11 Updates
NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant
Photo Credit: Getty Images

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott.  The Associated Press has more on the development in a Feb. 24 update:  "...

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25 weeks ago

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant

Feb 24 2014, 8:24pm CST | by

NBA: OKC Thunder F Kevin Durant Dismisses Lawsuit vs. Accountant Photo Credit: Getty Images

Oklahoma City Thunder star forward Kevin Durant dismissed his $600,000 federal lawsuit against his former accountant Joel Lynn Elliott who allegedly deducted some personal expenses as business expenses on Durant's taxes.

Oklahoma City Thunder star forward Kevin Durant has dismissed his lawsuit against his former accountant Joel Lynn Elliott

The Associated Press has more on the development in a Feb. 24 update

"Oklahoma City Thunder star Kevin Durant has dimissed his $600,000 federal lawsuit against his former accountant. 

"The two-page filing dated Friday says only that Durant and his company -- K. Durant Enterprises LLC -- had agreed to dismiss the lawsuit filed by Durant in December against Joel Lynn Elliott in federal court in San Jose, Calif. The filing does not say whether there is a settlement

"Attorneys for Durant and Elliott did not return phone calls to their offices. 

"The lawsuit alleged that the California-based Elliott deducted some personal expenses as business expenses on Durant's taxes without proper documentation. It alleged professional negligence, breach of fiduciary duty and breach of contract and sought $200,000 for each of the three counts." 

More specifically, a Feb. 18 TMZ report states Elliott classified personal fees to Durant's chef as a business expense. 

Part of the lawsuit states,"Fees paid to a personal chef would not be regarded by a reasonably prudent accountant as qualifying for a business expense deduction." 

Durant maintains this is just one of Elliott's many misplaced transactions which got him in trouble with the IRS. It reached a point when his tax returns dated 2007 to 2011 were so disorganized, he had to tap another firm to straighten everything out, per the TMZ report. 

Durant is a leading MVP candidate in the 2013-14 NBA season, averaging 31.6 points, 7.7 rebounds and 5.5 assists through Feb. 24, according to ESPN stats.

With this, he told Darnell Mayberry of NewsOK.com during NBA All-Star Weekend how his game has evolved over the past two years.  

"I think the game a little bit more. I would say two years ago it started to slow down for me and I started to see the game in a different light as far as being a scorer, being a facilitator, defender. So it slowed down for me in the last three years. 

"And I definitely have to get better to get where I want to be. But my goal is just always learn from my mistakes, stay strong for my team throughout the tough times and adversity and have fun at the end of the day. And everything else I feel is going to take care of itself."

 His Thunder have the NBA's second-best record with a 43-14 (.754) mark as of Feb. 24. 

 

 
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6 hours ago

Kevin Durant To Become A Pro Sports Apparel Hawker Who Plays NBA Basketball On The Side

Aug 21 2014 2:30pm CDT | Source: SportsGrid

According to Darren Rovell, Thunder forward Kevin Durant has a massive sponsorship deal from Under Armour on the table that could be worth $285 million over 10 years, with incentives like a community center built in his mother’s name. Like a restricted free agent, Durant’s former sponsor, Nike, has the chance to match the offer and retain Durant, but either way — he’s getting paid. With an annual salary between 26.5 million and $28.5 million, Durant will make substantially more money f ...
Source: SportsGrid   Full article at: SportsGrid
 

 
Update
9

6 hours ago

What Do NBA Players Learn While Playing for Team USA?

Aug 21 2014 2:28pm CDT | Source: Bleacher Report

CHICAGO — DeMarcus Cousins went down with a knee injury on the first day of Team USA’s stint in Chicago. But there was no way he was going to leave the team—there’s far too much value in the experience. Megastars like Kevin Durant and LeBron James may not need to be here anymore. They’ve already learned enough by winning the gold medal at the Olympics and leading their teams into fights for NBA titles year after year. But for the overwhelming majority of players, being around this muc ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
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8

8 hours ago

 
Update
7

8 hours ago

Kevin Durant In Line To Make More From Under Armour Than From OKC Thunder

Aug 21 2014 12:07pm CDT | Source: Rant Sports

Kevin Durant has a massive offer from Under Armour on the table. Over 10 years his potential contract is reportedly worth between $265-285 million. People are used to athletes getting ridiculous endorsement deals at this point, but if Durant’s figure seems extraordinarily high, it’s because it is. KD does not have ...
Source: Rant Sports   Full article at: Rant Sports
 

 
Update
5

10 hours ago

Kevin Durant Reveals He Thought Stephen Curry Was White When They Met as Kids

Aug 21 2014 10:34am CDT | Source: Bleacher Report

Hearing stories from the past can always be fun, especially when it's professional athletes speaking about their childhoods. During Tuesday's NBA 2K Uncensored event, Kevin Durant revealed something pretty hilarious that was going through his mind the first time he met Stephen Curry. Keep in mind that Durant was only 10 years old at the time. Durant's little story had Curry, James Harden and Anthony Davis rolling with laughter. That wasn't the only funny m ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
4

12 hours ago

Should Derrick Rose Play It Safe and Withdraw from FIBA's Team USA?

Aug 21 2014 8:39am CDT | Source: Bleacher Report

Derrick Rose has a decision to make.  Stoic and determined as ever, the Chicago Bulls point guard could maintain there is no dilemma at hand. He would be wrong. He has officially reached another crossroads: Should he remain a part of Team USA's FIBA World Cup roster, or should he bow out, protect his knees and focus only on the 2014-15 season? This decision, despite all the relevant ramifications that will follo ...
Source: Bleacher Report  Full article at: Bleacher Report
 

 
Update
3

12 hours ago

Report: Kevin Durant Informs Nike of Huge Offer from Under Armour

Aug 21 2014 8:30am CDT | Source: slamonline

As you know, Under Armour has come hard after sneaker deal free agent Kevin Durant this summer. On Wednesday, Durant’s Roc Nation reps are said to have officially told Nike of a 10-year offer worth between $265-$285 million from its competitor, which reportedly includes stock options and other perks (such as a community center built in his mother Wanda Pratt’s name.) Per ESPN: Nike, which saw its signature busines ...
Source: slamonline   Full article at: slamonline
 

 
Update
2

14 hours ago

Report: Nike gets chance to match 10-year, $265 million offer to Kevin Durant from Under Armour

Aug 21 2014 7:00am CDT | Source: NBC Sports

It's all business for KD with Roc Nation getting in the act. ...
Source: NBC Sports   Full article at: NBC Sports
 

 
Update
1

14 hours ago

Good morning, commence worrying about Derrick Rose

Aug 21 2014 7:00am CDT | Source: SBNation

That and more in Thursday's NBA newsletter. SIGN UP FOR OUR NBA NEWSLETTER Get news, links and Ziller's #hottakes in your inbox every weekday morning. Email Good morning. Let's basketball. TEAM USA IS STILL PRETTY GOOD: The home team destroyed the Dominican Republic in a warm-up game Wednesday, punctuated by a nasty Andre Drummond dunk. (Is there any other kind of Andre Drummond dunk?) No cuts ...
Source: SBNation   Full article at: SBNation
 

 

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Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

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