The Superstar Effect: What Happens In A Winner Takes All World

When Michael Jordan came out of the University of North Carolina, he was selected by the Chicago Bulls as the 3rd overall pick in the 1984 NBA Draft. Top draft picks typically go on to have respectable careers, but no one could have imagined what this junior out of college would do.

Six NBA championships, 5 MVPs, and 2 Olympic gold medals later, Michael Jordan has definitely made his case. ESPN named him the greatest North American athlete of all time. The Jordan line of shoes recorded over $1 billion in sales in the last quarter of 2019. There’s even a 10-part miniseries on Netflix chronicling his career.

Michael Jordan’s fame isn’t surprising. What’s surprising is that we know so little about the other basketball stars of that era, especially since it was the time when the NBA started appearing on television screens. Fans might be able to name every member of the star-studded 1992 Olympic Dream Team. But ask anyone else, and they would only be able to tell you that Jordan was on that team.

Winner Takes All — And Then Some

This phenomenon is probably best described as a winner-takes-all effect. Jordan may have been the best basketball player during his time — and possibly of all time — but his peers weren’t slouches either. Yet when you…