An agent's mistake cost NBA player Anthony Carter $3 million. He paid him back. | ABS-CBN
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An agent's mistake cost NBA player Anthony Carter $3 million. He paid him back.
An agent's mistake cost NBA player Anthony Carter $3 million. He paid him back.
Sopan Deb,
The New York Times
Published Dec 15, 2020 08:57 AM PHT
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Anthony Carter is one of the most consequential figures in Miami Heat history. And it was all because of a mistake.
Anthony Carter is one of the most consequential figures in Miami Heat history. And it was all because of a mistake.
Sure, any New York Knicks fan will tell you that Carter came out of nowhere to beat their team at the buzzer in Game 3 of the 2000 Eastern Conference semifinals. But Carter was never a star. Far from it: He spent the first four seasons of his 13-year NBA career as a reserve for the Heat, averaging between 4.1 and 6.3 points a game.
Sure, any New York Knicks fan will tell you that Carter came out of nowhere to beat their team at the buzzer in Game 3 of the 2000 Eastern Conference semifinals. But Carter was never a star. Far from it: He spent the first four seasons of his 13-year NBA career as a reserve for the Heat, averaging between 4.1 and 6.3 points a game.
And as great as the Knicks shot was, it was something that happened years afterward that forever enshrined Carter in Heat lore.
And as great as the Knicks shot was, it was something that happened years afterward that forever enshrined Carter in Heat lore.
After the 2002-03 season, Carter, then 27, was planning to exercise a $4.1 million player option to remain in Miami. Picking up the option was a no-brainer. Carter was coming off a disappointing season in which he averaged 4.1 points on .356 shooting in 49 games. For a player with that stat line, $4.1 million was a fortune.
After the 2002-03 season, Carter, then 27, was planning to exercise a $4.1 million player option to remain in Miami. Picking up the option was a no-brainer. Carter was coming off a disappointing season in which he averaged 4.1 points on .356 shooting in 49 games. For a player with that stat line, $4.1 million was a fortune.
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Except Carter’s agent, Bill Duffy, failed to notify the Heat by the June 30 deadline that Carter was coming back. Instead of locking in another season in Miami, Carter accidentally became a free agent.
Except Carter’s agent, Bill Duffy, failed to notify the Heat by the June 30 deadline that Carter was coming back. Instead of locking in another season in Miami, Carter accidentally became a free agent.
The mistake cost him at least $3 million. Carter had to settle for a minimum contract with the San Antonio Spurs — roughly $750,000 — the next season, rather than the $4.1 million he would have locked in by exercising his option.
The mistake cost him at least $3 million. Carter had to settle for a minimum contract with the San Antonio Spurs — roughly $750,000 — the next season, rather than the $4.1 million he would have locked in by exercising his option.
As criticism rained down on Duffy, the agent offered to make it right. He would pay Carter $3 million out of his own pocket — through an agreed-upon payment schedule — to make up for the mistake, essentially the difference between his Spurs contract and the Heat salary he had forfeited. It was an unusual and virtually unprecedented move.
As criticism rained down on Duffy, the agent offered to make it right. He would pay Carter $3 million out of his own pocket — through an agreed-upon payment schedule — to make up for the mistake, essentially the difference between his Spurs contract and the Heat salary he had forfeited. It was an unusual and virtually unprecedented move.
This year marked the last of those payments, with Carter confirming in an interview this week that Duffy made good on his promise.
This year marked the last of those payments, with Carter confirming in an interview this week that Duffy made good on his promise.
That was hardly a surprise for Carter, who said he never considered firing Duffy after the incident.
That was hardly a surprise for Carter, who said he never considered firing Duffy after the incident.
“I wasn’t even mad, to tell you the truth,” said Carter, who is now back with the Heat as an assistant coach. “I didn’t think anything of it until lawyers and stuff called. I didn’t jump to any conclusions. I didn’t say, ‘What happened?’ Because I knew what type of person he was. Things happen.”
“I wasn’t even mad, to tell you the truth,” said Carter, who is now back with the Heat as an assistant coach. “I didn’t think anything of it until lawyers and stuff called. I didn’t jump to any conclusions. I didn’t say, ‘What happened?’ Because I knew what type of person he was. Things happen.”
