Blog Entry

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: Jan 25, 2008
Posted on: September 24, 2011 11:43 pm
 

Michael Jordan earned $60 million last year

Nike, Gatorade, Hanes, Upper Deck, 2K Sports and Five Star Fragrances

One of the six don't make sense. Nike? Sure, I'll buy shoes cuz MJ says so. Gatorade? I'll drink that nasty stuff cuz Mike likes it. Upper Deck? I'll buy their stuff. 2K Sports? I'm down to play virtual MJ! Five Star Fragances... not my cup of tea, but I'm sure there's some loons out there who even want to smell like him.

But.................. Hanes? Talk about a wasted marketing budget. How does Hanes and MJ make sense? MJ's a one-of-kind, Hanes makes cheap underwear and t-shirts. Nobody wears Hanes just because of MJ.



Since: Aug 21, 2007
Posted on: September 24, 2011 11:02 pm
 

Michael Jordan earned $60 million last year

Carolina,  Speaking of tools. They are not talking about his peak performance years they are talking about his peak earning years which are obviously different.

Take a chill pill !!!!!!!!!!!!!!!!



Since: Sep 17, 2011
Posted on: September 24, 2011 10:49 pm
 

Michael Jordan earned $60 million last 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 .)



Please tell me where it says, he was making 50 million dollars (EVERY YEAR) off the court though sponsperships?     He made 50 million during his peak years.....WHICH MEANS A FEW YEARS TOGETHER....not every year.   COMBINED SALARY FOR 2 YEARS = EVERYTHING, ENDORSEMENTS, 2 YEARS PAY, ETC.

Damn Kobe bryant makes roughly 25 million a year and lebron james makes around 16 million a year.  Your gonna tell me back in the 90's Michael Jordan was making more money then these guys in 2010-2011?   MJ always speaks about how much athletes get paid now compared to what lousy money he use to make.  

Im done here....Read up on MJ before you make yourself look bad...AGAIN !



Since: Sep 17, 2011
Posted on: September 24, 2011 10:39 pm
 

Michael Jordan earned $60 million last year

AGAIN... i wish you uneducated nerds would do some research before you type some lame garbage about his salary.  First off i didnt leave out his 1996-97 and 1997-98 season salaries on purpose.   If you read the article it says " earnings made in his peak years". PEAK YEARS !

Do you need to read it again?  IN HIS PEAK YEARS?  He retired in 1993 and came back in the 1994-95 season.  After 1995 t was the winding down of his career.  1996-97 and 1997-98 are not his peak years. (Even though the bulls won the title that year) These 2 years it said....the last 2 years he was with the bulls he made a COMBINED SALARY OF 63 MILLION. 

So please pay attention and read.  And if you uneducated nerds wanna leaen more, search for how many years he made 50 million in endorsements.  You nerds act like he made 50 miliion each year of his career in endorsements.  HE MADE 50 MILLION DOLLARS IN ENDORSEMENTS DURING HIS.....................PEAK YEARS. 

Cmon,  why am i even here?  You both just made my IQ drop.  I hate talking to uneducated NERDS !   Before you type again, do research on Michael Jordan.  Theres a reason why you both dont understand.  You dont know jack about what your talking about.




Since: Dec 12, 2010
Posted on: September 24, 2011 9:04 pm
 

Couple Years Missing

The earlier chart is missing MJ's last two seasons in Chicago.

1984-85 - $550,000 
1985-86 - $630,000 
1986-87 - $737,500 
1987-88 - $845,000 
1988-89 - $2,000,000 
1989-90 - $2,250,000 
1990-91 - $2,500,000 
1991-92 - $3,250,000 
1992-93 - $4,000,000 
1993-94 - $4,000,000 
1994-95 - $3,850,000 
1995-96 - $3,850,000 
1996-97 - $30,140,000 
1997-98 - $33,140,000

Read more: 



Since: Nov 21, 2006
Posted on: September 24, 2011 8:54 pm
 

Michael Jordan earned $60 million last year

Right...

