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Gervon Dexter signed and NIL Payday loan and regrets it. Try not to laugh.

GoodWord28

Woodrush
Gold Member
Dec 10, 2013
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He’s suing the NIL company, but is spending unnecessary funds on (UNDEFEATED!!!!!) billable hours when he signed away his rights to bring suit…he’s gotta go to arbitration, baby!

According to the lawsuit, Scott McBrien, an authorized agent of BLA, sent a message to Dexter in May 2022 that said, "What's up Gervon! I'm a partner at a data & analytics firm here in Washington, DC. We have a 6 figure financial/NIL opportunity for you. Would love to discuss more if you're interested. Let me know what you think."

The lawsuit alleges that BLA provided Dexter with an agreement on May 16, 2022. He signed the deal the next morning. Under the terms of the agreement, a copy of which was obtained by ESPN, BLA agreed to make Dexter a one-time payment of $436,485 and a $5,000 contribution to the charity of his choice.

There were two terms included in the agreement: an initial term that finished once Dexter's collegiate eligibility expired and an extended term that commenced when he left college.


Be a lot cheaper to just offer 7.5% of post tax earnings and call it a day.
 
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