TORONTO – Washington Wizards point guard John Wall has officially signed Rich Paul to represent him, Wall confirmed Tuesday afternoon.
The two-time all-star fired Dan Fegan, who served as his agent since he was drafted in 2010, earlier this month and had to wait 15 days after notifying Fegan to hire Paul. Wall said Paul will handle only on-court and NBA-contract matters and a close friend will probably oversee his off-court matters.
Paul is widely recognized as LeBron James’s agent and close friend, but has created a deep roster under his Klutch Sports umbrella. His 10 other clients include Phoenix Suns point guard Eric Bledsoe and former Wizards center Kevin Seraphin, and Tristan Thompson, who signed a five-year contract worth $82 million just before the season started in late October.
The decision to fire Fegan, who represented Wall on all matters, comes after negotiations for a new sneaker contract with Adidas fell through and Wall’s deal with the company expired at the end of September, a couple months after Adidas signed Houston Rockets guard James Harden to a 13-year, $200 million contact to make him their marketing focus in basketball.
Wall still wore his signature Adidas sneaker in games at the beginning of the season for royalties but now wears Nike. James signed a lifetime contract with Nike last month and nine of Paul’s other 10 clients are with Nike.
Wall, 25, is a two-time all-star in his sixth season as the franchise centerpiece for the Wizards. He is in the second year of five-year, $80 million contract extension he signed in July 2013 that took effect last season after his rookie deal expired. He is averaging 19.6 points, 9.7 assists, 4.2 rebounds, and 2.1 steals in 42 games, and figures to make the Eastern Conference all-star team for the third straight year. All-star reserves will be revealed Thursday.