Go to the free agents, choose Penny Hardaway, assign him to the 90's East, and edit the following:

Position
Primary Position - PG

Vitals
Preset - PG Distributor
Shooting (Close) - 99
Shooting (Med.) - 91
Shooting (3 Pt.) - 74
Free Throws - 78
Layups - 95
Dunking - 85
Ballhandling - 90
Passing - 90
Low Post Off. - 75
Low Post Def. - 70
Blocking - 65
Stealing - 75
Off. Rebounding - 60
Def. Rebounding - 70
Speed - 85
Stamina - 99
Durability - 80
Off. Awareness - 90
Def. Awareness - 80
Potential - 50
Strength - 70
Vertical - 85
Shoot Off Dribble - 75
Shoot In Traffic - 80
Quickness - 86
Hustle - 90
Hands - 88
On Ball Defense - 75
Standing Dunk - 60

Tendencies
Shot Tendency - 60
Close Shots - 65
Mid-Range Shots - 65
3PT. Shots - 30
Drive The Lane - 85
Attempts Dunks - 65
Back To Basket - 50
Triple Threat - 85
Shoots Fadeaways - 65
Shoots Hookshots - 50
Attempts Putback - 20
Flashy Passes - 80
Commits Fouls - 14
Passing Lanes - 50
On Ball Steals - 50
Contests Shots - 30

Activate the following cheats by entering the corresponding codes at "Features" > "Codes":

CHEAT FUNCTION - CHEAT CODE
2K China Team - "2kchina"
2K Sports Team - "2ksports"
ABA Ball - "payrespect"
All-Star Jerseys - "llaveyfonus"
NBA 2K9 Development Team - "nba2k"
Superstars Team - "llmohffaae"
Visual Concepts Team - "vcteam"
2K Europe team - "2keurope"
2K Japan team - "2kjapan"

The Oklahoma City Thunder is still the Seattle Supersonics in the game. To fix this, go to "Create Team" and create a new team called "Oklahoma City Thunder". Use the Thunder logo provided in the game, which closely resembles the actual one. Draft all of the Sonics players to this team.

Use the following customizations to create Michael Jordan. Note: When adjusting the sliders, move each of them all the way to the left, then go to right for whatever amount attributed:

Vitals
First Name - Michael
Last Name - Jordan
Hand - Right
College/From - North Carolina
Years Pro - 1
Jersey Number - 23
Position - Shooting Guard
Secondary Pos - Shooting Guard

General
Age - 24
Height - 6'6"
Personality - Expressive
Build - Normal
Skin Color - 2
Muscle Tone - Buff

Hair
Hair Style - None
Hair Color - Brown
Beard Style - None
Moustache - Moustache 4
Goatee - None

Face
Eye Color - Brown
Head Width - 27
Head Back - 42
Head Length - 15
Head Round - 36
Head Pointedness - 3
Neck Thickness - 64
Neck Fat - 14
Chin Length - 64
Chin Width - 15
Chin Protrusion - 49
Jaw Width - 35
Jaw Squareness - 0
Brow Height - 21
Brow Center - 11
Brow Width - 56
Brow Sloped - 12
Cheek Height - 47
Cheek Width - 47
Cheek Fullness - 10
Upper Lip Width - 43
Upper Lip Curve - 53
Upper Lip Protusion - 16
Lower Lip Width - 49
Lower Lip Curve - 10
Lower Lip Protusion - 30
Mouth Height - 20
Mouth Width - 25
Mouth Corners - 47
Ear Height - 41
Ear Width - 53
Ear Tilt - 4
Nose Width - 40
Nose Height - 22
Nose Protusion - 32
Nose Middle - 24
Nose Bridge - 38
Nose Tip Height - 16
Nose Tip Pointness - 16
Nostril Height - 38
Eye Height - 47
Eye Width - 31
Eye Protusion - 13
Eye Distance - 20
Eye Rotation - 38
Eye Openess - 32

Accessories
Left Elbow Pad - Black Lrg Band
Left Knee Pad - Black Sleeve
Sock Length - Short
Home Sock Color - White
Away Sock Color - Black

Shoes
Shoe Manuf. - Jordan
Shoe Style - Jordan Pure Pressure
Shoe Color - Red

Signature
Jumper - Quick Launch
Free Throw - Clean
Post - Textbook
Dunk/Layup - Basic Guard
Isomotion - Elite 3