This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

10 Celebrity 'Fake-Out' Retirements

Michael Jordan
Basketball legend Michael Jordan's first retirement, in 1993, remains a matter of debate and controversy.

Officially, Jordan's reasons were pretty straightforward: He had reached almost every peak he could as a player and the game simply no longer demanded his full attention. Simply put, he lost his desire for the game and the trappings of celebrity.

Tragedy undeniably played a part. Earlier that year, his father was murdered by two teens at a highway rest area.

Things were a bit more unusual and complex, however.

Shocker No. 1: Jordan shifted sports and signed a minor league contract with the Chicago White Sox.

Shocker No. 2: Rumors circulated, gaining momentum from the imprint of sports writers, that Jordan's admitted proclivity as a high-stakes gambler may have played a role in his decision to retire. Though never proven, it was speculated Jordan's decision was a move by the NBA and its biggest player to save face from what might otherwise be a suspension-related league violations. News items, such as Jordan's payment of $57,000 to cover gambling losses to a known drug dealer, did nothing to squelch suspicions there was a double secret probation at work.

In March 1995, Jordan announced he would again play for the Bulls. His press release, in substance, was a mere two words: "I'm back."

Jordan's second retirement came in 1999, amid a changing of the guard for the Bulls that saw the departure of coach Phil Jackson and teammates Scottie Pippen and Dennis Rodman.

Jordan shifted into a new role within the NBA as part owner of the Washington Wizards.

By 2001, Jordan was again floating trial balloons about returning to the court. That led to an announcement he would indeed play for the Wizards, donating his salary to 9/11-related charities. He lasted just 60 games before being sidelined by a knee injury.

Retirement No. 3 came at the end of that season. Jordan is currently majority owner of the Charlotte Bobcats.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs