Tristan Thompson returns to Cleveland on a one-year deal

Termini and Klutch agreed to a three-year contract, later extended to 2020. Klutch agreed to pay Termini 25% of Klutch and Paul’s gross fee on NBA contracts and marketing deals. As depicted in the complaint, the contract contemplated fees being earned even if a contract between Klutch and an NBA player ended. Termini would also be the “exclusive provider” of contract negotiation services to Klutch. Termini estimates he negotiated “in excess of $1.4 billion in contracts” for Klutch through the free agency period preceding the 2019-2020 season. His services were used for deals with Draymond Green, Ben Simmons, Eric Bledsoe, Tristan Thompson, J.R. Smith and, most notably, LeBron James. Termini says it was his idea to implement a “one plus one” contract strategy for James in which James earned more than $19 million over the course of three short Cavaliers contracts—instead of one longer deal—when he returned to the Cavs in 2014. -via Sportico / June 26, 2024