WebFeb 4, 2024 · The so-called “Spencer Haywood Rule” is a great starting point for a book. Haywood came out of the University of Detroit early to sign a contract with the the Denver Rockets (later the Nuggets) of the American Basketball Association. After a spectacular rookie season in 1969-70, that included winning the MVP and Rookie of the Year trophies ... WebSep 26, 2024 · The contract the Ringsby ownership group gave Haywood after the 1969-70 season was billed as a six-year deal worth $1.9 million. It was massive money for the time. Haywood had signed it immediately.
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WebAfter Haywood s success as a rookie, the Rockets reworked his contract, which they announced was for $1.9 million over six years. Upon closer inspec- tion, Haywood discovered that only about $510,000 of the contract was guaranteed and that the language surrounding the remainder was vague and unclear as to how the contract could be fulfilled. WebHaywood backed out of the deal and in December 1970, he agreed to a six-year, $1.5 million contract with the NBA’s Seattle SuperSonics, ignoring the league’s eligibility rule that required...
WebFeb 25, 2007 · Eight teams bid, but Sonics owner Sam Schulman signed him to a six-year, $1.5 million contract. ... Spencer Haywood, a 6-9 forward, played 12 seasons in the NBA, including five with the Sonics. ABA: WebFeb 5, 2016 · “Spencer was offered a deal with a new company called Nike to promote their basketball shoes,” Local 4 reporter Steve Garagiola wrote. “They offered $100,000 or 10 per cent of the company. His agent told him to take the money (so he could get his commission). Today, Spencer tries not to think about Nike’s current value of $86.2 billion.” …
WebApr 12, 2024 · “I would get paid $400,000 for playing six years, or whatever the years were,” says Haywood of his ABA contract. “And the rest of the money was deferred, and I wouldn’t be able to receive it... WebDec 20, 1970 - Spencer Haywood signed a multi-year contract with the Seattle SuperSonics. Mar 29, 1971 - The Buffalo Braves selected Spencer Haywood in Round 2 with Pick 13 in …
WebNov 21, 2006 · Updated Nov 21, 2006. Spencer Haywood poses in 1974. A tall, middle-aged man walked through the KeyArena seating area during a recent Sonics-Lakers game and heads turned. He looked familiar, but ...
WebFeb 28, 2024 · This rule invalidated the contract between Haywood and the Sonics, who were hit with a lawsuit by the Denver Rockets for having signed their player under these … center for family health pediatricsWebFeb 5, 2024 · Former NBA great Spencer Haywood can relate to the risk NFL coach Brian Flores is taking By Gary Washburn Globe Staff,Updated February 5, 2024, 5:43 p.m. Many of the NBA’s greatest players have... center for family health saviers rd oxnard caWebJul 11, 2005 · In 1970 the 6'9" Haywood took on the NBA's rule against signing a player whose college class hadn't graduated, suing for the right to join the Seattle SuperSonics. In March 1971 the Supreme Court ruled in his favor, breaking down the door for the likes of Magic, Jordan, Kobe Bryant and LeBron James. It's a strange role, agent of change. buying a computer for dummiesWebAug 27, 2024 · For a time it seemed more like Spencer Haywood against the world. ... After Haywood won the 1969-70 ABA MVP Award as a rookie, the Denver Rockets gave him a new contract worth $1.9 million. Or so they said. “I signed it without legal counsel,” Haywood says. “I got a raise from $50,000 to $75,000, and they would put $10,000 a year into the ... buying a computer 2021WebApr 12, 2024 · “I would get paid $400,000 for playing six years, or whatever the years were,” says Haywood of his ABA contract. “And the rest of the money was deferred, and I wouldn’t be able to receive it... buying a compound bowWebApr 12, 2024 · Spencer Haywood poses for a photo in front of his basketball memorabilia at his Las Vegas home. ... “I would get paid $400,000 for playing six years, or whatever the years were,” says Haywood of his ABA contract. “And the rest of the money was deferred, and I wouldn’t be able to receive it until I was age 50. ... center for family health sycamore illinoisWebAll-American at Detroit as sophomore, led U.S. to gold medal in 1968 Olympics right out of Trinidad Junior College . . . Signed six-year contract with Rockets for reported $1.9 million … buying a computer desk