Michael Jordan’s historical $33M contract up for auction

Michael Jordan’s historical $33M contract up for auction

Heritage Auctions

Editor: Buro 24/7

The most valuable contract in NBA history has gone up for auction online, with the current bid at $50,000

After Michael Jordan's fifth title run, the legendary basketball player signed a mammoth $33 million contract with the Chicago Bulls for the 1997-98 season. Featuring the signature of Michael Jordan, the Bulls general manager at the time Jerry Krause and financial officer Irwin Mandel, the historical 24-page contract was purchased back in 2000 for less than $1,000 by an anonymous buyer. Now the contract has gone up at auction online via Heritage, and currently has a highest bidder of $50,o00 at the time of posting. 

"It's hard to compare this to anything we've sold," said Chris Ivy, Heritage Auctions' director. "It's Jordan, who is in a class by himself, and, to our knowledge, this is the only Jordan playing contract to ever surface." 

The auction can be found here and closes July 30.