In his book “Shaq Talks Back,” former NBA superstar Shaquille O’Neal discussed his monumental contract extension with the Los Angeles Lakers. He also made a bold claim about his earnings surpassing those of basketball legend Michael Jordan. Shaq’s lucrative deal, valued at $152 million over six seasons, included a staggering $32.5 million paycheck in the final year. This exceeded Jordan’s earnings in his last year with the Chicago Bulls. Let’s delve into the details of this revelation and its implications.
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Shaquille O’Neal’s Comparison with Michael Jordan and the Fairness of the Claim
During the interview, Shaquille O’Neal proudly declared his immense earnings, emphasizing that he would make a staggering $152 million. He even went on to highlight that in the 2005–06 season, his final year under the deal, he would receive $32.5 million. This would surpass the amount Michael Jordan earned during his last year with the Bulls.
However, it is important to consider the context of the comparison. We should examine Shaq’s assertion with the understanding that Jordan’s last season with the Bulls was in 1998. Inflation and the subsequent growth of the NBA’s revenue streams have significantly altered player salaries since that time.
O’Neal’s claim is true. Jordan’s final salary with the Bulls was $30.14 million in 1998. However, it is important to note that Jordan made that money in 1998, while O’Neal’s contract was signed in 2000. Inflation has caused the value of the dollar to decrease over time. So, O’Neal’s $32.5 million salary in 2005 was not as much as Jordan’s $30.14 million salary in 1998.
Shaq also expressed his awareness of the vast financial disparity. He mentioned this in relation to ballplayers and individuals in professions deemed more crucial to society. However, he attributes this financial reality to the economics of the sports industry. He asserted that such exorbitant earnings were made possible by the financial resources possessed by team owners.
Shaq’s Hunger for Money and Its Impact on His Relationship with the Lakers’ Owner
Beyond the intriguing comparison between Shaq and Jordan’s earnings, it is worth noting the consequences of Shaq’s insatiable appetite for money. While his lucrative contract extension undoubtedly secured his financial future, it also contributed to the deterioration of his relationship with Lakers owner Jerry Buss.
The exorbitant demands made by Shaq during contract negotiations, driven by his desire for substantial compensation, strained the team’s financial resources. The Lakers considered various options, ultimately leading to Shaq’s trade to the Miami Heat in 2004 The deteriorating relationship between Shaq and Buss demonstrated the clash between a player’s pursuit of personal wealth and the financial constraints faced by team owners.
