Abstract: A storage apparatus and method involves a wheel storage assembly having adjustable pockets for storage therein of an article. The wheel storage assembly generally includes a pocket assembly and opposite wheel assemblies. The pocket assembly may include a core, at least two dividers installed in an offset relationship on the core, the dividers being configured to project substantially radially outwardly from the core to form a free end of each divider, and a clip mounted at the free end of each divider. A base assembly may be employed to rotatably support the wheel storage assembly. A hub of each wheel assembly may be formed with an outer, substantially rounded surface and with a tension belt installed on a base connector of the base assembly and looped around the rounded surface to control the rotational speed of the wheel storage assembly as mounted on the base assembly.