THIS WAS SIGNED ON OCTOBER 24, 1984 BY MICHEAL JORDAN HIMSELF
The day Michael Jordan signed his first contract with Nike, the world literally changed overnight..This was the first deal that catapulted Jordan to the next stratosphere and changed the way athletes are marketed forever..Just imagine how different the world would be if MJ and Nike never agreed to play ball..this ultimately paved the way for all future athletes to make millions
In 1984, the Chicago Bulls of the National Basketball Association selected North Carolina's Michael Jordan (MJ) in the first round of the NBA draft. At the same time, Nike signed the promising young player to a 2.5 million dollar, five year contract. Nike worriedly included a clause that allowed the company to cancel the deal if sales of the shoe were below average.
In his first season Jordan wore a pair of black and red Nikes, and the company launched a commercial version of the shoe. The Air Jordan shoe included a silhouette of Jordan preparing to dunk that became called "the Jump Man". Michael established himself as one of the greatest players in NBA history, and the shoe quickly came to dominate the market.
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