[EXCLUSIVE] Former NFL’er Vince Young – Scores 1 Million Legal Victory in Legal Battle w/ Ex-Agent
The legal battle has been going on for over a year, until on May 20th docs were filed stating that Young and his former agent Major Adams reached a settlement agreement.
Per the agreement, Adams is to pay Young a total of 1 MILLION dollars over the course of 3 years.
Young will receive a 25k in August 2014, another 25k in December, quarterly payments of 25k throughout 2015 & 2016 and a balloon payment of 750k to be paid by June 1st 2017.
The deal states that if Adams is to default on ANY of his payments, the amount he will owe Young will increase to 1.5 million dollars. The case is still pending with Young battling his ex-financial adviser still in Texas Court. See the EXCLUSIVE Court Documents.
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