I you're such an expert on Michael Jordan, you should know that he played for the Bulls past the 95-96 season, so why did you stop listing his salaries at that point?

From the article you claim I was incapable of reading:

"He also banked $63 million in combined salary during his last two years with the ."

Now let's look at his basketball-reference page:





1996-97 $30,140,000
1997-98 $33,140,000


So that's why you didn't list them.  You didn't know what numbers that large not in word form meant.  So what happens when you add $50 million in endorsments to $30+ million in salary?  You get $80+ million, which is what I said in my last post.

All the name calling you did looks genius now.




Since: Sep 17, 2011
Posted on: September 24, 2011 8:34 pm
 

Michael Jordan earned $60 million last year

PARKG...your an idiot and maybe you need to read before you type your uneducated info on this board.  The article says MJ made more off the court in 2011 than when he was in his peak years. Yes this article is right.  Now you hold up your fingers or get your calculator you uneducated nerd.   Follow this closely : 

Michael Jordans yearly salary while with the bulls.

1984-85 = 550,000
1985-86 = 630,000
1986-87 = 737,500
1987-88 = 845,000
1988-89 = 2,000,000
1989-90 = 2.250,000     &n
bsp; 
1990-91 = 2,500,000 
1991-92 = 3,250,000
1992-93 = 4,000,000
1993-94 = 4,000,000
1994-95 = 3,850,000
1995-96 = 3,850,000

Now you add the 50,000,000 MJ made off the court in endorsements in his peak years with any one of his yearly salaries..IT DOESNT EQUAL 60,000,000. 

So before you go spitting your uneducated garbage, think before you type.  Its ashame we have people like you that come on here and blast someone for not being able to add,  when actually,  ITS YOU THAT CANT ADD.  ITS YOU THAT DIDNT READ.  ITS YOU, THAT IS QUITE FRANKLY,  A WASTE OF HUMAN LIFE.  Its so sad to see your garbage posted. 



Since: Jul 22, 2011
Posted on: September 24, 2011 7:09 pm
 

Michael Jordan earned $60 million last year

This is just a good way to show that the NBA has the ability to make a large amount of money. Jordan still has a large impact to this league. In short the NBA should use Jordans success as a pattern to make the league just as succesfull. Its also very sad that there is so many Kobe haters out there, hes the hardest working most competitive player by far that they have in the NBA. But no hes not Michael Jordan, hes Kobe Bryant. He did have Shaq and did have Pau Gasol, they did win championships together and the only constant on those champion teams was Kobe. Not Shaq, and not Pau, only Kobe. So you people need to learn to use your not so bright heads once in a while.



Since: Nov 21, 2006
Posted on: September 24, 2011 7:06 pm
 

Michael Jordan earned $60 million last year

Jordan is the epitome of basketball excellence and has a business mind very few has seen in sports. Amazingly, he's earning MORE now than he was while playing ball.




Uhh.. yea.  Only if you knew how to read, you would see he isn't.  When you combine salary and endorsements, he was making over $80 million a year during his playing career.  Using grade school math tells us that $80+ million is more than the $60 million he made last year.  When you account for inflation, he was making way more during the peak of his playing career.



Since: Nov 21, 2006
Posted on: September 24, 2011 6:55 pm
 

Michael Jordan earned $60 million last year

You can't compare stats between the two since their careers barely overlapped.  Their peaks were in completely different eras of the NBA.  Jordan's rookie year, the league average was 110.8 PPG.  During Kobe's entire career so far, one team (2007-08 Warriors, 111ppg), have averaged 110.8 pts or more per game.  In Kobe's rookie year, the highest scoring team in the league averaged 103.1 ppg while the league average was 96.9 ppg.  That's a HUGE difference.  For most of Jordan's career, the NBA as a whole was a much higher scoring league than when Kobe played which means more shots, more chances to score, more rebounds, more assists opportunities.

You never watched an NBA game during any season Jordan played in if you think Kobe is closer to McGrady than Jordan.  Simply idiotic.  Jordan is probably the greatest who ever played, but from an all around capability standpoint, Kobe is #2 and not that far behind.


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