Thursday, November 4, 2004

Carter Liable for Breach of Contract: NBA player Vince Carter was ordered by a federal jury to pay $4.7 million in lost commissions and damages to his former agent, who is currently imprisoned on money laundering and other charges. The agent originally sued Carter for $14 million, claiming Carter fired him without paying him a percentage of the endorsement deals he landed for the player.



Carter had also countersued, demanding the agent repay him the nearly $19 million he lost in a failed shoe deal with Puma. The jury found that Black and his company were negligent in handling the Puma contract, but decided Carter was not harmed financially by the negligence and gave him no damages.



Carter plans to appeal.

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