In 2018, LeBron James joined the Los Angeles Lakers with a $154 million contract, hoping to lead the team to the NBA championship, but that wasn't the biggest deal he made back then. According to insurance records reviewed, just a few months before joining the lake, a limited liability company controlled by James borrowed nearly 300 million US dollars from two midwestern life insurance companies. These two companies are a company under Guggenheim Partners providing consulting services. According to people familiar with the matter, this batch of previously undisclosed bonds due in 2049 is structured so that James can immediately obtain cash and use his future income outside the basketball court as a guarantee, including a lifetime sponsorship contract with Nike.

In 2018, LeBron James joined the Los Angeles Lakers with a $154 million contract, hoping to lead the team to the NBA championship, but that wasn't the biggest deal he made back then. According to insurance records reviewed, just a few months before joining the lake, a limited liability company controlled by James borrowed nearly 300 million US dollars from two midwestern life insurance companies. These two companies are a company under Guggenheim Partners providing consulting services. According to people familiar with the matter, this batch of previously undisclosed bonds due in 2049 is structured so that James can immediately obtain cash and use his future income outside the basketball court as a guarantee, including a lifetime sponsorship contract with Nike.