Michael Jordan’s final two seasons with the Chicago Bulls were historic—in part, because each was spent on a one-year contract considered at the time to be the single biggest in the history of U.S. team sports.
“If no salary cap existed and there were no rules against player-owners, I guess we’d rename our team the Jordanaires and make him owner, general manager, coach and whatever else he’d want,” Atlanta Hawks general manager Pete
BabcockReinsdorf didn’t go that far, but he did cut Jordan a 683 percent raise for the 1996-97 season and an additional 10 percent bump the season after. The Bulls’ total payroll, including money owed to players no longer on the team,
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