There’s a chance Carmelo Anthony could join the Miami Heat and make a Big 4 but each player would have to take a significant pay cut. Well that shouldn’t bother LeBron James because according an ESPN report, he made $30 million off the sale of Beats By Dre to Apple.
James’ off-court business is booming, thanks to a string of investments paying off massively and the prospect of new opportunities in endorsements and entertainment projects promising to expand his wealth significantly in coming years. Sources say the 29-year-old was finalizing what is believed to be the biggest equity cash payout for a professional athlete in history as part of Apple’s recent $3 billion purchase of Beats Electronics. Sources briefed on the situation say James realized a profit of more than $30 million in cash and stock in the Beats sale after he had struck a deal to get a small stake in the company at its inception in 2008 in exchange for promoting its high-end headphones.
That’s just one of James’ investments/endorsements, he has plenty more and certainly isn’t strapped for cash. Due to his lucrative off the court dealings, James has the opportunity to play wherever he wants and with whomever he wants and not have to worry about his contract. The only question now is if the other players including Anthony are willing to take less money in order to play alongside the King.
– Shaina Auxilly (@Shay_Marie)
