TEMPE, Ariz. — Cardinals rookie broad receiver Marvin Harrison Jr. was set to earn $1.05 million between April 1, 2024 and March 31, 2026 from Fanatics in trade for sport jerseys and greater than 35,000 autographs, in line with the time period sheet between the 2 events that’s on the heart of the lawsuit that Fanatics filed in Could.
Particulars of the time period sheet had been made public for the primary time by the New York State Supreme Court docket, the place the lawsuit was filed. The financials of the time period sheet had been redacted within the preliminary submitting of the lawsuit.
Fanatics filed a lawsuit in opposition to Harrison on Could 18 for breach of contract. Within the swimsuit, Fanatics mentioned Harrison has refused to satisfy his obligations to the deal whereas he additionally “publicly asserted” that the contract doesn’t exist.
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In response to the doc, which was named and described as “binding time period sheet” all through, “every get together acknowledges and agrees that (i) it shall be legally certain by the phrases and circumstances of this Time period Sheet.” Nonetheless, the time period sheet additionally mentioned that “promptly” after signing the time period sheet, the 2 sides would “work collectively in good religion to barter an settlement to mix, amend and restate” the deal.
In late June, Fanatics’ attorneys requested the court docket to seal the binding time period sheet and “sure redacted parts” of the lawsuit that “references its provisions.” Fanatics attorneys defined of their request that the time period sheet comprises “delicate, private business info associated to Plaintiff and Defendants, together with the precise phrases of their confidential contractual association, the publicization of which might negatively affect their companies.”
On July 9, Harrison’s lawyer filed a movement that mentioned Harrison didn’t object to the time period sheet being sealed however added that he does “not consent to their being a binding contract.”
The time period sheet, which was signed by Harrison on Could 16, 2023, and by Fanatics common counsel Shiri Ben-Yishai two days later, was damaged into two phases. The primary — Section 1 — stretched from the day of the signing to March 31, 2024, earlier than Harrison was drafted by the Cardinals. Section 2 is from April 1, 2024 to March 31, 2026.
The time period sheet, which said that it’s going to “embody unique, worldwide buying and selling card (bodily and digital) and buying and selling card autograph proper,” known as for Harrison to put on and provides to Fanatics 30 jerseys, which the time period sheet mentioned could be supplied by Fanatics, within the 2024, 2025 and 2026 seasons. It additionally known as for Harrison to provide a minimal of 35,000 autographs with a Fanatics possibility for 15,000 extra.
Throughout Section 1, Harrison was required to comply with 10 followers on social media, put up one short-form promotional video and make one public look. Nonetheless, throughout Section 2, Harrison could be required to make 5 social media posts, comply with 10 followers, put up one short-form promotional video on social media, have one “media seize day” for nonetheless images and video, make two public appearances, make one 60-minute fan expertise, make one Fanatics Dwell digital look and 5 buying and selling card swaps. Harrison would even be required to attend non-public signings and take part in fan meet and greets at every non-public signing.
Harrison was assured $1.05 million throughout Section 2, which was damaged into an $800,000 money lump sum and $250,000 in fairness, which means Fanatics shares.
Harrison’s autograph charges throughout Section 2 of the time period sheet had been to be $30 per autograph and $10 per inscription. If he had been the first- or second-overall choose, his per-autograph charge would’ve elevated.
The time period sheet offers Harrison permission to enroll to 100 autographs for followers, teammates and charitable organizations so long as he does not receives a commission for them. Had Harrison been the first-overall choose in April’s NFL draft, he would’ve obtained a $100,000 bonus from Fanatics, in line with the time period sheet.
He can nonetheless doubtlessly obtain three extra bonuses: $100,000 for being named the Offensive Rookie of the 12 months, $100,000 for being named NFL MVP, $100,000 for profitable the Tremendous Bowl as a starter or $200,000 for being the Tremendous Bowl MVP.
In response to the time period sheet, ought to Harrison be traded from the Cardinals, his assure might be lowered. The time period sheet is also terminated if Harrison is charged with a felony or a criminal offense “involving ethical turpitude, or commits any unlawful, egregious or different offensive act that Fanatics believes, in its affordable sole discretion, topics Fanatics to materials public disrepute, scandal or ridicule.”
