Nothing But Net (Profits)
By Johnah Freedman

(MONEY Magazine) – Does Michael Jordan's magic touch extend to the realm of investing? Upon retirement, His Airness reportedly has an option to repurchase his stake in the partnership that owns much of the Washington Wizards--at the same $20 million price he sold it for in 2002 when he ended a previous retirement from basketball. But the value of the franchise is widely believed to have increased by 50% since then, meaning Jordan could end up paying $20 million for a stake worth $30 million. Though Jordan's play certainly contributed to the higher valuation, the arrangement would still be unusual. As Chicago sports-marketing consultant Marc Ganis puts it, "For a name like Michael Jordan, you make an exception." --J.F.