On March 20, 2004, a man by the name of Darrell Wills made a written proposal to current Baltimore Ravens wide receiver Anquan Boldin whereby Boldin would provide Wills with $170,000.00 for the purpose of Wills creating a sports agency called, Imagine Sports International (ISI). The proposal included a promise by Wills that he would repay the $170,000.00 loan plus interest within five years. It also established that Wills would only charge Boldin 2.5% on his professional contract instead of the NFLPA maximum 3% commission and handle all of Boldin’s marketing for only 15% commissions instead of 20%. Wills signed a promissory note that same month. More than five years elapsed and Wills failed to pay Boldin the $170,000.00 much less the interest.
In 2011, Boldin filed a Complaint for Damages and Determination of Dischargeability of Debts. Wills had previously filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code. In the Complaint, Boldin made sure to point out that pursuant to the rules of the NFLPA, agents of NFL players are prohibited from borrowing money from their clients. Boldin filed a Motion for Entry of Default Final Judgment, which the Court granted. The Court stated that Boldin was due $280,115.28.
It is unknown whether Boldin has received any of that money. Perhaps he appropriates some more time to recouping his money now that the Baltimore Ravens’ season has come to a close.
