LeBron James buys L.A. mansion; 'not a basketball decision,' source says

CLEVELAND - LeBron James now owns a mansion fit for a king in the City of Angels.

James purchased a vacation home in the Brentwood area of Los Angeles for nearly $21 million, a source close to James confirmed to ESPN.com. Variety Magazine earlier reported the property acquisition.

In his contract with the Cleveland Cavaliers, James has a $24 million player option for the 2016-17 season, which he can opt out of to become a free agent next summer. However, the L.A. home should not be seen as an indication of James' potential interest in playing for the Los Angeles Lakers or Los Angeles Clippers.

"This is not a basketball decision," the source said. "He enjoys L.A. as a vacation spot and as a place to relax in the offseason."

The home, built in 2011, is more than 9,000 square feet and features six bedrooms and seven bathrooms.

A handful of the entertainment platforms with which James does business -- Warner Brothers, Disney and Starz, as well as his own production company, SpringHill Entertainment, run by his friend and partner, Maverick Carter -- are based in the L.A. area.

"His entertainment business interests are continuing to expand, and it gives him a place to conduct business from in the offseason too," the source added.

In August, James sold his nearly 17,000-square foot mansion in Coconut Grove, Florida, for $13.4 million.