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Reading: 37 Years Ago, Michael Jordan Signed His $500,000, 5 Year Nike Contract And Made His NBA Debut Against The Washington Bullets
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Home > NBA News & Analysis > 37 Years Ago, Michael Jordan Signed His $500,000, 5 Year Nike Contract And Made His NBA Debut Against The Washington Bullets

37 Years Ago, Michael Jordan Signed His $500,000, 5 Year Nike Contract And Made His NBA Debut Against The Washington Bullets

Aaditya Krishnamurthy
Oct 27, 2021
4 Min Read
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Michael Jordan, by the end of his career, was widely acknowledged as the greatest player in the history of the NBA. His resume speaks for itself. But it wasn’t just what Jordan achieved, it was how he achieved it that has so many people ready to coronate him the best to ever do it.

But Jordan was never expected to be a massive superstar. He was in the legendary 1984 draft class, which included Hakeem Olajuwon and Charles Barkley. And while he had a solid resume during his time at the University of North Carolina, the attention was on Hakeem.

Jordan even missed his draft night in 1984, as he was part of trials conducted for the Team USA’s 1984 Olympic Team. So Jordan was initially focused on his stint with Team USA at the Los Angeles games before he would join the Chicago Bulls. 

Jordan was a star in the making. And those around him had a lot of confidence in him. He was a rare exception when it comes to rookies, as he got his own shoe deal with Nike as he entered the league. At the time, Nike was a running and track shoe company who were trying to venture into the NBA. 

Yesterday, the 26th of October, marked the 37 year anniversary of Jordan signing his first Nike contract, worth $500,000 over 5 years. This was a surprise because rookies rarely got deals of this amount at the time.

And it was also the same day that MJ stepped on an NBA court for the first time, making his debut against the Chicago Bulls. He ended the game with 16 points, 7 assists, 6 rebounds, 4 blocks, and 2 steals.

37 YEARS AGO TODAY 🐐
MICHAEL JORDAN signed with Nike ($500K/year for 5 years) & made his NBA debut: 16 PTS, 7 AST, 6 REB, 4 BLK, 2 STL

SEASON HIGHLIGHTS
All-Star
All-NBA 2nd team
Rookie of the Year
28.2 PTS, 6.5 REB, 5.9 AST, 2.4 STL, 52% FGpic.twitter.com/F9DV7JwG3B

— Ballislife.com (@Ballislife) October 26, 2021

Jordan’s contract with Nike, while lucrative, had a lot of steep conditions. He had to win rookie of the year, or be an All-Star, or be able to sell $4 million worth of shoes in his first three seasons. MJ surpassed expectations, accomplishing all these within his first season.

In fact, Jordan’s shoe from his debut game recently sold at an auction, bagging a massive $1.5 million. 

MJ went on to have an incredible first season in the NBA, being named an All-Star, All-NBA Second Team and becoming Rookie Of The Year. The only player who can compare to Jordan’s rookie year is LeBron James, who accomplished the same and put up similar number while being 2 years young than Jordan when he made his debut.

Jordan would go on to have an incredible career and play against some of the best players in history. After his first playoff encounter with Larry Bird, Bird said that god was playing through Michael Jordan, as he dropped 63 points on the legendary Celtics squad.

Jordan stayed with one team for the entirety of his prime years. He played for the Chicago Bulls between 1984 to 1998, with a 2-year gap between 1993 and 1995 which served as his first retirement and brief stint in baseball.

During his career, Jordan won 6 NBA championships, 6 Finals MVPs, 5 regular-season MVPs, and a Defensive Player Of The Year trophy. His accolades are matched by few in the history of the league, and only 2 players – Kobe Bryant and LeBron James – have come close to matching the aura and star power he had in the league.

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TAGGED:Chicago Bulls ArchiveMichael Jordan
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ByAaditya Krishnamurthy
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Aaditya Krishnamurthy is a writer for Fadeaway World covering the latest news and exciting stories from the fascinating world of the NBA. After briefly working as a freelance writer in the sports and business sector, Aaditya began writing for Fadeaway World in 2021 about the day-to-day functioning of the NBA.After graduating from Symbiosis School for Liberal Arts in 2020, he worked as a freelance writer for years before beginning his MA in Communications at Penn State University. Currently, he is in the United States, and traveling to his home country of India. Aside from the NBA, Aaditya is a big sports fan, with soccer, football, Formula 1, and MMA being some of his favorites to watch.
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