The settlement was announced Thursday after a delay on the ninth day of the trial.
The final sale price on the 2003 Upper Deck Ultimate Collection Michael Jordan Logoman card was $2.9 million at auction.
An upcoming auction will feature one of the most extensive collections of Michael Jordan memorabilia ever sold.
Damian Lillard is not the only star to leave the place where he rose to fame.
Michael Jordan is finalizing a sale of the Charlotte Hornets, a deal league sources tell ESPN is valued at approximately $3 billion.