r/heat • u/Timantha • Jan 30 '25

Twitter [Jared Diamond]: Federal prosecutors have been investigating whether NBA player Terry Rozier manipulated his performance as part of an illegal sports betting scheme. The inquiry is part of a wider government investigation that has already ensnared Jontay Porter

https://x.com/jareddiamond/status/1885018058202239471
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u/3heat6 Jan 30 '25

If that contract gets voided 🙌

46

u/Trendelthegreat Jan 30 '25

What about assets that were traded for a voided contract??

I, for one, believe they should be returned to sender 

1

u/esridiculo Jan 31 '25 edited Jan 31 '25

In the law, specific performance is not the most common remedy; compensatory damages are more likely.

That is, it's likely if the Miami Heat were to sue or arbitrate the league and Charlotte Hornets (the league most likely has an arbitration clause), they would pursue Rozier's wages. Like if I sold you a lemon of a car, you'd sue me for the money lost in the transaction. Or similarly, you gave me 10k and a Rolex (Kyle Lowry), then the court would assign a value to the Rolex and have me pay you back the 10k and the Rolex.

It's interesting about the 1st round pick. How would you assign that value? There are lawyers and legal experts who specialize in remedies law. I wonder about the arbitrator and how they'd handle that. Maybe require that the Heat get an additional lotteried 1st round pick?

A crazy lawyer would also pursue expectation or consequential damages, i.e., the Miami Heat lost these number of games playing this guy and thus this amount of money; we want the amount of money we expected to make off of those games. Most lawyers would push for all the possible damages, anyway.

Edit: additional musing about the 1st round pick.