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Michael Jordan earned $60 million last year

Posted on: September 24, 2011 3:37 pm
Edited on: September 24, 2011 9:18 pm
 
Posted by Ben Gollivermichael-jordan-suit

Breaking news: Michael Jordan is still super rich and marketable.

Forbes.com, the world's leading expert in determining and ranking the wealth of rich people, reports that Jordan actually made more money off the court in 2011 than he did during his career, even though nearly a decade has passed since his retirement. 
We estimate that Jordan earned $60 million over the past year mainly through his endorsement deals with Nike, Gatorade, Hanes, Upper Deck, 2K Sports and Five Star Fragrances. He also owns five restaurants and a car dealership in North Carolina. His annual earnings are greater than any other sports figure save Tiger Woods who topped our world’s highest-paid athletes this year.

At Jordan’s peak during his playing career, he was making $50 million off the court through sponsorships. He also banked $63 million in combined salary during his last two years with the Bulls.
Well, now we know what television commentator Charles Barkley was talking about when he recently said that a $100,000 fine Jordan received from the NBA for violating the league's lockout gag order was just a "drop in the bucket" for his golfing buddy. My goodness. 

By comparison, Forbes.com also notes that Los Angeles Lakers All-Star guard Kobe Bryant is the leading current NBA player in endorsement income, netting $53 million. Miami Heat All-Star forward LeBron James checks in at $48 million. Those numbers include their current salaries.

You can also look at it this way: Jordan, who recently became the majority owner of the Charlotte Bobcats, took home more in endorsement money last year than he is currently scheduled to pay in salary to his entire team in 2011-2012. StoryTellersContracts.com estimates that the Bobcats will spend $53 million to pay 11 players next season. 

Forbes atributes Jordan's outstanding earning power to his popularity, likeability, the fact that he generally avoided scandals and controversies during his career and that he didn't face the same scrutiny as athletes of today.
Comments

Since: Dec 18, 2007
Posted on: December 1, 2012 12:58 am
 

Michael Jordan earned $60 million last year

Your sense of reality is a little warped if you're upset because one of the most famous men in the world didn't send you a personal thank you note for something you sent him unsolicited.  I know professional athletes who receive 'gifts' every single day from people like you. It takes up entire rooms of their house. They wouldn't be able to live their lives if they had to send thank you notes to everyone who sent them something.  Get to that level of fame and people will be falling all over themselves to do you favors and send you stuff.. which becomes a much bigger burden than its worth.. I'm sure Mike would rather you keep your clubs and not bash him in a public forum.



Since: Feb 22, 2008
Posted on: September 26, 2011 2:29 pm
 

Michael Jordan earned $60 million last year

Go Sixers. Whassup?



Since: Aug 6, 2008
Posted on: September 26, 2011 2:18 pm
 

Michael Jordan earned $60 million last year

Hey people,


He deserves every penny. He is the greatest!!! He is an ICON!!!


And for all the haters, stop being jealous.

He is the one and only and no one will ever change it Laughing


Good Bless You, Mike!!! Keep it up!!!




Later,

Die-hard MJ and BULLS fan!




Since: Jun 15, 2010
Posted on: September 26, 2011 10:50 am
 

Michael Jordan earned $60 million last year

Who wouldn't and who doesn't? You see guys everyday playing at the YMCA's around the country if that trying to regain their youth/ No its just staying in shape and the love for the game. Get a grip if we had the money to play with professional players to see how we rate we would I know i would and it has nothing to do with when the cheering stops. I play with my kids in the driveway and beat them knowing one day they will eat me tail up. Its just the natural order of things. Don't be jealous of what the next man can do. Do you and stop worrying about Mike he has enough on his plate to deal with on his own. If I could go back in time I would to and thats only if I could keep my children and my grands. That is what fulfills us when we get older not money or fame its family and living through them Mike has sons and daughters I think he is living through them.



Since: Sep 7, 2011
Posted on: September 26, 2011 9:46 am
 

Michael Jordan earned $60 million last year

"One day you might look up and see me playing the game at 50." That was Jordan's last comment at his Hall of Fame inductment.   He just can't let it go can he?  He still wants people to know he is/was the best basketball player in history and spent 25 minutes telling us that when he was inducted.  Those words should be left for others to speak.  Clearly after all these years the only thing bigger than MJ's wallet....is still his ego.  Having said that...I do think he deserves every penny.  He was the single greatest infulence on American sports in the past 30 years.  Hey Mike...see how much better that sounds when someone else says it.




Since: Sep 5, 2006
Posted on: September 26, 2011 2:21 am
 

Michael Jordan earned $60 million last year

amen



Since: Jul 9, 2008
Posted on: September 25, 2011 10:05 pm
 

Michael Jordan earned $60 million last year

ಠ_ಠ

No.



Since: Mar 25, 2011
Posted on: September 25, 2011 8:33 pm
 

Michael Jordan earned $60 million last year

Can't we all just get along?



Since: Nov 29, 2006
Posted on: September 25, 2011 8:30 pm
 

Michael Jordan earned $60 million last year

All the money in the world, and Jordan is still an unhappy man. His self esteem and confidence is lacking, despite all his outward bravado. This is the same tourbled guy who suited up last year with his team, in a pathetic effort to show that he "still had it". It was one of the most embarrassing moments in sports history. How lame is that anyway? When 100% of your identity, manhood, and self esteem is attached to the ability to push an inflatable sphere through a metal ring, you are in sad shape. There's nothing more pathetic than an old man still trying to cling to his glory days. This is why most people get an education, a real one, not one of those basket weaving degrees awarded to "student athletes". Most of these idiots can't see past tomorrow. They can't imagine themselves not being able to do the things they used to. They are not prepared for life after sport. Yes, they have ALL the money they could ever spend, but they don't have that "mojo" anymore. The mojo that they think makes them a desirable mating prospect and alpha male. They think dunking a basketball somehow gives them that. Jordan can't deal with it. He can't stand it that he is over the hill, and is insanely jealous of the younger players who still have the swagger. He can't give it up. Jordan's wealth may qualify him for high society and an elite lifestyle. But his background emanates from a more primal and primitive value system whereby alpha males are defined not by money, but by biceps. Jordan would give up every penny he has, just to be thirty years old again. He wants the spotlight. He craves it. He is having a hard time living without it. 



Since: Jul 13, 2011
Posted on: September 25, 2011 5:40 pm
 

Michael Jordan earned $60 million last year

that statistic about the bobcats salary to jordan's endorsement deals is a bit scewed becasue the bobcats recently unloaded theiir roster to overhaul the team (the reason why they sent their best polayer, gerald wallace, to the blazers for not much in return)


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