Former NBA player and ex-Utah Jazz assistant coach, Jason Terry, finds himself entangled in a legal dispute over an alleged unpaid $25,000 diamond-encrusted Rolex watch. According to a lawsuit filed in Manhattan Supreme Court, Terry rented the customized 23.5-carat stainless steel timepiece from renowned New York jeweler Eric Mavachev, also known as “Eric Da Jeweler” or Eric Mavani, for an event but later expressed his intention to purchase it.
Former NBA Player Jason Terry Faces Lawsuit Over Alleged Unpaid $25,000 Diamond Rolex
The lawsuit, filed on Monday, claims that Terry borrowed the extravagant watch to wear to a Las Vegas nightclub during the summer league. After the event, instead of returning the watch, Terry reportedly approached Mavachev to negotiate its purchase. The court papers allege that an agreement was reached, with Terry agreeing to buy the timepiece for $25,000.
According to Mark Shirian, the lawyer representing Mavachev, on July 10, Terry sent a text message requesting the jeweler’s bank account information, stating that he would wire the money on July 13. However, the payment never materialized, and Terry allegedly ignored subsequent messages from Mavachev claiming that he had not received the funds.
Celebrity jeweler files legal action against ex-Brooklyn Nets player for breach of contract
The lawsuit accuses Terry of failing to pay the agreed-upon amount of $25,000 and neglecting to return the Rolex watch to Mavachev. In response to Terry’s apparent non-compliance, Mavachev and his legal team granted him a 30-day period to fulfill his obligations, which he allegedly failed to do, leading to the breach of contract lawsuit.
Eric Mavachev, known in celebrity circles for his dazzling jewelry creations, has catered to a clientele that includes prominent figures like Kim Kardashian, Tyga, Floyd Mayweather, and Snoop Dogg. The jeweler’s association with high-profile individuals and celebrities has made him a respected name in the industry.
As the legal proceedings unfold, the outcome of the lawsuit will determine whether Jason Terry will be held accountable for the alleged breach of contract and non-payment. The resolution of this case will shed light on the responsibility and integrity expected of public figures, both on and off the basketball court.
It remains to be seen how Jason Terry will respond to the allegations and whether an amicable settlement can be reached between the parties involved. As the legal process takes its course, the outcome will serve as a reminder of the importance of honoring agreements and the potential consequences for failing to do so, regardless of one’s professional accomplishments.