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International Business Times UK
International Business Times UK
Sport
Ziyad Jamal

Michael Jordan Told Charles Barkley to Renegotiate $3M Nike Contract to $1M In the '90s - Here's Why

Michael Jordan Charles Barkley NIke NBA Adidas InsideNBA
Charles Barkley got smart financial advice over a Nike deal from Michael Jordan during the 90s. (Credit: Brian Snyder/Reuters)

Six-time NBA champion and basketball icon, Michael Jordan, handed smart financial advice to fellow star and close friend, Charles Barkley, during their playing days.

When Barkley signed with Nike in 1992, his deal with the footwear and apparel brand was initially worth around $3 million. This led to Jordan stepping in to tell his US Olympic teammate to renegotiate the terms of the contract after he took a look at the initial terms.

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