Vince Carter loses court case, ordered to pay ex-agent close to $5 million
Jet, Nov 22, 2004
A federal jury in Columbia, SC, ordered NBA star Vince Carter to pay his imprisoned former agent, William "Tank" Black, nearly $4.7 million in lost commissions and damages.
Black, who signed Carter after he left North Carolina in 1998, sued his former client for $9 million in commissions for endorsement deals the former agent said he landed for Carter, as well as $5 million in damages. The panel said that Carter breached his contract with Black's company, Professional Management Inc., when the Toronto Raptors guard dissolved the agreement in 2000. It awarded Black $4,675,640.45 in actual damages.
The jury also found that Black violated his fiduciary duties to Carter and ordered the one-time sports agent to pay $800,000 to Carter. That was the total of two loans Carter made to Black.
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