September 8th 2023.
Former NBA player and current Utah Jazz assistant coach Jason Terry is facing a lawsuit for allegedly not paying for a rented Rolex he wanted to buy. The lawsuit was filed on Monday, Sept. 4, 2023 at Manhattan Supreme Court.
The plaintiff is Eric Mavachev, also known as “Eric Da Jeweler”, who claims Terry rented a custom 23.5-carat stainless steel Rolex timepiece for an event in Las Vegas at Drai’s nightclub during NBA Summer League. After Terry wanted to keep the flashy watch, Mavachev told him it would cost $25,000. Terry agreed to the price, yet hasn't completed the purchase or returned the watch.
On July 10, Terry texted Mavachev for his bank account information, saying he'd wire the money on July 13. However, Mavachev's lawyer Mark Shirian claims that "The Jet" then "ghosted" him and failed to make the payment. The suit also states that Terry "has not paid plaintiff the total amount of $25,000.00, which is the agreed upon value of the Rolex Watch, and has not returned the Rolex Watch to Plaintiff."
Shirian also claims that he and his client gave Terry 30 days to remit payment, yet there was no response from his side. This prompted the breach of contract lawsuit. “Despite earning over one hundred million dollars in the NBA, Mr. Terry has failed to fulfill his financial obligations and has not made the necessary payments for the valuable timepiece,” Shirian said. “We are prepared to use all available legal avenues to recover the outstanding payment for the watch.”
When The New York Post asked for his comment, Terry didn't immediately respond. This is not the only expensive purchase made by an NBA player recently, as Dallas Mavericks' Reggie Bullock recently purchased a private island for $2 million.
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