Kareem Abdul-Jabbar — Hit With $900k Judgment … In Auction House War

Post date:

Author:

Category:


0727-kareem-abdul-jabbar-getty-01Bad 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. 

For more sports stories, check out tmzsports.com!



Source link

[td_block_social_counter style=”style10 td-social-boxed td-social-colored” facebook=”tagdiv” youtube=”tagdiv” twitter=”tagdivofficial” googleplus=”+tagDivthemes” custom_title=”STAY CONNECTED” block_template_id=”td_block_template_9″]

INSTAGRAM

GossipGawker.comhttp://www.gossipgawker.com
The Gossip Gawker is your one-stop source for celebrity news, the latest music and movie information and some of the best gossip anywhere.

Kendall Jenner Makes Us Want to Wear Men's Denim in $35 Levi's

Kendall Jenner is taking fashion inspiration from the guys and it's awesome. Last night, the Keeping Up With the Kardashians star stepped out for...

Padma Lakshmi opens up about childhood sex abuse

Padma Lakshmi was raped by a boyfriend when she was 16 and molested by a relative of her stepfather when she was 7,...

David Fizdale's attempt at reconciliation fails as Joakim Noah is absent from Knicks practice

Joakim Noah is on the Knicks training camp roster but was excused from attending while the particulars of his buyout continue to be...