- Michael Jordan has made some huge cash for himself with Nike and helped others do the identical.
- Jordan personally reviewed Charles Barkley’s Nike contract and satisfied him to vary it.
- As a substitute of money, MJ satisfied Barkley to ask for inventory choices, which paid off handsomely.
Michael Jordan made a great sum of money in his NBA taking part in profession, however his actual fortune was earned by way of his enterprise with Nike.
Because it seems, Jordan additionally had some nice recommendation relating to Nike for his Group USA teammate Charles Barkley.
Barkley revealed on “The Steam Room” podcast that Jordan supplied him a monetary tip that wound up being price thousands and thousands.
On the time, Barkley and Jordan had been each Nike athletes.
“He says, ‘Hey man, why you want all that cash?’” Barkley recalled. “I used to be like, ‘Dude, what are you speaking about?’ He says, ‘I used to be taking a look at your contract, you making about three million {dollars}, inform Nike you need one million, and also you need the remainder in inventory choices.’ I mentioned I’ll run it by my guys.”
“This dude is the best basketball participant of all time — let’s do it.”
—Bleacher Report (@BleacherReport) May 4, 2023
As you may think about, the deal labored out fairly nicely for Barkley, because it did for Jordan.
“I really made in all probability 10 occasions the sum of money,” Barkley concluded. “And I am nonetheless with Nike to today.”