Former Tennessee men’s basketball player Wayne Chism will be awarded $73,044.42 through a petition for arbitration against his former Turkish Basketball League team.
“I’m relieved that this is over,’’ Chism said Thursday. “Now I can move forward more comfortably.’’
Knoxville-based Allegiant Athletics Agency (a3) filed the petition on behalf of Chism when his former team — Antalya Buyuksehir Belediye — refused to honor a guaranteed contract. The team released him in December after Chism suffered a sprained knee.
Chism will also collect interest on the contracted amount, including extra costs and attorney fees, as determined by The International Basketball Federation and its Basketball Arbitral Tribunal in Geneva, Switzerland, according to a release Thursday by a3.
FIBA’s procedural rules won’t allow Antalya Buyuksehir Belediye to make any other player transactions if Chism’s settlement isn’t paid in a timely manner, and the team could also face significant fines.
“Every team in Europe will see this decision, and hopefully this will encourage other agents to put the time and money into fighting for their clients,’’ said Chism’s agent, Knoxville attorney Jared Karnes. “We can’t allow overseas team to continue the practice of arbitrarily releasing players in spite of contract provisions’’
Chism finished the 2010-11 season in the NBA Development League with the Fort Wayne (Ind.) Mad Ants before returning to Knoxville to play in the Pilot Rocky Top summer league.
Karnes said Chism has received multiple offers from overseas teams and is currently considering a lucrative offer from a team in France.