Miami Heat star Jimmy Butler is being accused of screwing over his former sports managers after they helped score him a massive Nike deal.
According to court documents obtained by The Blast, Independent Sports & Entertainment is suing the NBA star for breach of contract.
The suit claims Butler signed a deal with the company back in 2013. Independent Sports & Entertainment was to assist Butler with marketing and public relations.
Per their deal, Butler agreed to pay commissions for the services including “15% of the Gross Compensation, paid to, earned by, or credited to the Athlete in connection with each such Activity.”
The agreement had a provision that stated “Gross Compensation” means all income, salaries, earnings, royalties, residuals, bonuses, percentages and shares of profits.
The company says Butler signed a massive $5 million-deal with Nike during their contract.
Independent Sports & Entertainment states, “While under the PR Agreement, Butler entered into a contact with Nike. Butler was paid over $616,666.67 in compensation on the Nike contract. The suit says Butler “failed to pay fees owed to ISE on $616,666.67 in compensation he warned from the Nike Contract which consists of base compensation and performance base payments, and thus owes $92,250 for such compensation.”
The suit claims Butler received another $5,000,000 from Nike. He was paid a $1,000,000 signing bonus and $1 million for each of the first four years of the Nike deal. The contract ran from 2016 until 2020.
Independent Sports & Entertainment believes they are owed $750,000 from the $5 million paid to the NBA star.
The lawsuit accuses Butler of owing a total of $842,250 in unpaid commissions. The company is also demanding accounting from Butler to show the full amount of monies he has been paid. The sports management company wants interest added and attorney fees.