Michael Jordan’s staggering 2022 earnings prove he’s still the king of basketball

Basketball legend Michael Jordan still scores a lot, even off the court. He will reportedly earn between $150 million and $250 million (£118.12 million to £196.87 million) in 2022, four times his NBA career earnings, thanks to the Nike deal.

When Jordan was a rookie, Adidas, Converse, and Nike were all willing to sign him. Despite Jordan’s preference for Adidas gear, Nike ultimately won the contest.

Nike offered Jordan a five-year contract worth $2.5 million (£1.97 million), more than double the deal offered by Adidas. On top of that, Jordan’s mother Delores insists that if Nike wants her son to be the face of their basketball line, then Nike must pay her son a 25% royalty on all shoes with Jordan’s likeness. . Nike agreed and, as they say, the rest is history.

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In 2022, Air Jordan sales reached $510 million (£4.02). As a result of his deal with Nike, which now sees him receive 5% of Jordan Brand sales, the 60-year-old has netted around $256.1m (£201.67m). It is worth noting that Nike and Jordan Brand achieved record revenue in 2022, with revenue in 2021 reaching $480 million (£3.78).

Jordan Brand made a whopping $1.94 billion (£15.28) last year, leaving Jordan with even more money in his bank account. On top of that, he sold a majority stake in the Charlotte Hornets for $3bn (£236m), taking his total wealth to over $3bn (£236m), according to Forbes. He became one of the richest athletes of all time.

What Jordan earned off the court was nowhere near what he earned during his basketball career. He earned approximately $94 million (£74.02 million) during 19 years with the Chicago Bulls and Washington Wizards. He earned $28.3 million (£22.29 million) with the Bulls from 1984 to 1995. In his final two seasons in Chicago, the star player earned $63.2 million (£49.77 million), averaging $31.6 million (£24.88 million) per season.

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After a break, Jordan came back and played for the Wizards for two seasons. He earned $1 million (£790,000) and $1.03 million (£810,000) respectively in his final two seasons in the NBA, bringing his total earnings to $93.6 million (£73.7 million).

Although Jordan retired after the 2002-03 NBA season, it is clear that Jordan still has a place in the basketball market, both on and off the court. According to ballershoesdb, 7.4% of NBA players wear Jordan Brand training shoes in the 2022-23 season, ranking third behind Adidas (10.8%) and Nike (65.1%).

If current trends continue, the greatest basketball player of all time will still have a lot of influence and his annual earnings will likely increase year by year.

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