Former NBA star and owner of Charlotte Hornets team Michael Jordan looks on as he addresses a press conference ahead of the NBA basketball match between Milwaukee Bucks and Charlotte Hornets at The AccorHotels Arena in Paris on Jan 24, 2020. (FRANCK FIFE / AFP)

WASHINGTON - Michael Jordan and the Jordan brand, produced by Nike Inc, released a joint statement Friday pledging to donate US$100 million over 10 years to “organizations dedicated to ensuring racial equality, social justice and greater access to education.”

Jordan has earlier expressed his grief and outrage over the death of Floyd

"Black lives matter. This isn't a controversial statement. Until the ingrained racism that allows our country's institutions to fail is completely eradicated, we will remain committed to protecting and improving the lives of Black people," according to the statement.

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George Floyd, a black man, died last month in Minneapolis after Derek Chauvin, a white police officer, kneeled on his neck for more than eight minutes. Floyd's death has sparked protests in many cities across the United States.

"Systemic racism and the events that have unfolded across America over the past few weeks serve as an urgent reminder of the continued change needed in our society," Nike President and CEO John Donahoe said.

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Jordan has earlier expressed his grief and outrage over the death of Floyd.

"I am deeply saddened, truly pained and plain angry. I see and feel everyone's pain, outrage and frustration. I stand with those who are calling out the ingrained racism and violence toward people of color in our country. We have had enough," Jordan said.