Liz Mullen: Breaking: Happy Walters has left Relativity Sports. The sports agency will conduct a search for a new CEO. More in today’s Closing Bell.
Liz Mullen: Happy Walters announced today he is leaving Relativity Sports to form a new sports and media company. More in Closing Bell
Third-year swingman Shabazz Muhammad walked out after practice today with agent Rob Pelinka, who also reps Jones. Muhammad apparently switched agents over the summer, from Bill Duffy (who has Wiggins and LaVine among many, many others) to Pelinka.
Barnes is right to bet on someone offering him a max deal — averaging as much as $23 million per season — if he gets to free agency. There is too much cap money for a blah free-agent class. That exploding money factored into Barnes’s decision to fire his old agent, Jeff Wechsler, and hire the powerhouse Jeff Schwartz. Barnes is pushing back against the standard 4 percent agent commission, league sources told Grantland last week, arguing that those old rules shouldn’t apply to new money.1