It was a blunder that had cascading effects.
It was a blunder that had cascading effects.
The most noteworthy ripple was that it gave Pat Riley, the Heat’s president, an unexpected amount of cap space that summer, which he used to sign Lamar Odom as a free agent. One year later, in 2004, Odom was the centerpiece of a trade with the Los Angeles Lakers for Shaquille O’Neal.
The most noteworthy ripple was that it gave Pat Riley, the Heat’s president, an unexpected amount of cap space that summer, which he used to sign Lamar Odom as a free agent. One year later, in 2004, Odom was the centerpiece of a trade with the Los Angeles Lakers for Shaquille O’Neal.
Two years after acquiring O’Neal, Miami won its first NBA championship. It was Duffy’s clerical error that, at least in part, allowed the championship to happen. That turned Carter’s contract situation with the Heat into one of the all-time “What Ifs?” in league history.
Two years after acquiring O’Neal, Miami won its first NBA championship. It was Duffy’s clerical error that, at least in part, allowed the championship to happen. That turned Carter’s contract situation with the Heat into one of the all-time “What Ifs?” in league history.
“I should’ve got one of them rings, too,” Carter, 45, joked.
“I should’ve got one of them rings, too,” Carter, 45, joked.
Riley declined to comment for this article.
Riley declined to comment for this article.
While Carter’s loyalty to Duffy may seem baffling to some, it was a result of Duffy’s previous faith in Carter.
While Carter’s loyalty to Duffy may seem baffling to some, it was a result of Duffy’s previous faith in Carter.
Carter’s making it to the NBA at all was a long shot. He dropped out of Alonzo A. Crim High School in Atlanta after his freshman year. He spent the next three years traveling around the city and playing basketball games for money to make a living.
Carter’s making it to the NBA at all was a long shot. He dropped out of Alonzo A. Crim High School in Atlanta after his freshman year. He spent the next three years traveling around the city and playing basketball games for money to make a living.
At one of those games in 1994, an opponent offered to send a tape highlighting Carter’s game to the coach at Saddleback College, a junior college in California. With some help of friends and family, Carter got his high school equivalency diploma and headed west. Two years later, he transferred to the University of Hawaii, a Division I program.
At one of those games in 1994, an opponent offered to send a tape highlighting Carter’s game to the coach at Saddleback College, a junior college in California. With some help of friends and family, Carter got his high school equivalency diploma and headed west. Two years later, he transferred to the University of Hawaii, a Division I program.
In 1998, months after he injured his left shoulder before his senior year at Hawaii, Carter damaged it more seriously on the first day of a camp before the NBA draft. The injury required surgery and other agents stopped pursuing him, assuming that his NBA hopes were dead. All of them, that is, except for Duffy, who stuck with Carter and arranged for him to sign with the Heat after he went undrafted. He spent four years with the team.
In 1998, months after he injured his left shoulder before his senior year at Hawaii, Carter damaged it more seriously on the first day of a camp before the NBA draft. The injury required surgery and other agents stopped pursuing him, assuming that his NBA hopes were dead. All of them, that is, except for Duffy, who stuck with Carter and arranged for him to sign with the Heat after he went undrafted. He spent four years with the team.
Duffy’s mistake could have been as damaging to his future as it was to Carter’s. But in promising to pay back Carter, his loyalty instead became a selling point for his services.
Duffy’s mistake could have been as damaging to his future as it was to Carter’s. But in promising to pay back Carter, his loyalty instead became a selling point for his services.
“When this happened, I was hearing from a lot of people because I took responsibility,” Duffy said. “I took ownership of it and took care of it and he was taken care of.
“When this happened, I was hearing from a lot of people because I took responsibility,” Duffy said. “I took ownership of it and took care of it and he was taken care of.
“I’ve had Wall Street people call me and say: ‘Man, that happens all the time. Everybody tries to hide from it. They try to pass the buck. You stood up for it. You took care of it.’ I actually gained a lot of respect from people.”
“I’ve had Wall Street people call me and say: ‘Man, that happens all the time. Everybody tries to hide from it. They try to pass the buck. You stood up for it. You took care of it.’ I actually gained a lot of respect from people.”
