In hindsight, it looks like Cleveland never had much of a shot at re-signing Lebron, with the rumors of him not returning his owner's phone calls, etc.
Here's my question: let's say that on January 1, 2010 Lebron tells Cleveland management that he's not inclined to re-sign with the team. He'll play hard for the rest of the season, and he'll work with the Cavs to do a sign-and-trade if they want, but he really prefers the situations in NY, NJ, and Miami. In such a scenario, what do the Cavs do?
Do you immediately put Lebron on the trade market? Or, with the best record in the league at the time, do you attempt to win a title, and see what you can get in a sign-and-trade after the season? Do you still make the Jamison trade, in an effort to maximize your title chances?
This one is genuinely a tough decision for me. I am a firm believer that when you have a legitimate shot at a title, you do everything in your power to maximize your chances at that. I think I'd be inclined to take my chances, valuing a shot at a title + whatever I could get in a sign-and-trade as being better than what Lebron's trade value would be.
However, you've got to think that Lebron's trade value would have been very high, even in a situation where Cleveland was desperate. It's hard to say exactly who would have been offered, but you've got to think that they would have had a ton of options. Andrew Bynum is the most obvious name, of course, but other teams may have put together some good packages. Eric Gordon + Blake Griffin + a pick? Devin Harris + a lottery choice? David Lee + Danillo Gallinari + Jordan Hill + picks?
At the end of the day, though, I couldn't give up the chance at a title (which means I'd be sitting in Cleveland, depressed and most likely out of a job, since Lebron couldn't win last year).