There was even speculation that his seven-year, $90 million shoe deal, which he signed before his rookie season, incentivize him to play in a major market. All of that was true. His initial contract featured a clause that would pay James a $1 million annual bonus if he played in a big market, sources with knowledge of the contract told The Vertical. The bonus would’ve been triggered if James had landed in New York, Los Angeles, Chicago, Boston or in the Bay Area with Golden State.
"The largest growth in LeBron’s brand at Nike was that year, 'The Decision,'" Maverick Carter said in an interview with Recode's Kurt Wagner on the latest episode of Recode Decode. Put another way: Whatever, haters! "The Decision" and the move helped James sell lots and lots of merch. That was one of the best indicators to Carter that his approach to media coverage — control the message — was working.
He made a well-received crossover into film with a prominent role in Judd Apatow's "Trainwreck"; and whispers abound that he will succeed Michael Jordan in the Looney Tunes sports movie "Space Jam 2." "Maybe we’re going to do it. There’s a lot of rumors. Nothing is set yet," Carter said of "Space Jam."
Today, Carter said he sees traditional media as "complementary" to his and James's work, and a good source of broad distribution, but he wants more and more athletes to be telling their own stories. "The media has to cover a lot of stories and a lot of athletes," he said. "If Draymond Green wants to tell a deeper, more insightful story, we [Uninterrupted] are the place for that. But he’s still going to talk to the Golden State press every day."
Warner Bros. hired a writer to work on a script for Space Jam 2, likely starring LeBron James, but the project is still early in development. A source close to the mega Hollywood studio confirmed Monday that Warner hired Andrew Dodge, who wrote the script for the 2013 comedy Bad Words starring Jason Bateman, to build out a script for the highly anticipated sequel to the 1996 hit, Space Jam. The sequel would presumably star James, the Cavaliers' superstar, who's been linked to Space Jam 2 since his own media company signed a content development agreement with Warner Bros. last summer.
The report said James would star in the movie and that Lin hoped to direct and produce the film as well, but multiple sources close to James and the studio said that neither the director nor James' participation in the film had been finalized. Warner Bros. filed for new Space Jam trademarks, a potential signal for new merchandise for a follow-up to the original film about a basketball star – in that case, Michael Jordan – playing against a cast of intergalactic monsters and Looney Tunes cartoon stars that grossed more than $230 million worldwide.
Justin Lin, Andrew Dodge and Alfredo Botello are ready to shoot some intergalactic hoops with LeBron James. The Fast & Furious 6 and Star Trek Beyond helmer is co-writing with Dodge and Botello the Warner Bros.' sequel Space Jam 2. Lin is also eyeing to direct and produce via his Perfect Storm Entertainment, and sources say he will be thoroughly involved in the creative development in the project.
Rumors of a follow-up to the live action/animated 1996 hit have been brewing for years, and picked up again when James and his company SpringHill Entertainment signed a deal with Warner Bros. in July. The Cleveland Cavaliers NBA player, who recently appeared in Amy Schumer comedy Trainwreck, will star in Space Jam 2. He's repped by WME. Sources say it's early on the in the process but that Lin and Dodge are working on the script.
New Line Cinema and LeBron James and Maverick Carter’s SpringHill Entertainment have acquired rights to an Elite Daily video by senior humor writer Connor Toole that went viral last year. They will shape a feature comedy from the video, in which the 6’10” Toole put on a suit, attended the 2015 NBA Draft day in New York and spent the night successfully fooling people that he was a second-round selection of the Utah Jazz. It brought him free drinks, and plenty of attention from women and hoops fans.
LeBron James said Blaze Pizza, the fast-food pizza chain in which he was an original investor, might be coming to Cleveland. "There is some thoughts and there is some conversations and we'll see what happens," James said Wednesday, about Blaze coming to Cleveland.
Blaze, which offers assembly-line pizza making (think Chipotle for pizza), announced its sales figures last week and were first reported by Nation's Restaurant News. "I'm a part of a company that started from the ground up," James said. "I was a part of the (beginning) when we had just two restaurants. Now we're hoping by 2018 we'll have over 200. It's great to be part of a company that's built from the ground up."
Joe Vardon: Kobe Bryant said he talks to LeBron James on the phone, about ball and business, something we hadn't heard previously from LeBron
Joe Vardon: LeBron led the NBA in salary + endorsements again last year, according to Forbes. Story to come
LeBron James will co-produce and appear in a reality TV series called "Cleveland Hustles." James and his close friend and business partner Maverick Carter are producing the series, which will make its debut this summer on CNBC. James also will make some cameo appearances. On the show, James and Carter will give four aspiring local entrepreneurs the chance to realize their dreams while revitalizing a neighborhood in Cleveland.
Which is how James arrived at last Monday, when he and Nike announced his signing of a lifetime contract. The deal, worth hundreds of millions on top of the hundreds of millions that Nike has already paid him in their 13-plus years together, was negotiated over the course of months, but it has really been under construction for years. When James signed his last Nike deal, in 2010, it included provisions to protect him. So when Kevin Durant signed a 10-year deal with Nike last summer for a reported $300 million after a bidding war with Under Armour, James knew he was going to be in position for a historic deal.
