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SBJ/April 22 - 28, 2002/Labor Agents
Texans don't wait for NFL draft for $60 million deal on a new Carr
Published April 22, 2002
By the time you read this, David Carr may be a Houston Texan, signed, sealed and delivered.
The Texans and Mike Sullivan, head of football for Octagon and agent to the Fresno State quarterback, reached a tentative agreement last Monday on a seven-year, $60 million deal.
The deal includes an $11 million signing bonus, a $3 million option bonus and $2.25 million in salary over the first three years, a source said. Over seven years, the deal includes about $46.25 million in salary and bonuses, with about $13 million in additional escalators and incentive bonuses, the source said.
Sullivan, in an interview last Monday, declined to comment on the details of the deal but said that he and the Texans were close to an agreement.
"They are interested in getting it done, if possible [before the draft]," Sullivan said. He planned to travel to Houston to meet with Texans officials last Wednesday and Thursday to try to work out a deal before heading to New York Friday for the draft.
Sullivan, who is based in Walnut Creek, Calif., already has traveled to Houston twice, in late March and early April, to meet with Texans general manager Charley Casserly and chief negotiator Dan Ferens. They all reviewed the contracts of Peyton Manning, Tim Couch and Michael Vick, recent No. 1 selections who were quarterbacks, Sullivan said.
"We talked about structure issues ... [including] the relationship of the signing bonus to the overall deal," he said. "Both sides are optimistic that with the groundwork we have laid, it won't be too long to come to a deal."
Sam Clancy and Dan Gadzuric are now SFX Basketball teammates.
SFX LANDS FOUR NBA DRAFT PROSPECTS: SFX Basketball, which has dominated the NBA draft in the last few years, has signed at least four prospects so far for this June's draft, including three potential first-rounders.
Sam Clancy, a forward from USC; Dan Gadzuric, a center from UCLA; and Bostjan Nachbar, a Slovenian small forward, who plays for the Italian pro team Benetton Treviso, have all signed with the agency. NBAdraft.net, a mock draft Web site popular with basketball agents, had Clancy ranked No. 15, Gadzuric ranked No. 20 and Nachbar ranked No. 26 last week, which would put them all in the first round.
SFX also signed Mladen Sekularac, a Yugoslavian guard/forward who plays for the Yugoslavian pro team FMP Zeleznik. Sekularac is not ranked by NBAdraft.net.
SFX Basketball chief Arn Tellem and SFX Basketball senior director Bob Myers, both based in Los Angeles, represent Clancy and Gadzuric. SFX Basketball senior vice president David Bauman, based in Washington, D.C., represents Nachbar and Sekularac.
Last year, SFX agents represented 10 players selected in the first round of the NBA draft, a record for one company.
BUCHANON, PORTIS SIGN WITH REEBOK: University of Miami cornerback Phillip Buchanon and college teammate and running back Clinton Portis have signed two-year deals with Reebok, said David Ware, agent for the players. Both were expected to be chosen fairly high in the NFL draft.
Ware, a lawyer with the firm Constangy, Brooks & Smith and owner of Vortex Sports & Entertainment, would not reveal the value of the deals, but said they include cash and merchandise.
Agents said Reebok has been a welcome competitor to Nike, at least in the eyes of players and agents, in the footwear market this year. Both companies have talked to many of the projected first-round draft picks about deals.
"Reebok is going after guys who are fast," Ware said of the company's interest in Buchanon and Portis. "Their whole program is designed around people who are very fast."
Ware also signed a deal for Portis with Sony to appear as the featured player on 989 Sports' NCAA GameBreaker 2003 video game. He declined to reveal the value of that deal, but said it includes cash and merchandise.
Ware and the other agents in his firm — Mike Malfatino, Terry Williams and Braylen Bennett — represent nine players who were eligible for last weekend's draft. "Yes, this is a great year," Ware said. "We feel extremely blessed."
IF TO REP THREE FOR BROADCAST WORK: IF Management has signed former Milwaukee Brewers and New York Mets outfielder Darryl Hamilton, former San Antonio Spurs small forward Sean Elliott and CBS announcer Gus Johnson for representation in broadcast work.
IF agents Steve Herz and Gideon Cohen will represent the three new clients. New York-based IF Management specializes in sports broadcast work and represents about 60 clients.
Contact Liz Mullen with agent and labor news at firstname.lastname@example.org.