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Michael Jordan

Michael Jordan’s NBA contracts

During his illustrious NBA career, Michael Jordan made $93,772,500 through NBA contracts, per Spotrac. However, thanks to Jordan Brand and other ventures, Jordan has a net worth of 2.1 billion today.

Everyone knows MJ was underpaid throughout his NBA career. The first contract Jordan signed was his rookie deal with the Chicago Bulls back in 1984. It was a seven-year, $6.3 million contract. Michael made $550,000 during his rookie season. He averaged 28.2 points per game for the Bulls and won the Rookie of the Year Award.

During his second year, Michael Jordan was only able to play in 18 games because of a broken foot. His Airness made $630,000 that season. He came back near the end of the campaign and led the Bulls to the playoffs. MJ averaged 43.7 points in Chicago’s three-game sweep defeat to the hands of the Boston Celtics. It was clear he was close to becoming the best player in the league.

Jordan won his first MVP award during the 1987-88 season. He made $845,000 while averaging 35.0 points. In September of 1988, Jordan and the Bulls agreed to a renegotiated eight-year, $25.7 million contract. Mike made $2,000,000 during the 1988-89 season. He averaged 32.5 points per contest.

During his first three-peat with the Bulls, Michael Jordan made $2,500,000, $3,250,000 and $4,000,000. After defeating the Los Angeles Lakers, Portland Trail Blazers and Phoenix Suns to capture his first three rings and Finals MVPs, Jordan shockingly retired from the NBA in October of 1993. MJ was going to play baseball as a way to honor his father, who was tragically killed.

Bulls owner Jerry Reinsdorf still paid Michael Jordan his NBA contract in 1993-94 because MJ was underpaid. The contract was worth $4 million. After playing baseball for a year, Jordan came back to the Bulls near the end of the 1994-95 season. He made $3,850,000 during the 1995-96 campaign. That’s the season when the Bulls won 72 games, MJ got MVP after missing an entire season of basketball and Chicago captured the title over the Seattle SuperSonics.

In the summer of 1996, Jordan signed a one-year, $30.14 million contract with the Bulls. He was FINALLY getting paid what he deserved since the NBA saw a spike in its revenue and the salary cap was raised.

MJ made $30,140,000 in 1996-97 and $33,140,000 in 1997-98.

After winning six championships and six Finals MVPs with the Bulls during the ’90s, Michael Jordan retired again after the 1997-98 season. However, he once again came out of retirement, this time in 2001 to play with the Washington Wizards.

Jordan made $1,000,000 in 2001-02 and $1,030,000 in 2002-03. He averaged 22.9 points in his first season with the Wizards and 20.0 points in his second and final campaign.

Michael Jordan finished his NBA career with averages of 30.1 points, 6.2 rebounds and 5.3 assists. He may have never been the highest-paid player in the league, but Jordan’s six championships and six Finals MVPs were the real prizes in the end.