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011 - The Real Reason I Don't Play Basketball

Some Stats on Michael Jordan and his new contract:

Jordan will make over $300,000 a game, $10,000 a minute assuming he averages about 30 minutes a game.
Assuming $40 mil in endorsements next year, he'll be making $178,100 a day (working or not)!
Assuming he sleeps 7 hours a night, he makes $52,000 every night while visions of sugarplums dance in his head.
If he goes to see Independence Day, it'll cost him $7.00, but he'll make $18,550 while he's there.
If he decides to have a 5 minute egg, he'll make $618 while boiling it.
He makes $7,415/hr more than minimum wage (after the wage hike)
He'll make $3,710 while watching each episode of Friends.
If he wanted to save up for a new Acura NSX ($90,000) it would take him a whole 12 hours.
If someone were to hand him his salary and endorsement money, they would have to do it at the rate of $2.00 every second.
He'll probably pay around $200 for a nice round of golf, but will be 'reimbursed' $33,390 for that round.
He could take 1/100,000th of his income and buy some poor college student 5200 packages of Ramen.
Assuming he puts the federal maximum of 15% of his income into his tax deferred account (401k), he will hit the federal cap of $9500 for such accounts at 8:30 a.m. on January 1st, 1997.
If you were given a tenth of a penny for every dollar he made, you'd be living comfortably at $65,000 a year.
He'll make about $19.60 while watching the 100 meter dash in the Olympics.
He'll make about $15,600 while the Boston Marathon is being run.
While the common person is spending about $20 for a meal in his trendy Chicago restaurant, he'll pull in about $5600.
Next year, he'll make more than twice as much as all of our past presidents for all of their terms combined.

And something to cheer you up after all of this. . .

Jordan will only have to have this income for 270 more years to have a net worth equivalent to that of Bill Gates.

Now you know why I am not playing pro basketball and am into software!!!