Almost always a sure hit as the box office, sports comedies have been trying to enter the mainstream's collective enthusiasm for film for decades. Child actors mingle with real-life sports stars and snake the way through the madness that is plot to come out on the other side with a message for the audience. Like Mike follows this formula for success, and did rather well.
Lil' Bow Wow stars as 14-year-old orphan Calvin who picks up a pair of sneakers at a thrift store after obtaining tickets to see the Los Angeles Knights play a game on their home turf. The shoes have a story connected to them, and the initials "MJ" are barely visible on the inside. Word had it that the shoes belonged to a basketball superstar when he was a kid himself, so Calvin assumes they once graced the feet of Michael Jordan. Feeling pretty proud of himself, Calvin wears the sneakers with authority and is the envy of other children in the orphanage.
One night, however, a bully steals the shoes and throws them over a power line in a rainstorm. As Calvin tries to retrieve the shoes, he is struck by lightning and doesn't realize he has gained any particular strengths until the next day. As Calvin and his friends attend the aforementioned Knights game, he is picked from the audience to start a one-on-one game with one of the Knights star players. Wearing his special MJ sneakers, Calvin wins the contest with a superstar dunk and is signed on the spot to a one-day contract with the Knights, who were surprised by the kid's apparent athletic ability.
Calvin helps the struggling Knights win a well-sought victory against one of their rivals and is then signed to a full-time contract with the team. But as the Knights travel around the country with their star player, little do they know that the head of the orphanage is planning on keeping all of Calvin's money until he's adopted. So one night, Calvin's shoes are stolen from him and the headmaster bets $100,000 against the Knights losing their next game.
The shoes no longer work, though, although Calvin doesn't know it. He and his friends steal the shoes back and go on to help the Knights win their losing battle with the Toronto Raptors. After that game, Calvin is adopted by the Knights star player.