After initiating their sponsorship agreement in late 2018, Rokit paid the Rockets an upfront fee of $9.75 million. The payments ceased, eventually leading the NBA club to sue for breach of contract—winning an $11.23 million arbitration award. Rokit later filed its own lawsuit claiming it was entitled to desert the jersey-patch deal because of alleged misrepresentations that had been made on a companion liquor distribution agreement with Landry’s.
by Hoops Hype