The purchase of the home was related to James' affinity…

The purchase of the home was related to James’ affinity for southern California and his off-court business opportunities there, and not to basketball, a source told Cleveland.com. “He likes L.A., he plans on spending time there in the summer, and he has a growing number of business opportunities,” said a source close to James. “No one should read this as any indication about basketball. It’s a vacation house.”

More on LeBron James Business

LeBron James purchased a vacation mansion in a plum section of Los Angeles, a source with knowledge of the transaction confirmed to cleveland.com. Variety Magazine reports that James bought the 9,350-square-foot home, built in 2011, for nearly $21 million, in L.A.'s Brentwood community. James' recent partnership with Warner Bros. fueled ample speculation that he may star in a sequel to the hit movie Space Jam, or would otherwise be more involved in the motion picture industry after his successful debut as a supporting actor in last summer's Trainwreck.
LeBron James has decided to leave guaranteed endorsement income on the table for a potentially much bigger piece of the pie down the road. James has decided not to renew his option with McDonald's; he will lend his name and marketing power to fast-casual pizza franchise Blaze. In 2012, James became an original investor in the parent company, which is one of the stronger players in the assembly-line pizza concept.
Neither the company nor Carter would disclose the exact stake James has in Blaze, but a source told ESPN.com that he owns more than 10 percent of the company, which is separate from his stake in Chicago and Miami franchise rights.
Storyline: LeBron James Business
More HoopsHype Rumors
July 31, 2021 | 7:36 pm EDT Update
Former Bluejays Mitch Ballock and Denzel Mahoney have joined Damien Jefferson in signing with NBA Summer League teams on Saturday. After both were not selected in Thursday’s NBA draft, Mahoney signed to play this summer with the Charlotte Hornets and Ballock with the Philadelphia 76ers.
July 31, 2021 | 6:10 pm EDT Update

Lakers interested in Carmelo Anthony?

Jordan Schultz: #Lakers are “very interested” in the prospect of signing Carmelo Anthony, per a league source. Melo has been linked to the Lakers as a possibility, given his friendship w/LeBron dating back to high school. Anthony drilled a career-best 40.9 percent from 3 last season w/Portland.