Rich Paul sued by NBA player Nerlens Noel over lost $58 million

[ajnapoleon]

I wonder if ticket tv will speak on this


If you know you know

 

[Megadeus]

And after 20 + pages of fake pearl clutching.

Man I knew this was gonna happen

 

[KnickstapeCity]

I wonder if ticket tv will speak on this


If you know you know

 

[smitty22]

nikkas will read a piece of very clear information word for word and still invent a totally different account of what was stated in black in white out of denial

That’s like that dodo @Regular_P getting fired on the spot from McDonald’s, but showing up the next day talking bout I thought you meant I couldn’t come only on the weekends

 

[nieman]

How did Nerlens lose? They settled, but he had to pay them the commission (4%) on the deal that he did receive, that he refused to pay. That money was still owed to them, shytty deal/bad advice or not, but they did that just because they can. If he had already paid that, it would've been a flat settlement.

 

[nieman]

So Noel had to pay Rich 5 Milli?

It wasn't 5M. It was their cut of the 5M deal.

 

[Goatpoacher]

I don't understand why people think they know who paid how much to whom.

 

[No1]

I don't understand why people think they know who paid how much to whom.

Because Klutch put out their PR and leaked their side of the settlement, and so people assume that Nerlens didn’t receive any compensation. He’s most likely under a confidentiality agreement and non-disclosure and they worked out that they could release this statement. On the flip side, he could’ve received nothing. People are just speculating and that’s the point. People will read headlines and assume.

 

[Goatpoacher]

Because Klutch put out their PR and leaked their side of the settlement, and so people assume that Nerlens didn’t receive any compensation. He’s most likely under a confidentiality agreement and non-disclosure and they worked out that they could release this statement. On the flip side, he could’ve received nothing. People are just speculating and that’s the point. People will read headlines and assume.

If we know whether or not there was a cross-claim by Klutch, that will give us a better clue whether the payment was only one way. Your theory, that there was an offset against a settlement, is the most likely explanation.

 

[No1]

If we know whether or not there was a cross-claim by Klutch, that will give us a better clue whether the payment was only one way. Your theory, that there was an offset against a settlement, is the most likely explanation.

The whole point of arbitration is to keep it out of the courts. So we won’t really know the terms m. It’s not like someone is appealing the arbitrator’s decision.

 

[Goatpoacher]

The whole point of arbitration is to keep it out of the courts. So we won’t really know the terms m. It’s not like someone is appealing the arbitrator’s decision.

You can still file cross-claims in arbitration. Arbitration, these days, is just a mini-court system with no juries.

 

[No1]

You can still file cross-claims in arbitration. Arbitration, these days, is just a mini-court system with no juries.

I’m well aware, I’m saying that none of this is going to be public record. This is a private arbitration not something like a court program where the claims are deferred to arbitration or mediation.

 

[GunRanger]

This just lets you know Shams is a puppet and a shill.

He framed this deliberately to look like noel didnt receive any compensation

 

[Copy Ninja]

Nerlens agreed to pay Klutch $5M? He was suing them for money he missed out on but he's now paying them? Who the fukk is advising this guy

 

[Supa]

Nerlens agreed to pay Klutch $5M? He was suing them for money he missed out on but he's now paying them? Who the fukk is advising this guy

Where does it say he paid them 5 million?

It's their commission on 5 million.