{"id":1507490,"date":"2022-05-12T18:19:00","date_gmt":"2022-05-12T22:19:00","guid":{"rendered":"https:\/\/sports7.us\/?p=1507490"},"modified":"2024-02-27T10:22:17","modified_gmt":"2024-02-27T15:22:17","slug":"michael-jordan-still-make-money-air-jordans","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/michael-jordan-still-make-money-air-jordans\/","title":{"rendered":"Does Michael Jordan Still Make Money From Air Jordans?"},"content":{"rendered":"\n

Michael Jordan<\/a> is the NBA's greatest player of all time. This Chicago Bulls legend has also excelled off the court in the business world as well. Despite earning plenty of dough during his career, most of Jordan's earnings are now off the court, thanks to his signature shoe, the Air Jordans, and his personal Nike apparel Jumpman label. His deal with Nike has helped him become the wealthiest retired athlete in the world, and even though the global icon hasn't played pro basketball in 20 years, he is still making money from Air Jordans. <\/p>\n\n\n\n

The history of the Air Jordans<\/strong><\/h2>\n\n\n\n
\"Michael
Michael Jordan at the Air Jordan 2009 reveal | Kelly Kline\/WireImage for Bragman Nyman Cafarelli<\/figcaption><\/figure>\n\n\n\n

The Air Jordan shoe brand came about after Michael Jordan signed a deal with Nike in 1984. <\/p>\n\n\n\n

At this time, Converse was the official shoe of the NBA, but Jordan's agent, David Falk, convinced him to make a deal with the fledgling running shoe brand after Nike exec Sonny Vaccaro approached Jordan's parents. <\/p>\n\n\n\n

Jordan was unaware at the time that this deal would make him the richest basketball player of all time.<\/p>\n\n\n\n

When Nike approached Jordan, they had just created a new technology for their running shoes called air soles. Because Jordan played “in the air,” he was the perfect brand endorser for these shoes. This is how the Air Jordan sneakers came into being. <\/p>\n\n\n\n

During the deal's signing, Nike hoped to make $3 million. <\/p>\n\n\n\n

They blew past that number almost immediately and made $126 million in the first year. Meanwhile, Jordan's deal with Nike included a clause for royalties, which is how MJ still makes (lots of) money in 2023 from Air Jordans. <\/p>\n\n\n\n

Michael Jordan's royalties from his signature sneakers have skyrocketed his net worth<\/strong><\/h2>\n\n\n\n
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