Perry Rogers of Alliance Sports Management Co. represented Andre Agassi during his years of greatness and claims to have concurrently represented his wife, Steffi Graf. Rogers says that he is owed more than $50k in commissions from Graf.
The interesting point is that with endorsement deals, agents are notoriously paid directly from the marketers, take their cut, and then send the rest of the money to the client (which is different from how an agent is paid from negotiating a contract with a team for a baseball, football, or basketball player).
How then is Rogers still owed $50k?
Apparently this is how:
"[The lawsuit] says Graf agreed to pay Rogers’ company 15 percent of all business ventures once an investment account had reached $20 million. Graf stopped paying Rogers after the October split with Agassi."
For fifty thousand bucks, I think this bad boy gets settled before any more news leaks out.
2 comments Last one added 3 months ago — Leave a Comment
Mary Winters 6 months ago
If you read the court document it is thin in details. You are talking about maybe someone missing one payment when you think that most bills have a 30 day grace period and they were 60 days from the due date. Can you image if everyone filed lawsuits when someone was 60 days past when you sent them the bill. Heck, I have a very good client who hasn't paid their 10/22/2008 bill and it is a good sum to me. The $50,000 is nothing to both parties as a percentage of their income. Besides, Steffi probably thought that the business dealings ending in October included all business dealings. The court documents do not have the original agreement listed as an attachment. This is a garbage case just to get in the newspapers and try to cause Andrea and Steffi pain.
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Chris McReynolds 3 months ago
Where's the update on this story? This has to be the first of many law suits that are flying back and forth.
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