John Lucas, who was the coach of the Cleveland Cavaliers during the 02-03 season - the season before they drafted LeBron James - says that Cavs' management purposefully tanked that season to have a chance at drafting LeBron and making the franchise more attractive for sale.
Source:
http://nba.fanhouse.com/2010/01/13/john-lucas-cavs-tanked-to-get-lebron/
