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Michael Jordan
$78 Million Dollars A Year

What can you say about Michael Jordan. He's a great athlete and business man. Over his 16-year playing career, Jordan is said to have stimulated billions of dollars in business.

Beneficiaries include individual teams that have enjoyed sold-out arenas virtually each time he stepped onto the court, media partners like CBS, NBC, ABC and TNT (not to mention ESPN this season) that have basked in higher ratings because a nation clamored to see his awe-inspiring moves, the NBA itself which reaped growing rights fees, and corporations that became the gold standard because they used No. 23 to pitch their products.

At an estimated $78 million a year, Jordan was the top money-maker in sports last year. He earned $33 million from the Chicago Bulls, and the rest from endorsements, investments and other sources. Jordan gets more than $20 million annually from Nike, with whom he first signed in 1984, based in part on a percentage of sales. The company paid Jordan more in 1992 than it paid the entire work-force of 75,000 workers employed by its subcontractors in Indonesia to manufacture basketball shoes. He also has endorsement deals with Gatorade sports drinks, food and clothing maker Sara Lee, Quaker Oats, cereal maker General Mills, MCI WorldCom and battery maker Rayovac. His personal fortune has been estimated at half a billion dollars.

Michael Jordan, the best known athlete in the world, is a leading scorer in the National Basketball Association (NBA), who led the Chicago Bulls to many recent NBA championships. He is, by far, and will be for a time to come, the best basketball player in the history of the game. Jordan was born in Brooklyn, New York, and raised in Wilmington, North Carolina. He accepted a basketball scholarship from the University of North Carolina and as a freshman scored the winning basket in the 1982 NCAA championship game against the Hoyas of Georgetown.

Despite not playing for three seasons from 1998-99 through 2000-01, Jordan was still probably the most recognizable athlete in the world during that time. However, after assuming an ownership and team executive role with the Washington Wizards in 2000, he returned to play the game he loves as a Wizard upon signing a two-year contract on September 25, 2001.

He is not only the top player of his era, but is quite possibly the best player ever to wear the uniform of an NBA team. A legend on the court, Jordan added to his mystique with a totally unexpected retirement just before the 1993-94 season. After a year spent playing minor league baseball, he authored yet another amazing chapter to his story by returning to the Chicago Bulls late in the 1994-95 campaign with his basketball skills intact. By the end of the 1997-98 season, he had won a record 10th scoring title and led the Bulls to their sixth NBA championship of the 1990s.

A summary of Jordan's basketball career inevitably fails to do it justice. The 6-6 Brooklyn native attended high school in Wilmington, North Carolina, where he was cut from the basketball team as a sophomore. He spent his college career at North Carolina, playing for an NCAA Championship team as a freshman and hitting the game-winning shot in the title game. He was named College Player of the Year by The Sporting News in both 1983 and 1984 and won the Naismith and Wooden Awards in 1984. After his junior year he was chosen with the third overall pick in the 1984 NBA Draft by the Chicago Bulls.

Jordan burst into the big time with a fabulous first season, earning the NBA Rookie of the Year Award in 1984-85 after averaging 28.2 points per game. An injured foot sidelined him for 64 games in his second campaign, but he came back late in the year to score an NBA playoff-record 63 points in a first-round game against the Boston Celtics. Starting with the 1986-87 season he began a career-long onslaught on the NBA record book. That year saw him average 37.1 points in the first of seven consecutive seasons in which he led the league in scoring (a feat matched only by Wilt Chamberlain) and topped 30 points per contest. By the time he announced his retirement in 1993, he had earned three league MVP Awards, an NBA Defensive Player of the Year selection, a pair of NBA slam-dunk championship titles, seven berths on the All-NBA First Team and six selections to the NBA All-Defensive First Team. He also led the league in steals three times. A nine-time All-Star Game selection, he earned the game's MVP Award in 1988 after a 40-point performance.

More than just a scoring machine, Jordan also showed that he was a leader and a winner by guiding Chicago to a trio of NBA Championships. As a rookie, he joined a Bulls team that had won only 28 games the previous season. By 1991 the club had topped 60 wins during the regular season while marching to the first of three consecutive titles.

If anything, Jordan was even more spectacular in postseason play. Prior to his retirement he had averaged below 30 points per game in the postseason only once (29.3 ppg in his rookie year). In the 1985-86 postseason he poured in an astounding 43.7 points per contest. He left basketball temporarily in 1993 as a three-time Finals MVP, and he owned a career playoff average of 34.7 points per game, the best in NBA history. He also had two Olympic gold medals to show for his participation on Team USA in 1984 and 1992.

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