How Much Michael Jordan Made From the NBA

Michael Jordan is the greatest basketball player of all time. He was also one of the wealthiest athletes in the world. Here’s a look at how much money MJ made during his playing career.

Michael Jordan’s NBA Salary

Michael Jordan is a retired professional basketball player who is considered by many to be the greatest of all time. He played 15 seasons in the NBA for the Chicago Bulls and Washington Wizards. During his time in the NBA, Jordan made a total of $93 million in salary.

Michael Jordan’s rookie year salary

The 1970s saw the beginning of a new era in professional basketball. In 1976, the NBA introduced a rookie salary scale in an effort to control escalating player salaries and free agent movement by creating a more level playing field for all teams. As part of this scale, first round draft picks were given set salaries based on where they were drafted. Michael Jordan was the third overall pick in the 1984 NBA Draft, behind Hakeem Olajuwon (1st) and Sam Bowie (2nd), and as such, he was given a rookie salary of $550,000.

Michael Jordan’s salary during his first retirement

Before Jordan’s first retirement, he was the highest-paid player in the NBA, earning $4 million a year. But when he came back to the league in 1995, his salary was cut in half to $2 million.

Michael Jordan’s salary during his second retirement

Michael Jordan’s salary during his second retirement is reported to be $1 million. This is a significant decrease from the $33 million he was making during his first retirement.

The decrease in salary is due to the fact that during his second retirement, Jordan was only a part-owner of the Charlotte Bobcats. As a part-owner, he did not have the same level of control or input as he did as a player. Therefore, his salary reflects this change in status.

Michael Jordan’s Endorsement Deals

Michael Jordan has made more money from his endorsement deals than he ever did playing basketball. In fact, he’s made more money from endorsements than any other athlete in history. So, just how much money has MJ made from endorsements?

Michael Jordan’s endorsement deals with Nike

Michael Jordan’s endorsement deal with Nike began in 1984, and for his services, he was paid $500,000 per year. In just the first three years of his contract, Nike sold $100 million worth of Jordan-branded products. Three years later, sales had tripled to $300 million. In 1997, Jordan signed a new contract with Nike that was reported to be worth $20 million a year for five years, or a total of $100 million. At the time, it was the most lucrative endorsement deal ever signed by an athlete.

Today, the Jordan brand is worth an estimated $3 billion and accounts for more than 50% of Nike’s basketball shoe sales. While the exact amount Jordan has earned from his Nike deal over the years has not been disclosed, it is safe to say that it has generated hundreds of millions of dollars in revenue for both Nike and Jordan himself.

Michael Jordan’s endorsement deals with Gatorade

Gatorade was Michael Jordan’s first major endorsement deal, and it made him the face of the company. He first signed with Gatorade in 1991, and his contract was renegotiated in 2001. The terms of the new contract were not made public, but it is believed to be worth more than $20 million a year.

Jordan’s involvement with Gatorade went beyond simply being a pitchman for the product. He was also given a minority stake in the company, and he reportedly had a say in the design of Gatorade’s products. In addition, he established the “Be Like Mike” campaign, which sought to encourage kids to pursue their dreams.

Gatorade’s association with Jordan helped make it one of the most popular brands in the world. It also made Jordan one of the richest athletes in history. His estimated earnings from endorsements are said to be in excess of $1 billion.

Michael Jordan’s endorsement deals with Hanes

Michael Jordan’s endorsement deal with Hanes is worth an estimated $10 million. The deal, which was signed in 2010, is one of the largest in the company’s history. Jordan will appear in television, print, and online advertising for the underwear brand.

Michael Jordan’s Business Ventures

Michael Jordan is a former professional basketball player and is considered one of the greatest basketball players of all time. He is also a successful businessman, and his business ventures are vast. He has had many successful businesses, but how much has he made from the NBA?

Michael Jordan’s ownership stake in the Charlotte Hornets

Michael Jordan is the majority owner of the Charlotte Hornets, an NBA team based in Charlotte, North Carolina. He bought a controlling interest in the team in 2010 for $275 million. The Hornets are now worth $1.05 billion, according to Forbes. That means Jordan’s stake in the team is now worth about $500 million.

Jordan’s involvement with the Hornets is not just financial. He is also heavily involved in the team’s management and operations. He has a close relationship with Hornets general manager Mitch Kupchak, and he is often consulted on personnel decisions. In 2018, he hired former NBA player and coach Jerry Stackhouse to be the head coach of the Hornets’ G-League affiliate, the Greensboro Swarm.

Jordan’s business ventures go beyond basketball. He has also invested in a number of other businesses, including restaurants, real estate, and golf courses. He has an estimated net worth of $1.9 billion.

Michael Jordan’s investment in the Charlotte Bobcats

Michael Jordan is the majority owner of the Charlotte Bobcats, which he bought in 2010 for $275 million. He is also the chairman of the team’s Board of Directors. The team is currently valued at $1.05 billion.

Jordan’s purchase of the Bobcats was his first major investment in the NBA. He had previously held a minority stake in the Washington Wizards (now the Washington Wizards), but sold his share in 2006.

Michael Jordan’s restaurants

In 1991, Michael Jordan opened his first restaurant, One Eleven, in Chicago. The upscale steakhouse was a success, andJordan eventually opened two more locations in North Carolina and Illinois. He also had a minority stake in a chain of sports bars called Sports Corner Cafe.

Jordan’s restaurants were not without controversy. In 2003, he was sued by former employees of One Eleven who alleged that they had been racially discriminated against. The case was settled out of court for an undisclosed amount.

In 2010, Jordan sold his stake in the restaurant chain to an investment group. He has since opened a number of other businesses, including a golf course, a basketball team, and an apparel line.