Fear The Sword, a Cleveland Cavaliers community

This is not LeBron James saying this stuff, this is just a media phenomenon here that will pass in time," Gilbert said while appearing on "CNBC Reports."

"We're focused on this year and you know what, so is he, and he's focused on this year and next year and hopefully a long career in Cleveland, Ohio. We believe that and we think we have a great situation here and we're off to a great start

"You have to stay open-minded if you're a Knicks fan," James said before delivering his parting words. "If you guys want to sleep right now and don't wake up until July 1, 2010, then go ahead. It's going to be a big day."