By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BigPaulSportsBigPaulSports
Notification Show More
Latest News
No. 11 Wisconsin stays red-hot with elusive win over Illinois, 95-74
No. 11 Wisconsin stays red-hot with elusive win over Illinois, 95-74
Game Analysis
LIV Golf explained | LIV on FOX
LIV Golf explained | LIV on FOX
Game Analysis
Shedeur Sanders might have revealed his preferred NFL team, all thanks to Madden
Shedeur Sanders might have revealed his preferred NFL team, all thanks to Madden
Game Analysis NFL
No. 14 Michigan St beats No. 13 Purdue 75-66, moves within half-game of 1st in Big Ten
No. 14 Michigan St beats No. 13 Purdue 75-66, moves within half-game of 1st in Big Ten
Game Analysis
Champions League: 10-man AC Milan eliminated, Club Brugge completes shocker
Champions League: 10-man AC Milan eliminated, Club Brugge completes shocker
Game Analysis
Aa
  • Big Paul Sports
  • Services
  • Game Analysis
  • Free Picks
  • Premium Content
  • Registration
  • Member Login
Reading: Harrison was to earn $1.05M with Fanatics deal
Share
Aa
BigPaulSportsBigPaulSports
  • Big Paul Sports
  • Services
  • Game Analysis
  • Free Picks
  • Premium Content
  • Registration
  • Member Login
Search
  • Big Paul Sports
  • Services
  • Game Analysis
  • Free Picks
  • Premium Content
  • Registration
  • Member Login
Have an existing account? Sign In
Follow US
BigPaulSports > Blog > NFL > Harrison was to earn $1.05M with Fanatics deal
NFLSports News

Harrison was to earn $1.05M with Fanatics deal

BigP
Last updated: 2024/07/10 at 7:19 PM
BigP Published July 10, 2024
Share
Harrison was to earn $1.05M with Fanatics deal
SHARE
  • Josh Weinfuss, ESPN Staff WriterJul 10, 2024, 01:46 PM ET

    Close

      Josh Weinfuss is a staff writer who covers the Arizona Cardinals and the NFL at ESPN. Josh has covered the Cardinals since 2012, joining ESPN in 2013. He is a member of the Pro Football Writers of America and a graduate of Indiana University. You can follow him via Twitter @joshweinfuss.

TEMPE, Ariz. — Cardinals rookie wide receiver Marvin Harrison Jr. was set to earn $1.05 million between April 1, 2024 and March 31, 2026 from Fanatics in exchange for game jerseys and more than 35,000 autographs, according to the term sheet between the two parties that is at the center of the lawsuit that Fanatics filed in May.

Details of the term sheet were made public for the first time through the New York State Supreme Court, where the lawsuit was filed. The financials of the term sheet were redacted in the initial filing of the lawsuit.

Fanatics filed a lawsuit against Harrison on May 18 for breach of contract. In the suit, Fanatics said Harrison has refused to fulfill his obligations to the deal while he also “publicly asserted” that the contract does not exist.

Editor’s Picks

According to the document, which was named and described as “binding term sheet” throughout, “each party acknowledges and agrees that (i) it shall be legally bound by the terms and conditions of this Term Sheet.” However, the term sheet also said that “promptly” after signing the term sheet, the two sides would “work together in good faith to negotiate an agreement to combine, amend and restate” the deal.

In late June, Fanatics’ attorneys asked the court to seal the binding term sheet and “certain redacted portions” of the lawsuit that “references its provisions.” Fanatics attorneys explained in their request that the term sheet contains “sensitive, non-public commercial information related to Plaintiff and Defendants, including the specific terms of their confidential contractual arrangement, the publicization of which could negatively impact their businesses.”

On July 9, Harrison’s attorney filed a motion that said Harrison did not object to the term sheet being sealed but added that he does “not consent to their being a binding contract.”

The term sheet, which was signed by Harrison on May 16, 2023, and by Fanatics general counsel Shiri Ben-Yishai two days later, was broken into two phases. The first — Phase 1 — stretched from the day of the signing to March 31, 2024, before Harrison was drafted by the Cardinals. Phase 2 is from April 1, 2024 to March 31, 2026.

The term sheet, which stated that it will “include exclusive, worldwide trading card (physical and digital) and trading card autograph right,” called for Harrison to wear and give to Fanatics 30 jerseys, which the term sheet said would be provided by Fanatics, in the 2024, 2025 and 2026 seasons. It also called for Harrison to produce a minimum of 35,000 autographs with a Fanatics option for 15,000 more.

During Phase 1, Harrison was required to follow 10 fans on social media, post one short-form promotional video and make one public appearance. However, during Phase 2, Harrison would be required to make five social media posts, follow 10 fans, post one short-form promotional video on social media, have one “media capture day” for still photos and video, make two public appearances, make one 60-minute fan experience, make one Fanatics Live virtual appearance and five trading card swaps. Harrison would also be required to attend private signings and participate in fan meet and greets at each private signing.

Harrison was guaranteed $1.05 million during Phase 2, which was broken into an $800,000 cash lump sum and $250,000 in equity, meaning Fanatics shares.

Harrison’s autograph fees during Phase 2 of the term sheet were to be $30 per autograph and $10 per inscription. If he had been the first- or second-overall pick, his per-autograph fee would’ve increased.

The term sheet gives Harrison permission to sign up to 100 autographs for fans, teammates and charitable organizations as long as he doesn’t get paid for them. Had Harrison been the first-overall pick in April’s NFL draft, he would’ve received a $100,000 bonus from Fanatics, according to the term sheet.

He can still potentially receive three more bonuses: $100,000 for being named the Offensive Rookie of the Year, $100,000 for being named NFL MVP, $100,000 for winning the Super Bowl as a starter or $200,000 for being the Super Bowl MVP.

According to the term sheet, should Harrison be traded from the Cardinals, his guarantee could be reduced. The term sheet could also be terminated if Harrison is charged with a felony or a crime “involving moral turpitude, or commits any illegal, egregious or other offensive act that Fanatics believes, in its reasonable sole discretion, subjects Fanatics to material public disrepute, scandal or ridicule.”

Sponsored Content

You Might Also Like

Shedeur Sanders might have revealed his preferred NFL team, all thanks to Madden

2025 NFL franchise tag tracker: Tee Higgins leads list of candidates (again)

Will the 49ers regret paying Brock Purdy? | First Things First

Panthers re-sign QB Andy Dalton on 2-year deal to keep mentoring Bryce Young

BigP July 10, 2024
Share this Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow
newsletter featurednewsletter featured

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

    Popular News
    Kelce's plea to holdout Jones: 'We need you bad'
    NFLSports News

    Kelce’s plea to holdout Jones: ‘We need you bad’

    BigP BigP September 2, 2023
    Day: Buckeyes RB Henderson ‘full go’ vs. Badgers
    Spartans lineman to miss half over personal foul
    Irish AD: Independence ‘more valuable than ever’
    Jags CB Claybrooks won’t face charges in Tenn.
    - Advertisement -
    Ad imageAd image

    Categories

    • Sports

    About US

    We offer information and tips on US Sports and evernts all over the world.
    Top Categories
    • Game Analysis
    • Free Picks
    • Services
    • Premium Content

    Subscribe US

    Subscribe to our newsletter to get our newest articles instantly!

      © Foxiz News Network. Ruby Design Company. All Rights Reserved.

      Removed from reading list

      Undo
      Welcome Back!

      Sign in to your account

      Lost your password?