The six-time NBA champion and great basketball player Michael Jordan had to deal with a highly publicized and costly divorce in 2006. Because of the enormous amount of money involved, his 17-year marriage to Juanita Vanoy ended in divorce, which made national news.
This well-publicized split highlighted prenuptial agreements, the lasting effects such events may have on the lives of the wealthy and famous, and the difficulties and financial ramifications of divorce within the sports and entertainment industries.
Michael Jordan Divorce
On September 2, 1989, Jordan wed Juanita Vanoy at A Little White Wedding Chapel in Las Vegas. They had a daughter named Jasmine and two sons named Jeffrey and Marcus. Citing irreconcilable differences, the Jordans filed for divorce on January 4, 2002, but they soon got back together.
On December 29, 2006, they filed for divorce once more and were granted a final decree of dissolution of marriage, stating that the decision was reached “mutually and amicably”. According to reports, Juanita settled for $168 million, which would be $244 million in 2022. At the time, this was the highest-ever celebrity divorce settlement ever made public.
Michael Jordan’s Current Relationship
Michael Jordan agreed to a marriage contract with his current wife, Yvettte Prietto, following a public divorce from his first wife. The 16-year age difference didn’t stop the couple’s bond from blossoming. Jordan and Prieto were married in a sumptuous Florida ceremony in 2013.
Jordan had a clean slate after the couple’s marriage, and it was clear he had learned from his past financial mistakes. This time, Jordan made cautious to safeguard his assets by getting Prieto to sign a prenuptial agreement. This would be a vital contract to protect his fortune in the event of a future divorce.
Beyond just a tale of financial triumph, Michael Jordan’s life with Yvette Prieto has been extraordinary. In February 2014, the couple welcomed twin daughters, Victoria and Ysabel, into the world.
As per their existing arrangement, Prietto will receive $1 million for every year of their marriage in the event that they decide to divorce. If the marriage lasts ten years or longer, Prietto will receive $5 million annually.
The deal shields Jordan from a huge payout similar to the one he had to make following his previous marriage, while simultaneously providing Prietto with financial stability in the case of a divorce.
Here you can also check more celebrities’ marriage issues:
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Michael Jordan’s Career
Jordan won the ACC Freshman of the Year award as a rookie in head coach Dean Smith’s team-oriented scheme, averaging 13.4 points per game on 53.4% shooting (field goal percentage). In the 1982 NCAA Championship game against Georgetown, coached by future NBA rival Patrick Ewing, he made the game-winning jump jumper.
Jordan subsequently referred to this shot as his basketball career’s pivotal moment. In his three seasons with the Tar Heels, he added 5.0 rebounds and 1.8 assists to his average of 17.7 points per game on 54.0% shooting.
Jordan’s selection to the NCAA All-American First Team in both his junior (1984) and sophomore (1983) seasons came about by consensus. Jordan departed North Carolina one year ahead of schedule to enter the 1984 NBA draft after earning the Naismith and Wooden College Player of the Year awards in 1984.
In 1986, Jordan went back to North Carolina to finish his education and earn a Bachelor of Arts in geography. Jordan was selected to the men’s basketball squad for the ACC 50th Anniversary team in 2002, which honored the 50 all-time greats in ACC history.
Michael Jordan’s Professional Career
Jordan was chosen by the Chicago Bulls with the third overall pick in the 1984 NBA Draft, behind Sam Bowie (Portland Trail Blazers) and Hakeem Olajuwon (Houston Rockets). The fact that the first two teams needed a center was one of the main reasons Jordan was not selected sooner.
Trail Blazers general manager Stu Inman argued that Bowie should be selected over Jordan rather than picking a center, partly because Portland had a guard named Clyde Drexler who possessed similar qualities to Jordan. ESPN declared that the Blazers’ selection of Bowie was the worst draft pick in the history of professional sports in North America, citing his injury-plagued college career.