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R.I.P FATHER NELLY!

Miami Celebrates LeBron's Arrival, Rick Ross, DJ Khaled, Luke Weigh In

Former Cleveland Cavaliers star LeBron James celebrated his new deal with the Miami Heat during a celebration for 13,000 fans at the American Airlines Arena last night (July 9th) in Miami, Florida.

LeBron James, Dwayne Wade and Chris Bosh - dubbed the three kings - were lifted on to the stage on a fork lift, in front of thousands of screaming fans.

The trio has played together in the past, earning a gold medal for U.S. Olympic Basketball team during the 2008 Olympics in Beijing.

“It feels right to be in this position to wear this uniform,” James told Miami fans. “We’re going to make the world know the Heat is back.”

Fans in Cleveland are taking the news of James’ departure hard.

In addition to burning LeBron’s iconic “23” jersey, a 10-story-tall image of LeBron James on a mural in downtown Cleveland is coming down today (July 10th).

The city of Cleveland and the region of Northeastern Ohio, is expected to lose between $20 million and $40 million dollars, now that James has left the city.

And while fans in Cleveland sulk over the 25-year-old’s departure, three of Miami’s top rappers believe the “Three Kings” will be good for their city.

"Heat is the new ming dynasty," rapper Rick Ross (@rickyrozay) told AllHipHop.com last night, while DJ Khaled added: With Bron coming all we'll do is win, win, win no matter what. The city deserves this."

``LeBron isn't just a basketball player, he's a brand, and that brand is sold worldwide,'' accountant Tony Argiz, a partner with Morrison, Brown, Argiz and Farra, told the Miami Herald.

The three players’ presence in the city is expected to bring between $500-600 million dollars into Miami factoring sponsorships, ticket sales, real estate purchases, hotel sales, nightlife earnings and potential play-off revenue.

“This is the biggest thing that has ever happen in Miami every game the world will eyes will be on Miami,” Luke told AllHipHop.com. “I am so happy that I have been fan from day one. And happy for my city.”

LeBron James is expected to appear in New York tonight (July 10th) during Carmelo Anthony’s wedding to LaLa Vasquez at Cipriani’s on 42nd Street.

Jay-Z, Black Eyed Peas Rake In Tens Of Millions In Tour Money

The Black Eyed Peas and Jay-Z are among the top grossing touring acts in the world, according to new data released in Pollstar’s Mid Year Business Analysis.

The Top 100 Tours list is based on data surrounding a variety of artists and venues’ ticket sales during the first six month’s of 2010.

The Black Eyed Peas and Jay-Z are the only Hip-Hop acts on the entire list.

So far The Black Eyed Peas have pulled in $29.5 million, placing them at #6 on the chart, while Jay-Z is sitting comfortably at #12, with $22.5 million earned so far.

The rappers placed far above veterans like Elton John, Billy Joel and Eric Clapton.

So far, Bon Jovi is sitting at #1, by earning $52 million dollars in the past six months.

Other artists to make the list include Alicia Keys, who earned $11.7 million to take the #27th spot, while Mariah Carey has earned $9.1 million, placing her at #36.

On the worldwide ticket sales level, AC/DC is the highest earning band in the world, raking in $177.5 million, while The Black Eyed Peas are #5 in the world, with at total of $48.4 million earned.

Jay-Z’s international touring strategy has earned him another $24.2 million dollars, placing him at #23 worldwide.

Overall, ticket sales are down according to Pollstar’s data. The combined amount of tickets sales for the Top 100 artists was $965.5 million, down $196.8 million from 2009.

According to Pollstar, the 17% drop is the largest dip in ticket sales since 2005.