At the time, it took days for the news of the filing error to reach Carter. Duffy, who declined to go into the specifics of how the oversight occurred, first learned about it from the team. Llew Haden, Carter’s close friend and financial adviser, said he heard about it July 4, when a reporter called looking for a comment.
At the time, it took days for the news of the filing error to reach Carter. Duffy, who declined to go into the specifics of how the oversight occurred, first learned about it from the team. Llew Haden, Carter’s close friend and financial adviser, said he heard about it July 4, when a reporter called looking for a comment.
“I know my emotion wasn’t anger,” Haden said. “First, I was just astounded. ‘How in the hell could something like this happen?’ And then it was, ‘What are we going to do next?’”
“I know my emotion wasn’t anger,” Haden said. “First, I was just astounded. ‘How in the hell could something like this happen?’ And then it was, ‘What are we going to do next?’”
NBA agents are known to be hypercompetitive. Yet both Carter and Haden said they did not receive any calls from Duffy’s competitors. Instead, Haden theorized, they may have been celebrating a rival’s apparent professional downfall.
NBA agents are known to be hypercompetitive. Yet both Carter and Haden said they did not receive any calls from Duffy’s competitors. Instead, Haden theorized, they may have been celebrating a rival’s apparent professional downfall.
“I think most of them were just dancing up and down in the halls,” Haden said. “They were going to be able to get clients who would be tempted to go with them.”
“I think most of them were just dancing up and down in the halls,” Haden said. “They were going to be able to get clients who would be tempted to go with them.”
In fact, from the day they received the news, the only calls that Carter and Haden received were from lawyers offering to represent Carter pro bono to sue Duffy — offers they never seriously considered.
In fact, from the day they received the news, the only calls that Carter and Haden received were from lawyers offering to represent Carter pro bono to sue Duffy — offers they never seriously considered.
Duffy flew to Atlanta that week to meet with Carter and Haden and work out their financial arrangement: a series of payments — a sort of annuity lasting until 2020 — that would make Carter whole.
Duffy flew to Atlanta that week to meet with Carter and Haden and work out their financial arrangement: a series of payments — a sort of annuity lasting until 2020 — that would make Carter whole.
“He was there for me from Day 1,” Carter said. “I just knew I was going to stick with him regardless, and to this day, we have a close friendship.”
“He was there for me from Day 1,” Carter said. “I just knew I was going to stick with him regardless, and to this day, we have a close friendship.”
Duffy’s business survived the mistake, too. Today, he has a stable roster of NBA clients, including Luka Doncic, Rajon Rondo and Goran Dragic.
Duffy’s business survived the mistake, too. Today, he has a stable roster of NBA clients, including Luka Doncic, Rajon Rondo and Goran Dragic.
After leaving the Heat, Carter stayed in the league for nine more seasons. He developed a reputation as a hard worker and was a key player on the 2008-09 Denver Nuggets, who went to the Western Conference finals. According to Basketball Reference, Carter’s NBA earnings — not including the $3 million restitution from Duffy — are estimated at $17 million, less than what many current players now collect in a single season.
After leaving the Heat, Carter stayed in the league for nine more seasons. He developed a reputation as a hard worker and was a key player on the 2008-09 Denver Nuggets, who went to the Western Conference finals. According to Basketball Reference, Carter’s NBA earnings — not including the $3 million restitution from Duffy — are estimated at $17 million, less than what many current players now collect in a single season.
Carter and Duffy have maintained an enduring relationship. Duffy has given Carter guidance on his children, including his son Devin, who is a high school basketball player currently committed to the University of South Carolina. Duffy also still looks over Carter’s contracts.
Carter and Duffy have maintained an enduring relationship. Duffy has given Carter guidance on his children, including his son Devin, who is a high school basketball player currently committed to the University of South Carolina. Duffy also still looks over Carter’s contracts.
Carter says he has never brought up the filing error with Duffy, not even to joke about it. Nor has he joked about it with Riley since returning to the organization as a coach in 2016. But he says he is at peace with how things worked out.
