“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.”
“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 company says that Jimmy signed a $5 million contract and Jimmy owes them $750,000 from that. The suit claims that Jimmy owes the company a total of $842,250 in unpaid commissions and wants a full accounting of all money he’s been paid. They also want interest and attorney fees to be added.
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