Meaning of âdemonizeâ in the English Dictionary. See all translations. UK usually demonise uk â /ËdiË.mÉ.naÉªz/ us â /ËdiË.mÉ.naÉªz/. âº to try to make someone or a group of people seem as if they are evil: The Nazis used racist propaganda in an attempt to demonize the Jews.
During James' four years with the Miami Heat, NBA franchise values grew by an average of 71%, Statista reports. Over that same time, the Cavs' valuation gained just 8%. Had it followed league norms, Cleveland's team would be worth more than $800 million.
Four years later, Jordan bought out the majority shareholder to become the first former NBA player to become the majority owner of a franchise. He bought in at the right time, as the values of NBA franchises have since skyrocketed, driving Jordanâs net worth past the $1 billion mark in 2015. In 2010, when he became the majority owner of the Hornets, the average value of an NBA franchise was $367 million.