Michael Jordan’s net worth is $2.1 billion, according to Forbes, so he has the luxury of saying no to whatever he wants, even if it’s an easy $100 million.
Jordan’s agent, David Falk, spoke with WFAN’s “Boomer & Gio” with Boomer Esiason and Gregg Giannotti to tell a few stories of deals the Hall of Famer rejected. The topic was brought up because Falk said the money Jordan loses in gambling doesn’t really affect him at all. Falk even joked, “If I told him tomorrow, ‘Hey I’ve got an appearance for you for $150,000,’ he’d laugh at me. If it was $1,005,000 he wouldn’t do it.”
While that joke was a hypothetical, Falk brought up a few instances when Jordan really did turn down lucrative deals. One was a 2015 offer when the Hornets were in Asia for a few preseason games. Jordan was offered $7 million to appear at a golf tournament, a sport he loves, but he said no.
The real shocker was a deal Falk said he brought Jordan three years ago.
“I brought him a deal three years ago for $100 million,” Falk said. “And all he had to do was, other than giving his name and likeness, make one two-hour appearance to announce the deal and he turned it down. And God bless him. He’s been so successful, it gives him an opportunity to do whatever the hell he wants or not to do things he doesn’t want. And I really admire that. He’s very, very selective in the things that he wants to be involved in.”
Falk said this was the norm for Jordan at a certain point adding, “By 1991 every deal that I signed with was at least 10 years.” Falk said Jordan “never did one-off appearances” and would only sign deals where there was a long-term investment involved.
This strategy has clearly worked out for Jordan, who has made a name for himself as a businessman in his post-playing career. According to Forbes, Jordan was only the NBA’s highest-paid player for two of his 15 seasons. He earned just $90 million in his playing career, earning $1.7 billion from his corporate partners.