2) LeBron must agree to play in Brooklyn. If you build it, he will come…
Outlook: Nets fans shouldn’t expect a playoff berth this season. Carter is still there to put butts in the seats, though he’s not as dynamic as he used to be. The Nets are just too young to compete with the best in the East, but the opportunity for growth is certainly there.

Check out our NBA Preview page for a look at every team. We’ll be posting three previews per business day, which will take us up to the start of the season on Tuesday, October 28th.