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jordan at 50 still raking it in

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Rockslinger

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bababuey said:
10 years after retiring he is making 80 mill
pretty impressive, athletes should study how he did it
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That is amazing considering how many athletes are flat broke a few years after retirement. Allen Iverson, Kurt Shilling, etc.
 
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fun-guy

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Not all retired sportsmen are true legends like Jordan, they're rare and not all can make that kind of money.
 
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bababuey

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fun-guy said:
Not all retired sportsmen are true legends like Jordan, they're rare and not all can make that kind of money.
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erotq said:
he still has tons of endorsement deals plus his own JORDAN BRAND (with Nike)
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of course all that goes without saying, but given the great number of athletes who sqaunder their fortunes, maybe there is something to be learned from his management style/techniques, athletic talent and amount made notwithstanding
 
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Don

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Whatever he makes is small potatoes compared to how much the NBA has profited from him. MJ deserves all he earns.
 
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Don

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probably not. But it is pretty widely accepted.

Magic and Bird helped boost the NBA from a league that was losing money into a big time league. Then MJ took it to the next level.

People who go back enough to remember the 70's and early 80's can remember how unpopular the NBA was. NBA finals games were on tape delay! Imagine that... a championship game on tape delay and shown at 11:00 PM because it could not beat out prime time TV and news.
 
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basketcase

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The ESPN 30 for 30 series has a film called Broke examining the massive number who went broke after retiring.

Jordan is a little different since he made far more than most athletes but he also invested and thought about after but far too many keep on extravagant spending after they retire.

I recently some some old Bulls games and he really was so far ahead of everyone else on the court.
 
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ZeroSumPlus

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Rockslinger said:
That was just after the murder of his father. I think the year away from the NBA was good for him emotionally and physically.
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That's true... MJ needed to get away.

But it also shows that MJ is not afraid to take BIG calculated risks...
Which, I'm sure, is a major factor in his financial success.
 
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Smash

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I can see how MJ still has allot of money left over. He is known as a notoriously cheep SOB and never likes to go into his wallet.. Even Charles Barkley mentioned several years ago how cheep MJ was. Charles said that MJ would leave a ridiculously small tip at restaurants like $10. on a $300. bill. Barkley said he was embarrassed at how cheep MJ was when it came to overall tipping and paying for everyday things.

Barkley also told a story of when he paid for dinner and left a $100. tip for the waitress and MJ told him not to leave so much.lol
 
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Carling

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U Terr Ova said:
I can see how MJ still has allot of money left over. He is known as a notoriously cheep SOB and never likes to go into his wallet.. Even Charles Barkley mentioned several years ago how cheep MJ was. Charles said that MJ would leave a ridiculously small tip at restaurants like $10. on a $300. bill. Barkley said he was embarrassed at how cheep MJ was when it came to overall tipping and paying for everyday things.

Barkley also told a story of when he paid for dinner and left a $100. tip for the waitress and MJ told him not to leave so much.lol
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that's how the rich stay rich..lol
 
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ZeroSumPlus

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Carling said:
that's how the rich stay rich..lol
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Not really.

You cannot get (or stay) rich without taking business risks...
Families that don't produce entrepeneurs revert to poor in 3-4 generations.

MJ had a MAJOR gambling problem and was facing suspension by the NBA...
As a compromise he disappeared to ride Double AA buses for a year...
And work on hitting minor league curve balls.
 
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Rockslinger

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U Terr Ova said:
He is known as a notoriously cheep SOB and never likes to go into his wallet.
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On the other hand, Allen Iverson had a huge "support network". He was supporting family, friends, hangers on, managers, women, etc. Now that he is broke, I wonder how many "friends" he has.
 
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Smash

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Rockslinger said:
On the other hand, Allen Iverson had a huge "support network". He was supporting family, friends, hangers on, managers, women, etc. Now that he is broke, I wonder how many "friends" he has.
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I think MC Hammer did that also
 
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mjg1

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ZeroSumPlus said:
Not really.

You cannot get (or stay) rich without taking business risks...
Families that don't produce entrepeneurs revert to poor in 3-4 generations.

MJ had a MAJOR gambling problem and was facing suspension by the NBA...
As a compromise he disappeared to ride Double AA buses for a year...
And work on hitting minor league curve balls.
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Yes, he is a big gambler, but that is just a myth about being suspended by the league. The NBA was not going to suspend him, many players have gambling problems, like Charles Barkley. Jordan bet a lot on golf, card games and at casinos, not NBA games.
 
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Smallcock

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bababuey said:
just curious, is that in any way quantifiable?
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Yes.

NBA ratings before, during, and after the Jordan Era:
http://tvbythenumbers.zap2it.com/2008/04/20/nba-postseason-broadcast-ratings-1987-2007/3413/

"Post-Jordan decline

The retirement of Michael Jordan set in motion the decline in NBA ratings which continues today. Ratings for the 1999 NBA Finals (which in fairness, came after a lockout shortened season) were down significantly from the previous year, from an 18.7 to an 11.3. Primetime regular season games, which had become fairly routine (and highly-rated) during the Jordan years, set record lows for NBC once Jordan retired. With the rise of the Los Angeles Lakers in the early part of the 2000s (decade), ratings improved, but never to the level of the 1980s or 1990s. The highest NBA Finals ratings on NBC after Jordan left was the 2001 Finals, which featured the dominant and then-defending champion Lakers with Shaq and Kobe Bryant versus the polarizing Allen Iverson and the underdog Philadelphia 76ers. The ratings for that series were a 12.1, still down 35 percent from 1998. NBC's last Finals, in 2002, came after a resurgence in playoff ratings (including a 14.2 rating for Game 7 of the Western Conference Finals). However, the Finals itself registered the lowest ratings the event had seen since 1981, topping out at a 10.2 average." - http://en.wikipedia.org/wiki/National_Basketball_Association_Nielsen_ratings

Team value during and after the Jordan Era:
"Question: How much has the value of the Chicago Bulls changed from Jordan's rookie season to now?

Answer: The Chicago Bulls were purchased for around $16 million in 1985, and were valued at $356 million in 2004." - http://ca.askmen.com/sports/business_100/108c_sports_business.html

The sales of his merchandise in the OP's article are a testament to his impact. The continued intrigue and interest in Jordan is what brought viewers to the league. When he left, the magic of the game left with him.

At 50 years old and above his playing weight, he is still better than 19 year old NBA players: http://www.usatoday.com/story/gameo...kidd-gilchrist-charlotte-bobcats-nba/1924059/. His acclaim among fans, critics, and fellow NBA players as the best ever speaks to his lasting legacy.

That said, the NBA seems to be surging ahead again (http://www.forbes.com/sites/aliciaj...nbas-international-viewership-and-popularity/), perhaps due to a new generation of viewers who are not familiar with Jordan since they weren't alive during his reign.
 
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