All Articles Tagged "michael jordan"
In honor of the 37th anniversary of Black History month, the Jordan brand has teamed up with celebrity stylist Don C of Just Don to create 37 pairs of limited edition Air Jordan 1’s. The Air Jordan 1 was originally released in 1985 and has is still popular today.
In addition to the Jordan 1’s, the auction winner will get a signature BMH Just Don Snapback. The BE BOLD auction is happening on eBay and will run through February 28, the end of BHM. And if the celebration of Black History month wasn’t enough, the best part is that the proceeds will benefit Big Brothers Big Sisters.
Some celebrity men use their fame and fortune to keep upgrading their wives, girlfriends, and side pieces so that they look like they’re 20-something and others just date 20-somethings even when they’re old enough to be their grandfather. Check out these celebrity members of the Babysitter’s Club who aren’t afraid to dip into the last legal generation for a date.
Is it just me or do Russell’s women get younger and whiter the older he gets? His curent girlfriend Hana Nitsche is a German model who is 28 years younger than he is. Come on Russ, that’s pushing it.
Demi Moore and Ashton Kutcher have been battling over money for a year, stalling their divorce. More recently, Bethenny Frankel announced her split from her husband Jason Hoppy. The Daily Mail reports that Frankel (somewhat drunkenly) approached Katie Holmes at a party to gather contact info for Holmes’ divorce lawyer. Frankel, who has turned her stint as a New York Housewife into her own talk show, the Skinnygirl, two spin-off shows, a fitness DVD, and other endeavors, has a lot to protect. And remember Nas and Kelis’ mega money dispute that played out in the media during their divorce proceedings?
Divorce isn’t just about ending a marriage. It is also about money. There can be battles over shared assets and a divorce itself can be costly. Michael Jordan’s divorce from Juanita Jordan was estimated to have cost Jordan $260 million and was considered by Forbes magazine to be “the most expensive celebrity divorce” in history, as of April 2007. When Tiger Woods got divorced from Elin Nordegren it cost him a reported $100 million.
Besides the settlements just the divorce proceedings themselves can rack up bills. If you can’t do the divorce yourself because of a messy separation, going to court means paying a variety of fees. According to a Huffington Post blog by family court attorney Diane L. Danois, subpoenas seeking financial and employment documentation, motions filed objecting to the subpoenas or for failure to timely comply, and hearings will all have to be paid for. And this is just the beginning.
“This chapter of the litigation process can easily run up an additional $5,000,” write Danois, which breaks down the actual costs of divorce item by item. Typically, a family court case involving divorce, can range from from $15,000 to $35,000, or more to litigate, says Danois.
You can choose the cheaper route of mediation (which can range between $500 and $3,000) if there isn’t much to dispute or to do it yourself, if your divorce is simple. Websites such as www.easy-divorce.com, www.completecase.com, and www.mydivorcedocuments.com can help with DIY divorces.
From ex-wives to ex-girlfriends and former mistresses as well as cuddle buddies, these women were constant arm candy for some of music’s biggest stars (oh, and one NBA baller I couldn’t keep out). Some got a ring and went through the most with their men, others just had a good ‘ol time with some high profile people, and well, some had their lives flipped upside down. They were seen everywhere with them at events–and then they weren’t. Where are they now?
The former stylist and model, and of course, daughter of Quincy Jones was allegedly engaged to Tupac before he passed away. Clearly cut from a different cloth than her sister, actress Rashida Jones, Kidada was besties with Aaliyah and was known for helping Tommy Hilfiger’s line of clothing become a must in urban wear. Anywho, after Shakur’s death, during a time of grief, Jones went ahead and got a tattoo of him on her arm. Today though, it has been covered. These days, Kidada is back focused on styling and designing, as she was the force behind Disney Couture and the extension, Kidada for Disney Couture.
Michael Jordan could lost the $1.5 million that he invested in Attack Athletics, a state-of-the-art gym facility in Chicago that is now in receivership.
Attack Athletics owes more than $12 million to its creditors (MJ is an unsecured creditor) and filed for Chapter 11 bankruptcy back in April. A foreclosure notice was filed on the facility back in 2010.
Attack Athletics was founded by Tim Grover, who rose to prominence as Jordan’s personal trainer when he played for the Chicago Bulls. The Attack Athletics facility boasts four NBA-sized basketball courts, a 10,000-square-foot weight room and a client list that includes Dwayne Wade.
Chances are, MJ isn’t sweating a $1.5 million loss. Plus, the Bleacher Report says his Charlotte Bobcats have some goodness to look forward to and he’s obsessed with comparing the ’92 Dream Team to this year’s Olympic basketball team. Maybe he missed the closing ceremony on Sunday? But yeah, he’ll be fine.
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Say what you want about Michael Jordan, the man knows how to turn a profit. A recent Forbes article discussed that even after his retirement eight years ago, the Jordan brand is still a profitable franchise. According to the article, Jordan racked in approximately 60 million dollars last year – without touching a basketball.
Like most star athletes, Jordan had his pick of endorsements throughout his career and most, like Gatorade, Hanes, Upper Deck and Nike are as synonymous of Jordan as much as his red Chicago Bulls jersey. Jordan has also inked endorsement deals with 2K Sports and Five Star Fragrances; he also bought five restaurants and a car dealership in North Carolina.
