peoplepill id: rich-paul
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Rich Paul
American sports Agent

Rich Paul

The basics

Quick Facts

Intro
American sports Agent
Work field
Gender
Male
Star sign
SagittariusSagittarius
Birth
16 December 1981, Cleveland, Cuyahoga County, Ohio, USA
Age
42 years
Education
Benedictine High School,
The details (from wikipedia)

Biography

Rich Paul (born December 16, 1981) is an American sports agent based in Cleveland, Ohio. He founded Klutch Sports Group which represents a number of prominent NBA players, such as LeBron James, in addition to NFL players in more recent years.

Early and personal life

Paul grew up in a one-bedroom apartment above his father's store, R & J Confectionery, on East 125th and Arlington in Glenville, a neighborhood on the east side of Cleveland. His father felt he needed more structure than public school could provide and enrolled him in Benedictine, a Roman Catholic high school across the town. His father died of cancer in 1999.

After graduating from high school, Paul was mentored by Distant Replays owner Andy Hyman on selling vintage jerseys. He would buy throwback jerseys from Atlanta and sell them out of his trunk in Cleveland. In 2002, he met LeBron James at the Akron–Canton Airport, where James was impressed by Paul's authentic Warren Moon throwback jersey. The two exchanged contact information, and soon Paul had sold James a Magic Johnson Lakers jersey and a Joe Namath Rams jersey.

As of 2021, he is in a relationship with the English singer-songwriter Adele.

Career

In 2003, after the NBA draft, Paul joined LeBron James as a part of his small inner circle, along with James' childhood friends Maverick Carter and Randy Mims. He would later start working under Leon Rose, who had negotiated James' extension with the Cavaliers in 2006, at Creative Artists Agency. In 2012, Paul, along with James, left Rose and CAA to start his own agency, Klutch Sports Group. In 2013, Paul enlisted noted long-time agent and attorney Mark Termini to run the NBA contract negotiations for Klutch. By the conclusion of their agreement in 2020, Termini negotiated $1.4 billion in NBA contracts for Klutch Sports clients from 2014 through 2019. By 2019, Klutch had a roster of 25 clients and brokered over $1 billion in contracts. Later that year, United Talent Agency (UTA) asked Paul to run its sports division through a partnership with Klutch where he expanded the division’s clients from 4 to 23. In 2020, he accepted a position on UTA's board of directors.

In August 2019, the National Collegiate Athletic Association (NCAA) changed its regulations for agents, requiring them to hold a bachelors degree. Called the "Rich Paul Rule" by the media, it was widely seen as a swipe at Paul for having not graduated from college and for working with a high school prospect Darius Bazley who decided to work as an intern for New Balance rather than attend Syracuse. Paul argued in an op-ed in The Athletic that the rule would prevent people from less prestigious backgrounds, people of color, and those without the funds to attend college from working as agents in the future so NCAA executives could have more control. The NCAA later backed down from the regulation change.

In 2020, Paul launched "Klutch Conversations" during the NBA All-Star Weekend with SocialWorks and General Mills to encourage financial literacy among young people.

Paul was included in the 2020 "Ebony Power 100 List".

In August 2021, Rich Paul was reportedly being sued by Nerlens Noel on the grounds of a breach of fiduciary duty, breach of contract, and negligence for his role in turning down a $70 million contract offer from the Dallas Mavericks in the offseason preceding the 2017–18 season.

The contents of this page are sourced from Wikipedia article on 20 Oct 2021. The contents are available under the CC BY-SA 4.0 license.
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