In a Grey Flannel Sports Memorabilia auction that ended June 18, a Michael Jordan 1984-85 game-used road jersey — from a rookie season in which he started all 82 games and averaged 28.2 points per game — sold for $20,897 ($25,076 including auction fees).
By comparison, the next two NBA memorabilia pieces offered in the auction — a Magic Johnson rookie jersey and a Shawn Kemp jersey — sold for a combined $15,112.
In the same auction, a signed pair of Jordan’s game-used sneakers from Game 3 of the 1996 NBA Finals sold for $14,272 ($17,126 including auction fees).
Jordan played his last NBA game in 2003. Ten years later, he earned $90 million, according to Forbes, thanks largely to royalties from his deal with Nike.
That was more than he earned in any year during his playing days — and more than any other athlete, retired or active, except for boxer Floyd Mayweather. (Fortune estimates that Mayweather will earn $105 million this year, and says that’s a “very conservative” approximation).
The Jordan brand now generates about $2 billion in revenue for Nike, with the 51-year-old superstar getting a cut of every sale.
That earnings power helped Jordan’s net worth climb past the billion-dollar threshold earlier this month, but his ownership stake in the Charlotte Hornets is his most valuable asset.
Forbes estimated Jordan’s net worth at roughly $600 million and valued his ownership share of the team, which has reportedly climbed from 80 percent to 89.5 percent, at roughly $400 million.Follow @exnbadotcom
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