LeBron James and CNBC team up for "Cleveland Hustles"

CNBC announced today that the network is teaming up with LeBron James and Maverick Carter's production company, SpringHill Entertainment, and Magical Elves for a new unscripted series set in Cleveland.

Set to debut in summer, 2016, the series will give local entrepreneurs the chance to realize their own dreams while helping to revitalize struggling neighborhoods. LeBron James and longtime friend Maverick Carter will enlist the aid of four trusted business experts and associates, who will in turn invest in and mentor fledgling entrepreneurs who need a little jumpstart. In success, these four business will provide jobs and services for neighborhoods that need investment.

CNBC is a division of NBCUniversal, one of the world's leading media and entertainment companies.