Truth & Rumors > NBA

Report: George Karl sued by former agent

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10:34 AM ET 09.14 | Former National Basketball Association coach George Karl is being sued by his long-time agent, Columbus attorney Bret Adams, in a payment dispute. Adams filed suit in U.S. District Court in Columbus on Wednesday, claiming Karl has refused to pay him since January, allegedly breaching a contract between the two. The suit says the contract calls for Adams to receive $10,000 a month from Karl. He is asking for compensatory damages in excess of $75,000, attorney fees and other costs. Adams has represented Karl for nearly 20 years, making national headlines in 2001 when he negotiated the highest-paid professional coaching contract in sports at $7 million a year. The suit says Adams has negotiated more than $50 million for Karl in personal service contracts with the NBA's Milwaukee Bucks and Denver Nuggets.

Columbus Business First

George Karl, Getty Images George Karl, Getty Images
September 14, 2013  10:37 AM ET

Agents are not much better than ambulance chasing lawyers. $10,000 a month for what?

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Comment #3 has been removed
September 14, 2013  02:09 PM ET
QUOTE(#3):

a typical agent gets about 8-10% of the contracts that are signed.if karl has made 50 mil ...he has to pay the agent about 4-5mil....which even spread out over several years....is way more than 10k a month

I think it's more in the range of 3-5% and I'm sure payment is completed by the end of each contract. Not sure about the length or amount of Karl's last contract.

September 14, 2013  05:43 PM ET

Two rich guys fighting over crumbs.

September 14, 2013  06:46 PM ET

If there was an agreement that Karl didn't honor, he should pay. People can complain about lawyers all they want. We "attorneys" are like police. Everyone hates us until they need us.

September 15, 2013  11:24 AM ET

Money Can't Buy You Happiness, Bros.

September 15, 2013  11:36 AM ET

I'm sure there is more to this story than meets the eye, but the fact that George isn't working at the moment says that this guy isn't very good. I probably wouldn't pay him either if I was unemployed. Isn't it his job to make sure George stays working?

 
September 15, 2013  06:58 PM ET

George call Drew Rosenhaus

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