The Apple-Beats deal is apparently a big slam-dunk for LeBron James.
In a story about the Miami Heat possibly targeting free-agent Carmelo Anthony, ESPN writers Marc Stein and Brian Windhorst casually mentioned that Lebron James realized a $30 million payout after Apple agreed to buy Beats Electronics.
While James was leading the Heat to a victory over the Indiana Pacers in the Eastern Conference finals, 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.
For wearing headphones, he would get $11 million more than he makes per year for doing what he does best, playing basketball.
Please read more in the Washington Post.