NEW YORK (CBSNewYork) — What would you buy with $315?

How about a pair of Nike’s new LeBron X sneakers?

The new sneakers, named for basketball star LeBron James, are expected to be released later this year with a possible price tag of more than $300, according to published reports.

1010 WINS’ John Montone reports

James apparently wore a version of the sneakers at the Olympics during Team USA’s gold medal winning game against Spain.

The kicks will be equipped with motion sensors measuring vertical leap and running distance. A lo-tech version of the shoe is expected to cost about $180.

The LeBron X is inspired by the diamond — both aesthetically and metaphorically — and will have Nike’s Flywire technology, Hyperfuse construction, Nike Plus functionality and the first full-length visible Zoom Air unit, according to

If the $315 price tag sticks, that would make the LeBron X Nike’s most expensive shoe to date.

Some New Yorkers found the cost absurd.

“I wouldn’t pay more than $40 for a pair of sneakers; if they’re comfortable, they fit, they look good there’s no reason to pay anything ridiculous like that,” one man said.

“Do you need a mortgage to buy that?” another man said.

Others however said the sneakers are worth it.

The company has yet to set a price for the shoe.

Would you spend more than $300 on a pair of sneakers? Let us know below…

Watch & Listen LIVE