Roughly 5 years ago, rapper Lil Wayne announced that he was entering the world of athlete representation and would use the Young Money brand to help secure athletes. Since then, he has merged his company with another startup called APAA Sports Group to become Young Money APAA Sports (YM APAA Sports Group & Entertainment).
The merged entity has been involved in additional M&A to create what is now a reputable company in basketball and football, with the majority of the company’s focus being placed on servicing NFL players such as Devin and Jason McCourty, Lane Johnson, Derrius Guice and Malik Jefferson.
Recently, a lot of the discussion surrounding YM APAA Sports has been centered on its quick growth, particularly with regard to the Guice and Jefferson signings, 2 highly touted players going into the 2018 NFL Draft. However, the company is now embroiled in litigation against 1 of its former basketball clients — Frank Mason III.
In a lawsuit filed on August 3, 2018 in the U.S. District Court for the Eastern District of California – Sacramento Division, YM APAA Sports is suing Mason for $92,000 in monies advanced and expenses incurred, as well as return of a gold necklace or $11,000 representing its perceived value.
The 3 causes of action in the filing are Breach of Contract, Indebitatus Assumpsit – Money Had and Received, and Conversion.
Mainline.gg is an esports tournament software company based in Houston, Texas. Mainline helps usher companies, brands, and game titles within…
Jake Reynolds was with 15 colleagues on April 9, 2019, watching the National Hockey League Draft Lottery in anticipation of…
Rudy Gobert is now an esports investor. The 2-time NBA Defensive Player of the Year invested in ReKTGlobal, the parent…
If you stumble upon Chris Chaney's LinkedIn page, you will need to click the "show more experiences" list quite a…
Earlier this year, esports analytics provider Newzoo predicted that the global esports economy will top $1 billion for the first…
It feels as though there is more talk than ever by and among professional athletes about how they can prepare…
View Comments
I'm sure this could've been handled outside of court. The athlete seems to be unresponsive to the request and not willing to cooperate therefore a lawsuit is in effect. Will it eventually cost more than $90k in legal fees for a case like this?
My understanding is that the parties are coming to an agreement. Source indicates it should be done soon.
Wow! I’ll take the chain