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Michael Jordan Still Makes an est. $80 Million Dollars a Year

December 15th, 2013 by Michael Tabor

Endorsements, Endorsements, and Endorsements!!! Yep, although Michael Jordan has been retired for over a decade now, he still makes about 80 million dollars a year.mikejordan
How often do we hear of a professional athlete e.g. Evander Holyfield (boxing), Terrell Owens (football), Pete Rose (baseball), Michael Vick (football), Latrell Sprewell (basketball), on & on … about how broke he is, regardless of the sport in which they’ve excelled and made millions. Invariably, there is a pathetically sad list of once multi – millionaire athletes who are now without $$$ & bankrupt. How does this happen???
Well, to begin with the money these athletes earn alone during his tenure ought to be more than adequate to enable anybody to be financially secure for the rest of his life. Unfortunately, how often do we hear about a “Lawrence Taylor” crying about how he’s spent his millions of $$$’s, blah, blah, blah.
Though I mentioned Michael Jordan to begin this blog, he is not the poster boy for someone who is frugal and pragmatic in terms of saving one’s money; he’s a notorious gambler and has been known to gamble as much as 250K on a game of golf. However, Michael Jordan has always kept his nose clean, no nasty scandals, and as a result, he still has the #1 ‘Air Jordan’ sneaker brand, along with other Jordan brand clothing lines.
So, WhaDaYaThink ? What do you think? Most superstar athletes make more money in a year than a professional middle – class executive will make in a career. So, obviously we ought not shed too many tears if Latrell Sprewell doesn’t know how to sock his millions away. However, I suppose the message is, if you want to spend, spend, spend, then behave yourself, be relevant, and then I guess the world can be your oyster and you can be like Mike.

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7 Responses to “Michael Jordan Still Makes an est. $80 Million Dollars a Year”

  1. Rick Says:

    Capitalism doesn’t discriminate. Each individual has talents and can go as far as their talents take them with the right decisions (Free Will). If we make the right decisions most of us would be better off now. Its that simple. The people who complain are simply jealous. Jealous of the money, jealous of the life style, jealous they don’t have it.Jealous individuals want to steal the glory from those that achieve or are handed down good fortune. This insecurity stems from no hope or faith in the afterlife. As the bible states the poor have an easier time entering heaven then the rich.

  2. Michael Tabor Says:

    Some FB remarks:

    James Fields Michael Jordan is not ever going to me confused for a ‘nice guy’, but there is absolutely no logical or educated no way to fault him for continuing to pull in a large annual salary.
    22 hours ago · Unlike · 1

    James Fields that said, Jordan has indeed met scandal (just maybe not as ‘nasty’ as some others), and not only was his divorce a mess (yet something money was able to scrub clean), you should relaly look deeper in to the death of his father (hint: you’re along the …See More
    22 hours ago · Unlike · 1

    Michael Tabor Interesting stuff you pointed out, James. You’re right, he’s not the nicest nor most gracious guy in the world, but he has that iconic image that sponsors and big companies know still sell with his brand. What’s incredible about MJ,is his insane competitive edge – Mike has to be #1 @ EVERYTHING !!!
    4 minutes ago · Like

    Michael Tabor Hey Rick, I’m not jealous in the least – love ya buddy
    3 minutes ago · Like

  3. Chipster Says:

    Jealous; no way! However, I have always said that a professional athlete should be grateful to make money doing something that they love. I don’t see or hear of any that appear grateful for the opportunities given to them. Instead, I hear justification for the ridiculously huge salaries that they make: my career is short, I may become injured and then what will I do. Well, you should have thought of that before and saved and invested your ridiculously high salary, rather than purchase your mansions, expensive cars, etc. Don’t get me wrong, this applies to the ridiculously high paid CEO’s too! An example of this would be Jaimie Dimon from J.P. Morgan, that man should have lost his job when the company was found to have withheld information on major trading losses. The only difference is they don’t complain about “short careers”.
    Athletes aren’t what they once were. Years ago they played for the love of the game, now they play strictly for the love of money!

  4. Rick Says:

    I really dont think Michael Jordan played for the love of money over the love of the game. He played prior too the money. The money was icing on the cake.

  5. Chipster Says:

    Oh come on. These days virtually all athletes aim for going professional for the dream of making a lot of money and an easy early retirement. Gone are the days of playing for the love of the game and I stand by that! If they were playing for “the love of the game” the baseball strike would never have happened. I know many people agree with that and that’s why many I know dropped being season ticket holders. They woke up the reality that is no longer the sport it once was.

  6. Rick Says:

    Chipster:
    I don’t see or hear of any that appear grateful for the opportunities given to them. (I hear professional sports figures always humble themselves for the chance to do what they do and thank God) I know many people agree with that and that’s why many I know dropped being season ticket holders. ( Most likely becuase the economy sucks all stadiums are slacking on attendence)If they were playing for “the love of the game” the baseball strike would never have happened (Unions strike for more then money Why did Ford workers start a Union?)Don’t get me wrong, this applies to the ridiculously high paid CEO’s too!( No body would want the headache without the money Its not their fault its their shareholders fault)Athletes aren’t what they once were.(No they are in better shape and work harder for their money)

    Now I agree alot of them make stupid decisions. I see it every Sunday with a late hit from a cornerback but thats another story. The fact is most people are not as grateful for their jobs as they should be. Anyone can go broke at anytime with poor decisions.

  7. Anonymous Says:

    Regarding the CEO’s, what do you mean, “it’s not their fault, it’s the shareholders fault”? When Jaimie Dimon refused to comply with federal laws and hid the massive losses incurred, how is that the shareholders fault. It’s a matter of greed and loss of ethics!
    Regarding the your statement “Athletes aren’t what they once were “they are in better shape and work harder for their money”. All I see are constant references to use of illegal HGH and steroids, so yeah, they’re in better shape……..with the help of illegal use of drugs; and with the loss of an ethical conscience they lie about their use. Any athlete found to be stupid enough to utilize these drugs and give themselves an unfair advantage should be dumped and forced to forfeit they pay (which would have to be written into their ridiculously outrageous contract). If they were playing for the love of the game and truly appreciated the opportunity, they wouldn’t betray people with their drug use, nor take credit for something that they achieved through illegal means.

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