HoopsHype Dan Fegan rumors

November 20, 2014 Updates

Not often does one player leaving one agency for another result in a lawsuit but that's what happened after Milwaukee Bucks center Larry Sanders left agent Andy Miller and ASM Sports for agent Dan Fegan and Relativity Sports in the summer of 2013 during the height of free agency. Last month, a New York judge dismissed that lawsuit, which accused Relativity of client stealing and sought financial compensation, and ruled the "Defendants' motion to dismiss Plaintiff's complaint is granted for failure to state a cause of action." The ruling is vindication for Fegan, president of Relativity Sports' basketball division, and Happy Walters, the CEO of Relativity Sports, who was also a defendant in the complaint filed nearly a year ago. USA Today Sports

October 22, 2014 Updates
October 7, 2014 Updates

"Daryl told me this process is going to be frustrating and you're going to read a lot of stuff you're not going to like, but at the end of the day, you've worked hard for this and you've earned this," Parsons said. "He warned me it could get ugly at times once the media gets involved and that you're gonna see people say you're not worth this or you're not worth that. [Morey] just sat me down and said, 'Go out and sign the best contract you can. Just know in the back of your head that we're gonna match the contract.' "Dan was trying to negotiate something with them early, and, to be perfectly honest, I would have accepted a lot less money early in the process to stay in Houston. But they told me they wanted to wait for the whole LeBron and Melo situation [to play out], which I understood. I just listened to them. I signed the best deal I could for my own career. ESPN.com

In one of his first interviews after Houston elected not to match the Mavericks' offer sheet to Parsons, Morey told SportsTalk 790 AM in Houston: "That structure of that [contract] is literally one of the most untradeable structures that I've ever seen." The wrinkle that made it so: Parsons signed a tricky three-year deal with the Mavs, with an option to return to free agency after Year 2, as opposed to the four-year offer sheet Dallas, or any other external suitor, could have lavished on him. Quite a difference that one year made. Parsons and his agent, Dan Fegan, were convinced they'd receive a meaty offer sheet as early as July 1 or, by the latest, July 5. But the four-year pitches being presented in those early days of free agency were all coming in well shy of max territory, thanks to Houston's effective campaign to convince the outside world the Rockets were going to match whatever came their way. ESPN.com

About a week into the process, Fegan decided it was time to try to propose something different. And that led him to the three-year construction, featuring the Year 2 player option and a maximum 15 percent trade kicker. He then took to it Cuban, convinced that the new formula would put the most pressure on Houston to let Parsons go if the Rockets hoped to maintain the utmost flexibility. For the following reasons: Players in the first year of a matched offer sheet can't be traded without their consent. With the ability to become a free agent after the second year, Parsons would likely have diminished trade value to small-market teams fearful he'd simply leave at the first opportunity ... while also potentially dissuading big-market teams that prize flexibility from trading for him and then seeing Parsons decide to opt in for the third year. The trade kicker in this contract could also prove to be even more expensive than usual, were Parsons to be dealt, if the salary cap rises as dramatically as some are projecting thanks to the TV money expected to pour into the league in the near future, as ESPN.com's Larry Coon explains in greater detail here. And in the Rockets' case specifically, Parsons' possession of an option to become a free agent in July 2016 meant he and Howard would likely be returning to the open market at the same time, which figured to be uncomfortable for Houston. ESPN.com

"It created the most amount of problems for them," Cuban said. "The trade kicker not only made [the contract] more expensive, but the opt out [after Year 2] could create a Kevin Love-type situation for any teams interested in trading for him, where you don't know if he's gonna opt in or opt out." The impact this three-year pact and its various complications had on Parsons' fate has some league observers wondering now if shorter contract offers from big-market teams to future restricted free agents, such as the San Antonio Spurs' Kawhi Leonard and Minnesota Timberwolves' Ricky Rubio if they make it to the open market next July, will become more commonplace. "The contract structure was extremely creative," Cavs general manager David Griffin said. "I think it will be a significant moment in the way restricted free agency discussions are handled in the future." Said Grizzlies general manager Chris Wallace: "The concept of a short-term offer sheet is intriguing and could be the wave of the future. With the reduction in the decision time to match reduced to three days, the team who writes an offer sheet is only out of action for a short period of time. [So] there is no downside. If the sheet is not matched, you have your player, and if it is matched, then the player will be back on the market soon, which increases the pool of players in free agency two or three years down the road." ESPN.com

September 18, 2014 Updates

It should be noted that though I have no idea what other items would be on that list, there were two “interesting” things that happened around that time — the Rockets hired Howard’s former trainer with the Orlando Magic and they later added Dwight’s brother to the Rio Grande Valley Vipers, though it was largely believed that he wasn’t a good enough prospect to make that jump. See JR Smith-Chris Smith for how nepotism package deals can work. Clutchfans

September 14, 2014 Updates

So Minnesota president and coach Flip Saunders has to make a decision on his willingness to extend Rubio's rookie contract with a deal that corresponds with a belief the T'wolves see him as franchise cornerstone. Saunders has had discussions with Rubio's agent Dan Fegan and they'll talk more between now and the Oct. 31 deadline. Without an extension, Rubio can be a restricted free agent next summer. Yahoo! Sports

September 3, 2014 Updates

The league's new labor agreement in 2011, thanks to one of the union's many concessions, moved up the deadline for signing qualifying offers to Oct. 1. Otherwise this saga potentially could have dragged out even longer. Or have you forgotten Anderson Varejao's foray into restricted free agency in the summer of 2007? In that instance, Varejao's agent Dan Fegan rejected what he felt was an unworthy offer from the Cleveland Cavaliers and waited until December until he landed the offer sheet he felt Varejao deserved. Charlotte eventually came through with a two-year, $11 million pact that the Cavs ultimately matched ... after playing without Varejao for the first two months of the season. ESPN.com

August 24, 2014 Updates

Next year's starting five will likely be Rubio-Martin-Wiggins-Young-Pekovic. Can we say this is Rubio's moment? Darren Wolfson: Rubio is on notice. The Wolves are trying to sign him to an extension, and so far his agent, Dan Fegan, is balking at the idea of a 4-year, $43 million deal. That's plenty for a player of Rubio's caliber. It's a lot more than Atlanta point guard Jeff Teague makes -- maybe a better player -- and is what Golden State All-Star guard Stephen Curry makes. But Fegan is seeking the 5-year max. That's not happening. The situation is pointing toward Rubio being a restricted free agent next summer. In other words, the 2014-2015 season is huge for Rubio. He should improve his shooting under Flip and we know he has unbelievable athletes to cut to the hoop and catch alley-oop passes. Sportando

March 28, 2014 Updates

The Wolves could chase a splashier trade for someone else’s productive/expensive player, but doing that may require the inclusion of Pekovic or Rubio. Pekovic has value, but he’s also 28 and slated to earn nearly $12 million in 2017-18. Rubio is among the most divisive players in the league now, in part because of the sense that his agent, Dan Fegan, is going to demand an eight-figure extension that Rubio does not yet deserve. Grantland

October 22, 2013 Updates
August 8, 2013 Updates

When a deal for Sanders gets done, it'll be the second early extension of the summer for a 2010 draftee scored by a client of agent Dan Fegan, who last week completed a five-year, $80 million extension for Washington Wizards point guard John Wall. Sources say Fegan is also in active discussions with the Sacramento Kings toward an extension for big man DeMarcus Cousins. ESPN.com

July 15, 2013 Updates
July 10, 2013 Updates
July 5, 2013 Updates

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