Carter says he has never brought up the filing error with Duffy, not even to joke about it. Nor has he joked about it with Riley since returning to the organization as a coach in 2016. But he says he is at peace with how things worked out.
“I got my name in the history books in two different ways,” Carter said, referring to his buzzer-beater and the contract-that-wasn’t. “I wouldn’t change anything.”
“I got my name in the history books in two different ways,” Carter said, referring to his buzzer-beater and the contract-that-wasn’t. “I wouldn’t change anything.”
Copyright:
c. 2020 New York Times News Service
c. 2020 New York Times News Service
FROM THE ARCHIVES
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UST Growling Tigresses gun for third straight victory in WMPBL
UST Growling Tigresses gun for third straight victory in WMPBL
ABS-CBN News
Published Feb 19, 2025 06:30 AM PHT
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University of Santo Tomas’ Brigette Santos in action in the 2025 WMPBL Invitationals. Photo handout
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MANILA — University of Santo Tomas returns for another week of 2025 Women’s Maharlika Pilipinas Basketball League (WMPBL) Invitationals action on Wednesday.
MANILA — University of Santo Tomas returns for another week of 2025 Women’s Maharlika Pilipinas Basketball League (WMPBL) Invitationals action on Wednesday.
The 2-0 Growling Tigresses are determined to secure their third straight win when they face Centro Escolar University (1-2), 6:00 p.m., at the Enderun Gym and look to pick up where they left off last January 29.
The 2-0 Growling Tigresses are determined to secure their third straight win when they face Centro Escolar University (1-2), 6:00 p.m., at the Enderun Gym and look to pick up where they left off last January 29.
Kent Pastrana and standout rookie Karylle Sierba are once again expected to lead the charge for the former UAAP champions as they look to remain one of only two unbeaten teams in the league, alongside Galeries Tower.
Kent Pastrana and standout rookie Karylle Sierba are once again expected to lead the charge for the former UAAP champions as they look to remain one of only two unbeaten teams in the league, alongside Galeries Tower.
UST is aiming to secure its third consecutive win after an 82-67 triumph over Discovery Perlas and a dominant 75-32 victory over PSP.
UST is aiming to secure its third consecutive win after an 82-67 triumph over Discovery Perlas and a dominant 75-32 victory over PSP.
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Over at the other side, the Lady Scorpions head into the match-up coming off a gutsy 68-65 win over EZ Jersey. CEU will lean on the 1-2 punch of Claire Tapinit and Diana Defeles as they look to sustain their momentum and make it two straight victories.
Over at the other side, the Lady Scorpions head into the match-up coming off a gutsy 68-65 win over EZ Jersey. CEU will lean on the 1-2 punch of Claire Tapinit and Diana Defeles as they look to sustain their momentum and make it two straight victories.
Earlier in the day, New Zealand-Bluefire will open the triple-header against Far Eastern University at 4:00 p.m.
Earlier in the day, New Zealand-Bluefire will open the triple-header against Far Eastern University at 4:00 p.m.
The Valkyries, led by Snow Peñaranda, look to make it three victories in a row to improve their standings to 4-1, while the Lady Tamaraws (1-2) will try to rebound after a tough 61-76 defeat against Philippine Navy.
The Valkyries, led by Snow Peñaranda, look to make it three victories in a row to improve their standings to 4-1, while the Lady Tamaraws (1-2) will try to rebound after a tough 61-76 defeat against Philippine Navy.
In the nightcap, San Juan looks to bounce back against the Luisa San Juan-led Cavite-TOL at 8:00 p.m.
In the nightcap, San Juan looks to bounce back against the Luisa San Juan-led Cavite-TOL at 8:00 p.m.
The Lady Knights (2-1), who suffered their first loss against Pilipinas Aguilas last February 5, look to vent their ire against a Patriots side that was coming off its first win after three tries.
The Lady Knights (2-1), who suffered their first loss against Pilipinas Aguilas last February 5, look to vent their ire against a Patriots side that was coming off its first win after three tries.
Games in this league will air live on IBC 13 and stream via the league’s official Facebook page and YouTube channel.
Games in this league will air live on IBC 13 and stream via the league’s official Facebook page and YouTube channel.
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