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Originally, Jordan wanted to make an endorsement deal with Adidas. Unfortunately, the company was experiencing internal difficulties at the time. The only deal Adidas could offer Jordan was the same endorsement deal they had with other superstars which only amounted to $100,000. It also irked Jordan that the company was not doing anything new in terms of branding.
Image source: sneakernews.com
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Jordan was offered half a million dollars a year for five years, an amount unheard of at the time. There were certain stipulations though on Jordan’s part. He had to accomplish one of three things to keep his contract. He had to become Rookie of the Year, become an NBA All Star player, and score 20 points per game in his first three years. According to Peter Max, the stipulation became a form of motivation for Jordan to push himself and his game further.
Peter Max moved to California to pursue a sports management degree. He likes to write blogs on sports but with a different take on the subject. To know more about Peter, visit this website.