UPDATED: I don’t follow the daily ins and outs of the sports agency biz — but I try my best to keep up with powerhouse CAA‘s when it makes headlines. So I’ve confirmed that basketball superstar LeBron James just made another “Decision”: he has left his veteran sports agent Leon Rose at CAA and followed his childhood friend, young CAA agent Rich Paul, out the tenpercentery’s door. LeBron is joining Paul’s new representation boutique Klutch
Sports Management based in Cleveland (where James played with the Cavs before infamously jumping to the Miami Heat in 2010). LeBron filed paperwork with the NBA Players’ Association on Wednesday to make it official. Meanwhile, Paul is getting officially certified to become LeBron’s third agent since the forward entered the league in 2003 and now ranks 4th on the latest Forbes’ list of richest athletes. “Paul is a good guy who’s starting a little 4-person business,” a CAA insider tells me. “We wish them well.”
The news about the three-time NBA MVP, and 2-time Olympic Gold Medallist was first tweeted by Sports Business Journal‘s Liz Mullen overnight and is causing ripples in the sports representation world. Especially because CAA was instrumental in bringing James to the Miami Heat (but did not package that TV primetime sports special The Decision about where LeBron was going to play). James’ playing contract still has $73.9 million over four years remaining. CAA will continue to reap LeBron’s rewards — until James’ player opt-outs in 2014 and 2015. This “could be the beginning of a shift of power in the NBA,” ESPN is reporting. “James was at the centerpiece of CAA’s rise to prominence in the NBA during the past five years … and made CAA a major power broker.” READ MORE »

LeBron James’ decision about where he will play next season is certainly newsworthy but to devote a one-hour prime-time special on it?! That’s what ESPN is doing with the dramatically-titled The Decision tomorrow night at 9PM. (That name is usually used … 
