Michael Vick, autographed collectibles peddler clash over money

Posted on July 8, 2008 17:13 by Andy Peters

One of the creditors listed in Michael Vick’s bankruptcy-reorganization filing is one of a small number of players in the world of selling memorabilia autographed by famous athletes.Michael Vick signed helmet

Radtke Sports Inc. operates a Web site that sells balls, hats, helmets, jerseys, photos and other items hand-signed by professional athletes. Radtke, which also operates a store in Marietta, has an exclusive agreement with Green Bay Packers quarterback Brett Favre to sell his hand-signed merchandise.

Radtke Sports also had an exclusive agreement with Vick . But Vick’s conviction on federal dog-fighting charges last year, and subsequent sentencing to a two-year-long stint in federal penitentiary, changed all that, said Radtke Sports’ counsel, Kimbrell & Burgar partner P. Darrell Kimbrell in Atlanta.

“You don’t ever anticipate anything happening like what happened with Vick,” Kimbrell said.

Vick listed Radtke Sports as one of his 20 largest unsecured creditors in a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, estimating that he owes the company about $550,000. But Kimbrell said that figure doesn’t include the full amount that his client requested in separate litigation he filed last year in Cherokee County (Ga.) Superior Court.Peyton Manning signed jersey

After his sentencing, Radtke Sports sued Vick when he “failed to provide autographs” pursuant to the terms of his agreement, Kimbrell said. Vick was obligated to provide a certain number of autographs per year; these signatures would have been produced in person  at collectors’ trade shows or in private signings, Kimbrell said.

Only a few athletes have exclusivity agreements with autographed merchandise resellers, Kimbrell said. Indianapolis Colts quarterback  Peyton Manning and New York Yankees shortstop Derek each has an exclusive deal with Steiner Sports Marketing & Memorabilia Inc. of New York. Former Yankees pitcher Roger Clemens and former Auburn Tigers football star Bo Jackson have deals with TRISTAR Productions Inc. of Houston. But many players, such as John Smoltz, have never agreed to sell their autographs exclusively through a reseller.

“There aren’t that many athletes who have exclusive agreements,” Kimbrell said. “There isn’t that big of a demand for it.”

Even with the exclusivity deals, athletes still sign autographs for fans at no charge when they are exiting the field or playing court at a stadium or arena, Kimbrell said.


More about:
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (1) | Comment RSSRSS comment feed

Comments

Comments are closed
ADVERTISEMENT
An Affiliate of the Law.com Network
Sign up to receive Legal Blog Watch by email
From the Law.com Newswire

[about RSS] Law.com Privacy Policy

Categories

Recent posts

Archive

About this blog

Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at apeters@alm.com.

Blogroll







Sign in