Could Lebron be the first player to play for a team that he owns?

[scuzzy]

Theoretically and legally speaking

With the possibility of the Cavs offering Lebron a max over 200m+

And his lifetime Nike contract this year

Let's say Lebron buys a team (say Spurs)

Hires himself as the supreme owner/pres/gm of Spurs operations

Yet STILL play for the Cavs

Could Lebron as GM of Spurs make a trade offer to the Cavs (Kawhi + LMA for himself)

Then play for the Spurs he owns, coaches and sees all FO operations

Possible even change the name to San Antonio Girths?

[Prime_Shaq]

You can't do that. There's a reason MJ sold his ownership shares before returning to the Wizards.