Mar
03

Athletes Premier International And Hendricks Sports Management Reach Settlement

Most claims get settled before they ever make it to court.  File Athletes Premier International, Inc. v. Hendricks Sports Management in that class of claims.  Yesterday, Jon Heyman and Melissa Segura of Sports Illustrated, reported that the parties have settled for an undisclosed amount of money.  In all likelihood, Mejia agreed to keep the settlement figure confidential.

The most interesting part of the settlement is its timing.  As I posed earlier this week, Hendricks Sports Management had found itself in a big mess between dealing with the pending suit brought by Mejia (now settled), coupled with Rodney Fernandez claiming that Hendricks Sports Management was involved in the explanation of why there is money missing from Kendry Morales’ bank account.

To read more about Edwin Mejia’s and Athletes Premier International’s claims against Hendricks Sports Management (prior to settlement), click here.

  • Francis Santoianni

    Like all settlements, the details, especially financial ones ,are confidential, however given the amount that Chapman signed with for the Reds, and given what the agent’s cut would have been on that deal its hard to believe that the original agent wouldn’t have cut a deal in the millions. Also lets not forget all of the expenses that the original agent had to pay out of pocket. Hopefully those were reimbursed in their entirety as well.

    • anon

      @Francis – There’s no way the original agent got “millions.” My guess is he got his expenses and maybe a little more. Remember, a 5% cut of $30 million would be $1.5 million, and the contract is spread over 10 years.

  • Francis Santoianni

    Anon,

    Why would he settle for just expenses? He is entitled to damages as well. I don’t think he would settle this early in the proceedings for merely his expenses. At least I hope not!

    • anon

      @Francis – How do you figure he’s “entitled” to damages? He sued for damages, and it’s possible he would have won damages, but it wasn’t a slam-dunk case, plus the existing legal precedents actually were on the Hendricks’ side.