Cash payments to Amare

[sunsfn]

Cash payments to Stoudemire

Reported by plaintiffs John Wolf and Big League Sports Service Inc.

June 10, 2004

U.S. District Court: Exhibit A
Cash advances from plaintiffs to defendant Amare Stoudemire
DateAmount
10/1/2001$1000
10/4/2001$7500
10/11/2001$5000
10/18/2001$9900
10/24/2001$5000
10/29/2001$3000
10/29/2001$5000
11/30/2001$9500
12/7/2001$8000
12/12/2001$2867.39
12/20/2001$4000
1/3/2002$4000
1/9/2002$6000
1/10/2002$823
1/30/2002$4000
2/1/2002$5000
2/5/2002$9000
2/6/2002$9000
2/12/2002$7000
2/22/2002 - Stoudemire signed contract with Wolf
3/8/2002$7000
3/13/2002$5000
3/27/2002$1700
4/24/2002$2618.85
5/20/2002$2618.85
6/18/2002$2749.79
6/26/2002 - Draft
7/30/2002$300
8/20/2002$9998
10/26/2002$25,000
10/30/2002 - Opener vs. Seattle
11/1/2002$21,000
11/4/2002$1500
12/8/2002$1161.80
12/9/2002$1161.80
12/10/2002$1161.80
12/10/2002$380
12/10/2002$2114
12/10/2002$2497
12/13/2002$974
1/3/2002$11,543
2/2/2003 - Wolf resigned as Stoudemire's agent
TOTAL$206,069.28
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In three months Amare spent $206,069.28.........YIKES! He sure needed a lot of money for that time. If he spends money that fast, his money will not last long!

Now I realize he can spend what he wants, but man thats a lot in 3 months.

If I rememeber he did not buy any property during that time.

What do you suppose the $300.00 on 7/30/02 was for?

 

[thegrahamcrackr]

Well, he may not have spent it all. It just says he recieved the money and did not repay it.

Also, travel expenses are included in those amounts. I am sure he was flown first class all over the country before the season started, on the expense of his agent. Not to mention fancy dinners, nights out, and suits/clothing.

 

[sunsfn]

Well, he may not have spent it all. It just says he recieved the money and did not repay it.

Also, travel expenses are included in those amounts. I am sure he was flown first class all over the country before the season started, on the expense of his agent. Not to mention fancy dinners, nights out, and suits/clothing.

When players are flying all over the country to tryout for teams, I thought the team paid for them to come in and workout?

 

[Southpaw]

I noticed that every single payment was under the magical amount of

$ 10,000.00

which , by exceeding $9,999.99 would require the financial institutions to report each transaction to the I R S .

Maybe that is why there are a bunch of consecutive day payments , all under the $ 10,000.00 trigger amount.

 

[sunsfn]

There are 3 payments over $10,000, October 26, Nov. 1, & Jan. 3rd.