Bad news for Kareem Abdul-Jabbar … the NBA legend has been ordered to pay more than $900k to a famous auction house for backing out of a deal to sell a bunch of his memorabilia … TMZ Sports has learned.
Kareem had been at war with Julien’s Auctions for years — after a 2012 deal to sell 400 items went south. Kareem went to the auction house in 2014 and physically removed some of the items.
Julien’s sued Kareem — claiming they also made a $300k donation to his foundation as part of the deal to sell the items — but he refused to refund the money when he backed out of the sale.
The case went to arbitration … and Kareem lost.
Now, he’s been ordered to pay more than $900k in damages PLUS interest and attorney’s fees. He’s also been ordered to return all the items he took.
Julien’s president and CEO, Darren Julien, issued a statement saying, “It is very unfortunate that it had to come to this as we tried everything to come to an agreement with [Kareem and his manager] outside of the courts.”
We reached out to Kareem’s manager for comment — so far, no word back.