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  • Cardinals’ Patrick Peterson leaves agent

    Patrick Peterson (Getty Images)

    Arizona Cardinals Pro Bowl cornerback Patrick Peterson fired agent Patrick Lawlor on Monday night, two months before Peterson is expected to begin negotiating an extension with the Cardinals that could see him earn more than $50 million guaranteed, making him the highest-paid defensive player in the NFL.

    Peterson, who the Cardinals drafted with the fifth pick in the 2011 NFL draft, is widely regarded as one of the top defensive players in the league and is on pace to make his third consecutive Pro Bowl. He has three interceptions, 10 passes defended, 202 return yards with four touchdowns and 64 yards receiving on the season.

    Lawlor took aim at the NFL Players Association on Tuesday night for what he believes is fostering an environment where Lawlor says agents consistently go outside the union's rules to convince a player to switch representation. He said he's likely to file a complaint with the union regarding rules he believes were broken in regards to Peterson.

    "The NFLPA refuses

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  • Terrell Owens (Getty Images)

    Philadelphia Eagles wide receiver DeSean Jackson and former NFL wide receiver Terrell Owens have raised questions about the fairness of the NFL Players Association's arbitration procedures, according to league sources and documents obtained by Yahoo Sports.

    Owens alleges the union is attempting to force him to use an arbitrator who he says is "essentially on [Drew] Rosenhaus' payroll," in a $6.5 million dispute between he and his former agent.

    Jackson raised concern with being forced to use the same arbitrator — Roger Kaplan — in a dispute between he and Rosenhaus over more than $400,000. The wide receiver alleges he was never informed Kaplan was receiving money from Rosenhaus for serving as an arbitrator in an unrelated dispute between the agent and a former employee. Jackson says the financial relationship between Rosenhaus and Kaplan gives rise to the appearance of bias, and Jackson has asked Kaplan to recuse himself from his matter.

    As for the unrelated dispute, documents obtained

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  • Former financial adviser Jinesh “Hodge” Brahmbhatt has been banned by the Financial Industry Regulatory Authority in relation to his participation in an alleged $18 million fraud that ensnared a number of prominent NFL and NBA players, Yahoo Sports has learned.

    Brahmbhatt signed a letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority on Nov. 4 after failing to appear and testify at an August disciplinary proceeding aimed at getting to the bottom of the alleged fraud.

    Brahmbhatt's attorney Alan Futerfas of The Law Offices of Alan S. Futerfas emphasized that Brahmbhatt was banned by FINRA for failing to appear at the August disciplinary proceeding and cautioned against reading any further into that outcome.

    "The FINRA Consent makes clear that the reason for the bar is that Mr. Brahmbhatt 'failed to appear and testify at the disciplinary hearing' of Success Trade. FINRA did not lodge any charges against Mr. Brahmhatt in relation to the Success Trade

    Read More »from Former financial adviser for NFL players banned from industry by FINRA
  • clowney

    South Carolina defensive end Jadeveon Clowney has informed a person close to him that he is leaning toward signing with Jay Z's Roc Nation Sports, according to a source familiar with his recruitment.

    Though Clowney has experienced a decline in his production this year, he remains a presumptive top-10 pick in the 2014 NFL draft. While his first two seasons at South Carolina saw him record 21 sacks and 35.5 tackles for loss, he has just two sacks and 6 1/2 tackles for loss through nine games this season.

    Clowney has already been publicly linked to Jay Z, whose given name is Shawn Carter. A July report in "Inside The League" indicated Clowney was "smitten" with the superstar rapper turned sports agent and that the two had been in "regular contact under the guise of the rapper recruiting him for his marketing potential."

    The day the report surfaced, Clowney posted a picture on his Instagram account of an article discussing the report with the caption, "You kno we about to turn up. Dream

    Read More »from Jadeveon Clowney leaning toward signing with Jay Z’s agency
  • (Getty Images)Miami Dolphins defensive end Jared Odrick filed a lawsuit against financial firm Success Trade and prominent financial adviser Jinesh “Hodge” Brahmbhatt of Jade Management for their role in placing players in allegedly fraudulent investments.

    Law firm Sonn & Erez PLC announced the suit Friday.

    Yahoo! Sports reported Wednesday that multiple federal agencies including the FBI, the U.S. Securities and Exchange Commission and the Department of Justice were probing Success Trade investments. The Financial Industry Regulatory Authority (FINRA) has red-flagged Success Trade for selling $18 million in fraudulent and unregistered promissory notes to 58 investors, 30 of whom were professional athletes.

    Brahmbhatt previously told Yahoo! Sports that Jade Management had more than 30 of their clients involved with allegedly fraudulent Success Trade investments. Odrick was among those players.

    “We intend to aggressively prosecute this case and hold everyone who participated in this alleged Ponzi

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