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LeBron James Made $30 Million From The Apple-Beats Deal
LeBron James Made $30 Million From The Apple-Beats Deal
Dave SmithJun 12, 2014, 19:22 IST
ReutersLeBron James sits post-game after winning Game 2 of the NBA Finals on Sunday night.Miami Heat superstar LeBron James made more than $30 million in cash and stock when Apple paid $3 billion for Beats Electronics, according to ESPN.James took a small stake in Beats Electronics during its inception back in 2008, working closely with producers and company co-founders Jimmy Iovine and Dr. Dre to promote the company's premium headphones. For some context, James was paid $19.1 million by the Heat to play basketball. So, his Beats deal netted him more money this year than his basketball playing.The news was buried in a much bigger story about the future of the Heat. They are reportedly interested in signing Carmelo Anthony this summer, one of the most sought-after NBA superstars. To sign Anthony, who is a max contract, James, and the Heat's other stars will have to renegotiate their contracts, potentially taking less money. James' off-court endorsements and investments are doing so well that he might be willing to take less money. So, in a weird way, Apple buying Beats could lead to the Heat getting Anthony, creating a dynasty in the NBA.Here's James starring in a Beats commercial from recent years:And here's James giving all of his Miami Heat teammates their own sets of Beats headphones:
