Jack Kent Cooke’s “Fabulous Forum” was the NBA’s first modern arena when it opened late in 1967 at Inglewood, California. Construction cost some $16.5 million.
Put another way, the money spent to construct the Forum was less than half of the $33-plus million LeBron James will be paid next season by the Cleveland Cavaliers.
Admittedly, $16.5 million, figuring inflation, could be the equivalent of $120 million today. So … remember that Shaquille O’Neal, as early as 1996, signed a seven-year, $121 million contract to play for the Lakers in what by then was known as the Great Western Forum.