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Helping Charles Barkley Earn “10 Times More” on $3,000,000 Deal, Michael Jordan Gave Him Genius Business Advice: “Why Do You Need All That Money?”

Published 04/09/2023, 7:10 AM EDT

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Charles Barkley has been in the public eye for over four decades now. While he may not be as great an entrepreneur as his friend Shaquille O’Neal, Barkley has still added to his net worth after retiring from the NBA. However, a lot of credit for that has to go to his former friend and basketball icon Michael Jordan. Though they both haven’t spoken for 10 years, Charles Barkley has always taken time to credit the Chicago Bulls legend. Speaking about his excitement for the new Michael Jordan movie, the former Phoenix Suns star shared a story about how the six-time NBA champion helped him add to his wealth.

In the latest episode of The Steam Room podcast hosted by Chuck and Ernie Johnson, ‘Air‘ movie director and Academy Award winner Ben Affleck joined the show to throw light on the movie. However, Barkley’s story on MJ’s “genius” advice has caught the attention of the world.

Michael Jordan helped Charles Barkley get richer

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Apart from entertaining the audience with his antics on Inside the NBA, Barkley has used the podcast to talk a lot about the unknown side of basketball. The latest episode brought to light His Airness‘ great advice to the 1993 NBA MVP.

Though Barkley and Jordan aren’t on talking terms anymore, the Chicago Bulls legend received praise from his former friend. MJ wasn’t the only basketball star Nike signed during the company’s early days. Barkley signed on along with the six-time NBA champion. However, Michael Jordan’s business advice for Barkley regarding his Nike deal benefitted the Suns’ legend.

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Revealing his excitement for ‘Air’, Barkley mentioned, “Michael gave me some great advice one time. We are playing golf one summer and I think at that time I was making about three million dollars a year from Nike. Michael’s always been a great businessman and he says, ‘Why do you need all that money?’. He says, ‘I was looking at your contract. You are making about three million dollars. Tell Nike you want a million and you want the rest in stock options.'”

Further, Barkley spoke about the benefits of MJ’s advice. He mentioned, “I actually probably made 10 times the amount of money because it split… I got those options at $35 and they split over a 100, probably ten times since 1984-85.”

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Chuckster made a fortune after MJ’s advice and he still endorses Nike. Although their relationship might not be great today, Barkley will probably be always grateful to Jordan for his help.

Charles Barkley is excited about ‘Air’ 

As the story revolves around the period of Barkley and MJ’s early days in the NBA, the former Suns star is excited to know how the movie will work on the big screen. Moreover in the podcast, Barkley spoke about his relationship with Howard White, Sonny Vaccaro, and Phil Knight, who are the main characters in the movie. Seems like Barkley has all his eyes on MJ’s new movie. 

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Watch this story: “Michael Jordan vs LeBron James, tequila brand value comparison”

Barkley still hopes MJ can get over Barkley’s comments from over a decade ago. Have you watched Air? If you have, share your thoughts on the movie in the comments below.

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Written by:

Rohan Dharmalingam

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Rohan Dharmalingam is an NBA content writer at EssentiallySports. He has been following the NBA for a decade now and specializes in covering trade rumors and reports on the ever-changing trade market. The wizardry of Golden State Warriors superstar Stephen Curry made him fall in love with the game like millions worldwide.
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Edited by:

Pragya Vashisth