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  • Image of Michael Jordan’s Historic $33M Contract Up For Auction

Michael Jordan’s Historic $33M Contract Up For Auction

Following Michael Jordan‘s fifth title run, the legendary shooting guard signed an unprecedented $33 million USD contract – the most valuable contract in NBA history – with the Chicago Bulls for the ’97-’98 season, which of course proved to be worth every penny. Featuring the signature of MJ, former Bulls General Manager Jerry Krause and Financial Officer Irwin Mandel, the historical 24-page contract was purchased back in 2000 for less than $1,000 USD by an anonymous buyer. Now with a current bid of $47,500 USD at the time of posting, the internet auction can be seen here until it closes on July 30. “It’s hard to compare this to anything we’ve sold,” said Chris Ivy, Heritage Auctions’ director. “It’s Jordan, who is in a class by himself, and, to our knowledge, this is the only Jordan playing contract to ever surface.”

Date: Jul 27, 2014  /  Views: 6998  /  Author: Staff
Category: Lifestyle  /  Tags: Michael jordan, Auctions, Sports