NBA legend Michael Jordan made light work of the clauses during his rookie season with the Chicago Bulls.
It's hard to imagine Michael Jordan without Nike and vice versa, but the paths of the superstar athlete and the sportswear giant came close to never crossing.Back in his college days at the University of North Carolina, Jordan looked destined to sign a deal with either Adidas or Converse.The upcoming star preferred the three-stripe brand, but on the court he worse Converse because Dean Smith and the UNC at Chapel Hill were sponsored by them.
To persuade Jordan to sign, Nike offered the future Hall of Famer a five-year, $2.5 million contract for after his rookie season.To cover their backs in case Jordan flopped upon turning pro, Nike inserted four clauses into the deal. Jordan needed to achieve just one of them to keep his deal going.The four requirements were: be named to an All-Star or All-NBA team; win Rookie of the Year; average 20+ points per game or sell over $4 million worth of Nike Air Jordans.
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