VIA: 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 cofounders Jimmy Iovine and Dr. Dre to promote the company’s premium headphones.
For context, James is paid $19.1 million a year by the Heat to play basketball. So his Beats deal netted him more money this year than basketball.
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 stars.
To sign Anthony, who is a max contract player, 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's purchase of 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:
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