Michael Jordan Has Made Over $1 Billion From Nike — The Biggest Endorsement Bargain In Sports. I write about the business of sports. Nike revolutionized sports marketing with Michael Jordan as the brand’s muse.
What other shoe brand did Jordan almost endorse?
Michael Jordan nearly signed with Spot-Bilt over Nike after ringing O.J. Simpson endorsement. One of the hidden gems in “The Last Dance” was some of the tribulations Chicago Bulls legend Michael Jordan had to go through before signing with a sneaker brand.
Why did Michael Jordan endorse its sneaker line?
While Jordan liked Adidas, his agent, David Falk, wanted him to go with Nike. “Adidas was really dysfunctional by that time,” says Falk, who represented Jordan from 1984 to 2003. “And they had just told me, We’d love to have Jordan. … “I wanted Michael to go with Nike because they were the upstart.”
Does Nike endorse Jordan?
Michael Jordan has made roughly $1.3 billion from his deal with Nike since signing with the brand in 1984, according to Forbes. … Nike offered Jordan a $500,000-a-year deal for five years, as well as his own shoe, the Air Jordan, something that Adidas was not prepared to do.
How much did Nike pay Michael Jordan?
Nike consolidated his deal with an offer of 5% royalties to the Bulls star for Jordan Brand sales. This is the deal that has allowed to earn the major chunk of his net worth – now reportedly over $2 billion.
How much did Nike pay Tiger Woods?
Tiger Woods, winner of the last three major championships and four of the last five, has signed the richest endorsement contract in the history of sport – for $100 million.