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
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November 27, 2021 | 5:27 pm EST Update

Beno Udrih officially announces his retirement

Two-time NBA champion Beno Udrih announced his retirement from basketball at 39 years of age. Even though Udrih played his last game three years ago with Zalgiris Kaunas and has been working as player development coach on the New Orleans Pelicans since 2020, he hadn’t officially put an end to his career until today (27/11) via a post on Instagram.
November 27, 2021 | 4:00 pm EST Update