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Article: Michael Jordan becomes highest paid NBA player with one-year Bulls contract worth $25-30 million.
- Article from:
- Jet
- Article date:
- July 29, 1996
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Copyright informationCOPYRIGHT 1996 Johnson Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Basketball icon Michael Jordan has eased the tension among Chicago Bulls fans, agreeing to a one-year contract with the team, reportedly worth as much as $30 million.
News reports have only speculated that the amount of Jordan's contract is between $25-$30 million. At JET press time he had not signed the contract.
The new salary makes the NBA's 1995-96 most valuable player (MVP) the highest paid player in the league, surpassing New York Knicks center Patrick Ewing who earned $18.7 million last season.
The contract was an easy deal for Jordan who gave the final OK to his agent David Faulk and Bulls owner Jerry Reinsdorf over the phone between rounds of a golf ...
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