Wednesday, May 11, 2005

LeBron

According to news reports, Cavaliers star LeBron James has dropped his agent and turned over duties to a high school teammate and friend. If I've learned anything in law school, it is that this type of relationship is a recipe for disaster. I would not be surprised if this ended up in court, especially if LeBron and his friend cut corners when contracting and then something goes horribly wrong. Perhaps 1Ls will be reading about this case in contracts class 5 years from now?

4 Comments:

Blogger Ha ha hit him again said...

Perhaps Dershowitz will defend Van Gundy at another sports "mock trial"

5/11/2005 10:56:00 PM  
Blogger bum from jersey said...

you shouldn't blog about a situation you don't completely understand (but you are a democrat and only are aware of what the media tells you should be aware of). the slant the sports media has taken on this issue is that lebron's friend who will be taking over his agent's duties. that is true and you are right as friends working together in a high financial situation often is a recipe for disaster. at the same time though, you and much of the media fail to mention (or maybe just plain unaware of) that he isn't hiring just one of his "homies" but someone who is actually experienced and might just do as good a job as his previous agent did. so i doubt he will be "cutting corners" because though he will be representing james he probably will look to representing other athletes as well. also, he will be getting help from a managing firm, but oh wait, its a hip hop firm so you probably dismiss it as illegitimate. why am i not suprised?

5/12/2005 09:28:00 AM  
Blogger sling said...

Bum from jersey is right in that Lebron's friends will get help from a managing firm and they are unlikely to make colossal mistake.

However, given Goodwin's (James' ex-agent) success in acquiring a record $90 million deal, it is hard to believe that James' high school friends could do better. Keep in mind, that deal is really special given that Lebron had yet to play in an NBA game (or a collegiate game for that matter) since he came straight out of high school.

It would not surprise me if this move hurts Lebron financially. Of couse, Lebron doesn't really need to maximize his earnings given that he will likely make more than 1 billion dollars by the end of his career. I suppose there's no real harm in helping out some friends and giving them a respectable job.

5/13/2005 10:39:00 PM  
Blogger putonyourspecs said...

Just wait and see!

5/15/2005 01:42:00 AM  

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