With a news release shortly after 8 p.m. ET, the fortunes of two markets went opposite directions as it was announced that LeBron James was leaving the Cleveland Cavaliers for Los Angeles Lakers.
Fans and brokers who believed James would return to Cleveland -- and locked in on their floor seats and center court seats that the Cavaliers made them agree to paying for the next three seasons -- immediately saw their investment plummet. While Los Angeles, in the blink of an eye, became Showtime once again.
The cheapest Lakers season tickets on StubHub before James' announcement were $3,499 each.