If you come to James with an offer, it is now routine business for him to find a way to step back and increase the scale. And if he can't, he probably won't do it. Next year, James is expected to have the highest salary in the NBA for the first time in his 13-year career. He knew this in 2014, which is why he became the first megastar player to take a one-year contract (with a one-year player option) in the midst of his prime, and why he did the same this past summer, positioning himself to cash in on the upcoming salary-cap spike.
Dwyane Wade: Me: Let me borrow a dollar LJ: ok I just picked up some extra money Congrats to my brother @kingjames on the lifetime deal.. #Formingablueprint #biggerthanbasketball https://www.instagram.com/p/_AdxynFCDQ/
James said he signed this deal with Nike because "I don't want to go nowhere else. I'm Nike and swoosh for the rest of my life," he said.
LeBron James has signed a guaranteed, lifetime endorsement deal with Nike that is worth at least $60 million per year, and maybe much more, as the athletic shoe-and-apparel giant sought to permanently extend its partnership with James that has already covered his entire 13-year NBA career.
James said Monday there has been a "conversation" with Nike about starting his own brand under the Nike umbrella, and "if it makes sense for us to have a 'Team LeBron,' or whatever the name will be, we'll take a look at it and we'll go from there."
Michael Jordan, who now owns the Charlotte Hornets and is the basketball icon to whom James is most often compared, last played in the NBA in the spring of 2003. According to Forbes, Nike's Jordan Brand shoe sales rose 17 percent in the U.S. last year to $2.6 billion, and Jordan's apparel and international sales also bring in $1 billion.
LeBron James has signed a guaranteed, lifetime endorsement deal with Nike, the athletic shoe and apparel giant and partner of James for his entire 13-year NBA career to date.
James and Kia took a refreshingly honest approach to their latest ad campaign, featuring James reading real tweets from people questioning whether he actually drives a Kia. James doesn’t believe it’s a problem that people are skeptical and insists he drives his Kia sometimes — including to some home games. “I have a couple cars and I love driving mine,” James said. “It’s pretty cool when you can drive something sometimes that no one thinks you’re in. So I can be away from everybody, no one’s going to think that’s going to be me in that car, but it’s a great car.”
On July 11, 2014, a few hours after LeBron James revealed in a Sports Illustrated letter that he was "coming home" to the Cleveland Cavaliers, the NBA star was on the Nike jet to Rio for the World Cup soccer final. He confided in longtime manager Maverick Carter that he wanted to create a platform where athletes could speak their minds "uninterrupted," he said, the same way he did in the SI piece. Six months later, Uninterrupted, self-financed by Carter and James, launched on Turner Sports' Bleacher Report site as a hub for a series of point-of-view video shorts from athletes. Now the duo is deepening its partnership with Turner and Warner Bros. The Time Warner companies, led by Warner Bros., have invested $15.8 million in Uninterrupted with the goal of creating athlete-centric content for many platforms, including mobile, web and social, as well as linear television and film. The venture marks the latest move into entertainment for the NBA star and the further blurring of the lines between sports and entertainment figures.
James, 30, has been featured heavily in Uninterrupted video shorts, which offer a peek behind the curtain at athletes' lives away from the game. Others participating include fighter Ronda Rousey, Golden State Warrior Draymond Green of the NBA, tennis champion Serena Williams and New England Patriots tight end Rob Gronkowski (talking about the media's handling of the NFL's Deflategate scandal). "It's giving athletes an opportunity to have a platform where they can speak about any issue," James tells THR. "They don't have to wait to be in front of a camera." Much like Kobe Bryant utilized Derek Jeter's The Player's Tribune Nov. 29 to reveal his retirement, Uninterrupted is "giving athletes a way to connect with their fans" without a traditional media intermediary, although the similarities end there.
If athletes are prime drivers on social media, their day jobs naturally limit their extracurricular activities. But James is well on his way to forging a successful non-NBA career. It is an example that others are attempting to emulate. "One of the attractive things about the athletes participating in a platform like Uninterrupted is they get to associate themselves and benefit from Maverick and the team — one of whom is LeBron — and some of the expertise they have in talking to their fans," says Matt Hong, Turner Sports executive vp and general manager. "They also benefit from the scale of a platform like Uninterrupted, which is amplified in a pretty massive way via distribution through Bleacher Report and the Warner Bros. assets."
A source with direct knowledge of James' business dealings insists the sole reason James didn't continue his relationship with McDonald's was because of Blaze. He couldn't rightly endorse two fast-food chains.
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.
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."
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.
July 23, 2021 | 3:20 pm EDT Update
Shams Charania: Sources: NBA’s COVID-19 health and safety player protocols for 2021 Summer League in Las Vegas:
Ryan Wolstat: Evan Mobley, the top big man prospect in the NBA Draft, says Raptors are “a good player development organization. Players go there, they get better. Great city and all that. There’s a lot of different teams that have that aspect and Toronto is definitely one of them.”
Jonathan Wasserman: The Warriors are bringing back Trey Murphy and Chris Duarte for second workouts this weekend, per sources
In partnership with the Lakers, world-renowned fine artist Charly Palmer and a panel of three judges will select 15 up-and-coming and established artists of color to create original pieces of work that will be showcased at the inaugural 2022 In the Paint Art Exhibition at the Los Angeles Lakers’ UCLA Health Training Center next spring. The proceeds will benefit the Contributing Artists and support the growth and development of In the Paint initiatives. In addition, Mr. Palmer and accompanying panelists will select 10 local artists to receive grants supporting their development as artists and mentorship opportunities.