It might be a shock, but the movie where the world's most popular basketball player teamed up with beloved cartoon characters to the sounds of top ten songs didn't necessarily come from a place of artistic integrity. In point of fact, it was sort of an adaptation of that most dignified of creative outlets, the humble multi-million dollar ad campaign. After Nike put out a series of commercials starring Michael Jordan and Bugs Bunny in the early '90s, Hollywood, which had not yet figured out that they could print their own money by adapting Marvel properties, got dollar signs in their eyes, and lo, Space Jam was born.
The spirit of shameless capitalism is alive and well in the script, too. When Michael's new personal assistant, Stan Podolak, comes to pick him up for a baseball game, he exclaims, "C'mon, Michael. It's game time! Get your Hanes on, lace up your Nikes, grab your Wheaties and your Gatorade, and we'll pick up a Big Mac on the way to the ballpark." More than just Wayne's World-adjacent product placement, every brand that he mentions is one that Jordan had, at that point, appeared in commercials for.