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I can't make excuses for the way Jordan behaved, but isn't that similar to most normal humans who find themselves in the situation where they look for a new job, get a great offer, go back their current employer with a letter of resignation, only to be offered even more to stay? How is this any different, except it played out in the public eye for everyone to masticate over...
You're leaving out the part where you accept the new great offer. Guys in free agency get offers all the time and go back to their team when they match/exceed. The offer is the leverage. There's an extra step involved here and that's why people are all over Jordan.