On the much anticipated ESPN documentary about the championship season for the 1997-98 Chicago Bulls, it was revealed how heavily one player was underpaid.
Scottie Pippen, who was famously known as ‘Robin’ to Michael Jordan’s ‘Batman’, had agreed to a multi-year contract early in his playing career.
When asked why he accepted such an undervalued contract, Pippen reflected back on the need to take care of his large family. Pippen grew up relatively poor and knew he finally had the means to provide for them, especially in the area of healthcare.
After his time with the Bulls Pippen would eventually sign a contract with another team that was more representative of the current market value.
It’s important to note that the decisions we make need to be based on our own personal situations and don’t need to necessarily reflect what’s happening in the marketplace. More money or compensation doesn’t always equate to a better decision or life.
Starting a business, or selling a business. Jumping into management or resigning for something less demanding. Accepting less money for less stress. All decisions are good ones if they are aligned with the internal building principles you live by.