While the amount they own is undisclosed, the franchise is valued at over 3 billion, according to CNBC. James’ agent Rich Paul told CNBC, “It’s breaking down the barriers. You’re talking about a game that was once limited. Jackie Robinson and Roberto Clemente – guys like that people didn’t even want to play the game. The Negros had to have their own league to us now owning and representing in that business sector. It’s a testament to us continuing to evolve and not being complacent.” LeBron James is not leaving basketball anytime soon. In December, James and the Los Angeles Lakers reportedly agreed to a two-year, $85 million contract extension.
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