Monday, March 3, 2014

MICHAEL JORDAN EARNED $90 MILLION IN 2013 ..


According to Forbes magazine, retired
basketball legend Michael Jordan made more
money in 2013 than any other retired athlete
in the world, earning an estimated $90million,
more than any active playing athlete aside
from boxer Floyd Mayweather Jr. who made
over $100m. And where did all the money
come for someone who hasn't played
basketball in almost 10 years? Air Jordan of
course!
Nike released the Air Jordan 10 "Powder
Blue" retro sneaker on Saturday, 20 years
after the first Jordan 10s hit shelves. Like
all the Jordan retro releases, this one
was highly anticipated and first-day sales
hit $35 million.
Retail shoe sales for the Jordan Brand in
the U.S. grew 11% last year to $2.7
billion, with basketball making up 84% of
that, according to Powell. Roughly 50%
to 55% of that goes to Nike. If you factor
in sales of Jordan apparel, the
international Jordan business and sales
at Nike stores, the Jordan brand is
contributing roughly $2 billion of revenue
to Nike, which posted sales of $26 billion
over the last 12 months. Jordan, the
man, gets a cut of every shoe, hoodie or
pair of shorts sold by Nike under the
Jordan Brand.
We estimate MJ's take from Nike was at
least $75 million last year. "Given that he
is the name that launched the brand, you
could argue that he deserves more," says
Phil de Picciotto, founder and president of
Octagon. "Jordan is the perfect athlete."
For perspective, in all of 2013, Adidas
sold $40 million in the U.S. of the
signature shoes of its top star, Derrick
Rose. The Bulls' current star guard isn't
the only one operating in the shadow of
Jordan. Reigning MVP LeBron James is
the top seller among current NBA players
with $300 million at retail last year for
his Nike shoes, according to data tracker
SportsOneSource. Jordan crushed those
numbers with $2.25 billion in U.S. retail
basketball sales in 2013. It has been
more than a decade since Michael Jordan
last appeared in an NBA uniform, but MJ
most certainly has still got it.

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