3 Weird Sports Contracts

Sometimes creative accounting pays off. Here are a few examples of
weird sports contracts throughout history.

Heir Jordan

weird sports contractsUnlike their counterparts in the big leagues, the average first-year minor league baseball players is paid about $1,100 a month. But not Michael Jordan. After retiring from a spectacular basketball career in 1993 to give pro baseball a try, Jordan signed with the farm system of the Chicago White Sox. At the time, the White Sox organization was owned by Jerry Reinsdorf, who also owned Jordan’s old basketball team, the Chicago Bulls. Sensing that Jordan might come back to the NBA some day if baseball didn’t work out (it didn’t), Reinsdorf paid Jordan $4 million in 1994 and 1995 to play minor league baseball, the same he would’ve been paid had he stayed in the NBA.