Olympiakos is considering a run at LeBron James when he becomes a free agent in 2010, according to a source close to Sports Illustrated's Ian Thomsen.

As a free agent in 2010, his new contract in the NBA would start at less than $20 million annually.

The owners of Olympiakos already lose millions annually on their player payroll. It may be worthwhile to them to lose $40 million or more in exchange for the grandeur of LeBron.