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Cater ordered to pay former agent nearly $4.7m
A federal jury in Columbia, S.C., ordered Vince Cater to pay his former agent, William "Tank" Black, nearly US$4.7 million in lost commissions and damages. NBA star Carter breached his contract with Black's company, Professional Management Inc., when the Toronto Raptors guard dissolved the agreement in 2000. It awarded Black 4,675,640.45 million in actual damages, according to the panel. The jury also found Tuesday that Black, who has been imprisoned, violated his fiduciary duties to Carter and ordered the one-time sports agent to pay 800,000 million to Carter. That was the total of two loans Carter made to Black. "Obviously, we're unhappy with it. It's hard to understand," Carter's attorney Jake Moore was quoted by a report as saying. The decision brought a temporary end to the court case. Carter spent several days away from his team as he fought Black, a federal prisoner. Carter, who testified Monday, had returned to Toronto, where the Raptors open the regular season against Houston on Wednesday night. Moore said Carter intends to appeal. Moore expects to file court papers within 10 days. |
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