Ankf00
04-13-07, 11:34 PM
Michael Michaels, one of the financiers of failed marketing agency New Era Sports & Entertainment, reached a settlement with Reggie Bush's family Thursday over unpaid rent and other benefits allegedly provided in an attempt to woo the former University of Southern California running back as a client.
The settlement, first reported on the San Diego Union Tribune Web site, was for between $200,000 and $300,000, sources told Yahoo! Sports.
Michaels and Lake have been key figures in the NCAA's investigation into Bush, whose family lived rent-free for almost a year in a $757,237, 3,002 square-foot Spring Valley, Calif., house Michaels said he purchased for the family in April of 2005.
According to two sources, Michaels' settlement includes a confidentiality clause which will keep Michaels from talking with the NCAA.
Watkins, who still represents Lake. said Michaels' settlement did not impact Lake's plans to go forward with his lawsuit against the Bush family. Watkins expects the suit to be filed in the next few weeks.
Watkins said he could call Michaels as a witness. "Michael has said he'd be willing to be a witness," Watkins said. Any confidentiality agreement would not prevent his cooperation, Watkins said. "No confidentiality agreement trumps a subpoena."
An NCAA spokesman said the organization has made two requests to interview Bush via his attorney and followed up with a written request. That would conflict with what Bush, who visited USC football practice this week, told the Los Angeles Times. "They (the NCAA) haven't tried to contact me,” Bush said. "If they did I wouldn't answer the phone."
http://sports.yahoo.com/ncaaf/news;_ylt=AkF1ZksBPTjkCXjzzL4.BY45nYcB?slug=ys-bush041307&prov=yhoo&type=lgns
:rolleyes:
The settlement, first reported on the San Diego Union Tribune Web site, was for between $200,000 and $300,000, sources told Yahoo! Sports.
Michaels and Lake have been key figures in the NCAA's investigation into Bush, whose family lived rent-free for almost a year in a $757,237, 3,002 square-foot Spring Valley, Calif., house Michaels said he purchased for the family in April of 2005.
According to two sources, Michaels' settlement includes a confidentiality clause which will keep Michaels from talking with the NCAA.
Watkins, who still represents Lake. said Michaels' settlement did not impact Lake's plans to go forward with his lawsuit against the Bush family. Watkins expects the suit to be filed in the next few weeks.
Watkins said he could call Michaels as a witness. "Michael has said he'd be willing to be a witness," Watkins said. Any confidentiality agreement would not prevent his cooperation, Watkins said. "No confidentiality agreement trumps a subpoena."
An NCAA spokesman said the organization has made two requests to interview Bush via his attorney and followed up with a written request. That would conflict with what Bush, who visited USC football practice this week, told the Los Angeles Times. "They (the NCAA) haven't tried to contact me,” Bush said. "If they did I wouldn't answer the phone."
http://sports.yahoo.com/ncaaf/news;_ylt=AkF1ZksBPTjkCXjzzL4.BY45nYcB?slug=ys-bush041307&prov=yhoo&type=lgns
:rolleyes: