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There’s a popular claim going around that Nike pays Michael Jordan 250 million dollars per year as part of a lifetime deal. That part is not exactly true, but the real story is just as impressive. Michael Jordan does not receive a fixed yearly salary from Nike. Instead, his genius 1984 contract gave him something unheard of at the time: a percentage of all Air Jordan sales. That royalty deal is what changed everything. Because of that structure, Jordan still earns money every single year based o
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