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(Bloomberg) — The Knicks need LeBron James. He may not need New York. James, the two-time defending National Basketball Association Most Valuable Player, is set to be an unrestricted free agent on July 1, when teams such as the Knicks can try to sign the Cleveland Cavaliers’ All-Star. Yet the lure of the nation’s biggest media and business hub might not be enough to land James, who has said he aspires to join friend Warren Buffett as a billionaire. The Knicks, unlike baseball’s New York Yankees, can’t lure him by paying more than other teams because of the NBA salary cap. He may not need the glitz that New York affords: James is already the league’s top endorser while playing in Cleveland.

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