However, Nike is still Jordan’s most profitable endorsement. Although, Jordan inked a $2.5 million contract with the company, straight out of college in 1984 – his endorsement checks are higher now since his brand has exploded. His annual revenues from Nike alone bring him an estimated $1 billion, with Jordan’s brand market share coming to a whooping 71%. Nike follows after with a share of 22%, with Adidas and Reebok owning the rest at 3% and 2%. Not to mention, Jordan has other well-known athletes under his brand umbrella, such as Derek Jeter, Dwyane Wade, Carmelo Anthony and Denny Hamlin also bring a considerable amount of traction insuring Jordan’s financial coiffures remain full.
During his tenure with the Bulls, he was banking about $50 million from his endorsement deals and during his last two years with the NBA dynasty, he made $63 million in combined salary.
Neilson and E-Poll Market Research produce an N-Score for celebrities that measure their awareness; general appeal and likeability, Jordan’s N-Score comes out to be 682. He is the highest scored athlete by nearly 300 points. His awareness is ranked at 71%; with the only athletes above him being Tiger Woods, Mike Tyson and OJ Simpson (easy to guess why). His rate of being liked by the public is charted at 93%, which shows how far his presence extends. Current b-baller LeBron James, whom many believed would follow in Jordan’s footsteps, has a likeability of 51% – nowhere near close.
Many attribute Jordan’s ability to be in the mind and heart of the consumer was his ability to stay negatively out of the headlines. Unlike his counterparts James and Kobe Bryant – while, they may be popular – their popularity has been somewhat tainted by their off-the-court extracurricular activities. Not that Jordan was a saint, there have been plenty of tales surrounding his gambling and philandering way but being that Jordan’s popularity was amassed before the era of social media. Did the lack of celebrity profiling help cement his legacy? Perhaps, one thing is for sure, Jordan’s business growth is undeniable and with his ownership of the Charlotte Bobcats, his stock will go nowhere but up.
Cynthia Wright is an avid lover of all things geeky. When she isn’t freelancing, she can be found on her blog BGA Life and on Twitter at @cynisright.
(AP) – Michael Jordan has been fined by the NBA for making comments about the league’s ongoing collective bargaining process. NBA spokesman Tim Frank confirmed the penalty for the Charlotte Bobcats owner on Monday, but said the league doesn’t comment on the total. ESPN.com reported the fine was $100,000.
By Jay Anderson
America has a peculiar love/hate relationship with professional athletes. We love them when they’re playing well. We think they’re overpaid, whiny babies when they don’t. We build them up to tear them down, only to then (sometimes) build them back up again. We have watched some of our favorite athletes fall from the heights of sports success, to the depths of injury and incarceration – only to praise their resurrections. Here are 10 such tales of destruction, redemption and in some cases intense struggle back to the pinnacle of athletic achievement.
After spending time in jail for dogfighting, Vick’s climb back to the top has been slow, but steady. After a season as the Eagles’ third string quarterback, a combination of luck of hard work has thrust Vick back into the starting lineup and superstardom. By ringing up 3,018 yards and 21 touchdowns in 2010, the once discarded Vick was given the franchise tag by the team in February, and recently signed a new deal with Nike. Vick’s challenges has changed him into an appreciative man that brands want to identify with again.
In the coming days, the National Basketball Association will crown a new champion. Someone will be crowned “MVP,” somebody’s “legacy” will be assured and still others will thank God, their mothers and their therapists in nationally televised post-game interviews. And of course there will be the endless self-congratulations on Twitter. It is all seemingly choreographed and no more so than with the eventual visit to the White House and photo-op with President Obama, who we all know is a big sports fan. Seems a win-win for all involved.
The practice of bringing sports champions to the White House became particularly noticable during the Presidency of Ronald Reagan, also a big sports fan, during the 1980s. Reagan’s administration was as astute as any, in taking advantage of such publicity opportunities. In an era defined by the global expansion of America’s symbolic power, what better opportunity is there than the President of the so-called most powerful nation in the World, meeting with the “champions” of the world. It most cases visits to the White House illicit very little reaction except when it’s somebody’s favorite team.
Six years ago, though, traditionalists were up in arms when members of the Northwestern University Women’s lacrosse team, wore flip-flips—albeit designer ones—to their visit to the White House. The subsequent brouhaha, known at the time as “Flip-Flop-gate,” seemed perfectly pitched for one of the most timeless of political faux-pas, the political flip-flop. The Chicago Tribune, reported the story with the headline, “You Wore Flip-Flops to the White House?,” while pundit after pundit opined about the diminishing values of American Youth. By the summer of 2007, the White House had an official dress-code policy for visitors, specifically stating “no flip-flops.”
(Chicago Tribune) — You get Beyonce! And you get Will Smith! Everybody gets Tom Hanks! In the house that Michael Jordan built, another international superstar whose fame was bred in Chicago said farewell to her fans Tuesday night and they to her. Oprah Winfrey did so with more than a little help from the boldface friends she has accumulated over the years, fellow members of the fame club whose every deferential gesture, every metaphorical hat-tip to Winfrey was greeted with howls of approval in the United Center. With two shows taping to air next week as “The Oprah Winfrey Show’s” third- and second-to-last spots, the night was a virtual blur of applause, appreciation and one megastar after another. There were orchestrated singalongs and retakes. There was Kleenex available at every few seats. There were very short lines at the men’s rooms. And there were: Tom Hanks in full, folksy Hanksiness. A Josh Groban-Patti LaBelleduet, each note bigger than the last. Beyonce dispensing fake diplomas to her dancers before chant-singing about girls running the world. Madonna, not singing. Maria Shriver, not discussing the day’s news from back in California.