By Yepoka Yeebo
DNAinfo Reporter/Producer
MANHATTAN — Madison Square Garden shares jumped 6.9 percent on Wednesday, as excitement over the possibility that basketball superstar LeBron James could sign with the New York Knicks peaked.
The increase earned James Dolan's family, which owns 20 percent of MSG, $20.5 million in one day, enough to pay for one season of LeBron James in New York, the New York Post reported.
MSG shares closed at $21.57 a share, up $1.30, the biggest one-day gain in nine weeks.
James may go back to his current team the Cleveland Cavaliers, but most experts are predicting the Miami Heat and the Knicks are currently the frontrunners.
James is expected to reveal which team he will sign with during an ESPN special from Greenwich, Conn., on Thursday night at 9 p.m.
