Michael Jordan, who made over $1 billion from Nike, has scoffed at his own agent’s iconic suggestion that ultimately helped him earn millions after 1985

Fans are probably aware of the iconic contract between Michael Jordan and Nike. The endorsement deal not only changed Nike’s future, but also gave Jordan’s career a boost. At the time, Nike was not a big name in the industry. Moreover, Jordan already had his sights set on Adidas. However, due to a lack of interest from them, MJ decided to go ahead with Converse.

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Michael Jordan was about to seal the deal with Converse. However, the shoe brand failed to meet Jordan’s demands. That’s when Nike stepped in. While Adidas and Converse couldn’t commit to Jordan, Nike desperately needed him. Additionally, Jordan’s agent David Falk wanted him to sign with Nike as most of his clients wore that particular brand. However, MJ was adamant about signing with Adidas and asked Falk to make it happen. Finding no other way, Falk went to MJ’s parents and told them about the Nike presentation Jordan was scheduled to attend. Eventually, Jordan attended the reunion with his parents and Falk.

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After a little more persuasion, MJ accepted the contract and the rest is history. Did you know that the brand name that now represents Jordan around the world was given by Falk?

Michael Jordan finds David Falk’s suggestion ridiculously funny

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After enjoying a successful season as a rookie, Michael Jordan continued his second season with the Chicago Bulls. However, things turned sour when Jordan suffered a broken left foot. By then, MJ had only played three games in his sophomore season. The future was not bright for Jordan and Nike. However, the launch of the Air Jordan series brought in over $100 million in annual revenue for the company. From then on, things only got better for both parties.

“The irony of the Air Jordan deal, it’s probably the best deal I’ve ever done and it’s probably the worst deal I’ve ever done because nobody had a clue, including Nike, that you could sell $100 million worth of shoes for a rookie in his first year,” Falk said.

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Therefore, it can probably be said that the Air Jordan brand played a major role in rescuing Nike. According to SI, it was Falk who coined the iconic Air Jordan name. However, Falk was ridiculed by His Airness when he first suggested the name to him. I wonder what Jordan has to say, now that he’s still earning millions of dollars a year from his contract with Nike. Probably thanks to Falk, MJ has earned over $1 billion from the Jordan brand.

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