gr8slayer
04-26-2007, 10:33 AM
http://www.buffalonews.com/213/story/62327.html
An arbitrator handed Buffalo Bills cornerback Terrence McGee a setback in his ongoing dispute with former agent Terry Bolar.
Roger P. Kaplan of Alexandria, Va., ruled that McGee must pay Bolar a 3 percent fee for negotiating the contract he signed in 2005.
McGee said he and Bolar signed an agreement that would give Bolar 1 percent of his earnings instead of the standard 3 percent agent fee. Bolar denied entering into such an agreement.
McGee’s Buffalo-based lawyer, J. David Sampson, said Bolar admitted to preparing the 1 percent agreement and had it signed by McGee, but the papers were never submitted to the NFL Players Association.
Since there is no physical evidence to support Mc- Gee’s claim, Kaplan considered the 3 percent agreement established when McGee hired Bolar in 2003 was still valid.
Bolar had already received 1 percent ($50,000) of McGee’s $5 million signing bonus. Bolar is now owed an additional 2 percent ($100,000) of the bonus and 3 percent of McGee’s annual base salaries. McGee is now represented by Ron Raccuia of Buffalo.
An arbitrator handed Buffalo Bills cornerback Terrence McGee a setback in his ongoing dispute with former agent Terry Bolar.
Roger P. Kaplan of Alexandria, Va., ruled that McGee must pay Bolar a 3 percent fee for negotiating the contract he signed in 2005.
McGee said he and Bolar signed an agreement that would give Bolar 1 percent of his earnings instead of the standard 3 percent agent fee. Bolar denied entering into such an agreement.
McGee’s Buffalo-based lawyer, J. David Sampson, said Bolar admitted to preparing the 1 percent agreement and had it signed by McGee, but the papers were never submitted to the NFL Players Association.
Since there is no physical evidence to support Mc- Gee’s claim, Kaplan considered the 3 percent agreement established when McGee hired Bolar in 2003 was still valid.
Bolar had already received 1 percent ($50,000) of McGee’s $5 million signing bonus. Bolar is now owed an additional 2 percent ($100,000) of the bonus and 3 percent of McGee’s annual base salaries. McGee is now represented by Ron Raccuia of Buffalo.