LeBron James took a pay cut to maybe live in New York and be a supercommuter to Philly by chopper

Key Points:

• LeBron James is considering living in New York City while playing for the Philadelphia 76ers, potentially commuting to games and practices by helicopter, a move that adds to Philadelphia's appeal but has not been confirmed by James himself.
• His contract with the 76ers is a two-year, $8 million deal at the veteran's minimum salary, representing a pay cut of over 90% from his previous season with the Lakers, while his presence is expected to generate $250 million to $430 million in regional economic activity.
• The helicopter commute option faces challenges, including New York City's growing political opposition to nonessential helicopter flights due to noise complaints and safety concerns, as well as potential restrictions on heliport usage.
• If James buys property in New York, he could be subject to the new pied-à-terre tax on second homes valued over $1 million, and his supercommuting arrangement raises complex tax issues involving New York State, New York City, and Philadelphia wage taxes.
• James previously explored playing for the New York Knicks during free agency, but the Knicks declined to pursue him, preferring to maintain their championship-winning roster; fans speculate that his minimal contract may be linked to a desire to establish a New York residence.