LEBRON JAMES SALARY AND DONATION

Nike’s 2015 annual report showed the company had $6.2 billion in future obligations committed to athletes, teams, leagues and colleges for sponsorships. The $31 billion-in-sales sports giant has endorsement relationships with exactly half the 100 top-paid athletes. The deals range from a lifetime agreement with LeBron James that could exceed $1 billion to ones that include free product and minimal cash that might be worth $25,000.

"I believe that in order for us to ultimately be as great as we can be as a nation, that all of us have to go back into our communities and lend our hand," James said on stage at the LeBron James Family Foundation's "We Are Family" Reunion, held for the second of what will be five consecutive years at Cedar Point.

The event is an induction into his program of the next class - Akron Public School third graders who have fallen behind academically and often come from the low end of the socioeconomic program. The mission of James' program is to help these children not only improve their reading and math scores, but motivate them to stay in school and ultimately go to college.