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Michael Jordan once turned down a huge endorsement deal because he didn't like the product's name

Michael Jordan
Michael Jordan wasn't poor at the time, but the offer he rejected was huge compared with what he was making with the Chicago Bulls. Chris O'Meara/AP
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"Do you think Michael Jordan really still eats McDonald's even though he is a millionaire?" is a question thousands of kids posed to each other in the 1990s.

According to Jordan, the answer is "yes," and one story about a product he refused to endorse reveals just how important it was for MJ to maintain an authentic image as he rose to fame.

In May 1992, Jordan did a lengthy interview with Playboy, later reproduced at Longform. Mark Vancil asked Jordan about products he turned down, and His Airness revealed that he rejected one substantial offer because he did not use the product and did not like the name.

"Quaker Oats came to me to endorse Van Kamp's pork and beans — Beanee Weenees, I think it was called," Jordan said. "You ever heard of Beanee Weenees pork and beans? It was close to a million bucks a year. I'm saying, Beanee Weenees? How can I stand in front of a camera and say I'll eat Beanee Weenees?"

Beanee Weenees
Amazon

Beanee Weenee is a version of pork and beans that uses chunks of hot dogs instead of bacon. It is still available today.

Two or three years before the interview, Jordan had not hit the peak of his playing career. He had one MVP award and had yet to win a championship.

Jordan wasn't broke at the time, but he was also a long way from the billionaire he would become in retirement.

When he rejected Beanee Weenees, Jordan had made less than $4 million to $5 million total in four or five NBA seasons. Turning down a multi-year offer worth nearly $1 million per year was likely not a light decision.

Jordan also revealed in the interview that he backed out of a deal for a hair-care product because he was starting to go bald and didn't want to be "a hard-nosed businessman" over the contract.

"If I wanted to be a hard-nosed businessman, I could have been in a lot of deals, like the one with Johnson Products," Jordan said. "I had a deal with them for their hair-care products. I had two or three more years on that deal when I started losing my hair. So I forfeited the deal. But if I had wanted to be greedy, I could've said, 'Screw you, you didn't know my hair was falling out, so you owe me money.' But I didn't."

That decision kept kids from ever asking each other, "Do you think Michael Jordan still uses hair products now that he is bald?"

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Cork was a correspondent for Insider's sports desk.Previously, he was a contributor at MLB Trade Rumors, and he has written for Yahoo Sports, Deadspin, and The Hardball Times. He has authored chapters in three books, including "The Hardball Times 2009 Season Preview." Cork's work has been featured on ESPN's "SportsCenter" and "Mike & Mike," "Any Given Wednesday with Bill Simmons," ESPN.com, BBC, Yahoo, USA Today, Sports Illustrated, Drudge Report, the Washington Post, the Kansas City Star, the Houston Chronicle, and the Dallas Morning News, among others.He is a graduate of the University of Iowa and holds a doctorate from Fordham University.Here is a selection of his work:Under Armour hit the jackpot on its Jordan Spieth betGary Woodland once took his pants off to hit a shot and learned a funny lesson about product endorsementWe tried the alcohol diet Tom Brady put Rob Gronkowski on, and it was a lot harder than we imaginedThe University of Texas spent $7 million remodeling their football locker room and the results are jaw-droppingStephen Curry has replaced LeBron James as the best basketball player in the worldEx-NBA player who made $60 million explains what really happens to your money when you sign an 8-figure contractHere's Michael Jordan's 56,000-square-foot house in Chicago, and why it's still on the market after 6 yearsMayweather beat McGregor with a TKO in the 10th round! Here are the big moments everybody will be talking aboutPerfect conditions at Cowboys-Patriots game helped create incredible picturesWe've been using Alexa in a car for 6 months and it's the best infotainment system we've ever used.