(CNN) - President Barack Obama heads to Florida Tuesday afternoon to help raise campaign cash for his 2012 bid for re-election. And he'll be helped by some top names from the world of professional basketball.
The president's first stop is a fundraiser at the Sheraton hotel in Orlando, where he will be the main attraction at a gathering of 450, according to a source with knowledge of the event. Tickets for the fundraiser range from $25 to $35,800, the legal limit an individual is allowed to contribute to a campaign per cycle and to a party committee per year. All the money raised at the fundraiser will go to the Obama Victory Fund, which is joint account of the Obama re-election campaign and the Democratic National Committee.
Later in the evening, Obama will headline a second fundraiser at a private residence in Lake Mary, Florida. The source tells CNN that approximately 300 guests will attend, including NBA all-star Grant Hill, hall-of-famer Patrick Ewing, and former all-star and current head coach Doc Rivers. Tickets for the second event start at $1,500 per person.
Hill was an early supporter of Obama's 2008 presidential campaign, even though his mother, Janet, went to college and shared a dorm suite with Hillary Clinton at Wellesley College in Massachusetts. Last year, Obama played a pick-up game of basketball with Hill at The White House on the president's 49th birthday.
The Obama campaign has until Saturday to report how much money it raised during the July through September third quarter of fundraising. The Obama Victory Fund brought in a record $86 million in the second quarter. The Obama re-election team is pointing toward a more modest haul of $55 million in the third quarter, due to a suspension of most fundraising efforts by the president and vice president during parts of July and August during negotiations over a debt deal and the budget, and the fact that fundraising traditionally suffers during the summer months.
–CNNPolitics.com Editor Bryan Monroe contributed to this report.
– Follow Paul Steinhauser on Twitter: @PSteinhauserCNN.