Miami's Party Station

Report: LeBron James made $30 million off Beats sale to Apple


In the wake of the bombshell from ESPN Wednesday night that the Miami Heat are plotting to add Carmelo Anthony to their terrific trio to make a fearsome foursome in free agency this summer, there was a small note that explains why LeBron James would be OK with taking another paycut in order to make room for Melo.

James invested in Dr. Dre’s headphones startup Beats in 2008. Last month, Apple purchased Beats for $3 billion. ESPN reported that James’ takeaway from that deal alone dwarfs what he’d have to give up to make room for his friend Anthony.

Read More