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According to the Hollywood Reporter, the Academy Award-winners behind Good Will Hunting are teaming up on a movie about Nike trying to sign Michael Jordan to a sneaker deal.

The central characters of the movie will be former Nike executive Sonny Vaccaro and Nike co- founder Phil Knight.

According to reports, the two actors will play Vaccaro and Knight. The two collaborated on the screenplay for and starred in the film, The Last Duel, which won an Academy Award.

Nike tried to sign Jordan in 1984 when he was entering the NBA. Jordan was the top pick in the 1984 NBA draft, but he was not allowed to wear any of the major brands. The relationship between an athlete and a brand and the sneaker industry as a whole was transformed by the work of Vaccaro.

The Last Dance is a 10-part documentary by Michael Jordan.

Everything you need to know.

• Lowe: How Pippen lifted MJ's Bulls

• Shelburne: Kobe and MJ's friendship

• How to replay the series

Even though I never imagined myself wearing a Nike shoe, the creativity that it provided to me and the education of what this is all about, I am happy with the choice.

In 2021, Yahoo! Forbes estimated that Nike has paid Jordan an estimated $1.3 billion since 1984 and Finance reported that Jordan Brand did $5 billion in sales.

They are coming in at the beginning.

The sneaker industry is what it is today because of the signing of players like Jordan and Kobe Bryant to multi-million dollar shoe deals with Nike.

I don't think people understand how my career evolved. I wanted the public to know about sneaker marketing. For better or worse, this is who I am, according to Vaccaro. This is how Jordan and Kobe did.

Jon Weinbach is the president of Skydance Sports. The Last Dance was produced by Weinbach with Peter Guber, who will produce the upcoming movie. They will team up again for another part of the Jordan story.