Rich Paul is a prominent American sports agent, best known as the founder and CEO of Klutch Sports Group. He's also the co-head of the Sports division at United Talent Agency. His most significant client is NBA superstar LeBron James, with whom he shares a long-standing friendship. Paul's influence in the sports industry is substantial, marked by his representation of high-profile athletes and his success in negotiating lucrative contracts and endorsements.
On December 16, 1980, Richard Paul, the future sports agent and founder of Klutch Sports Group, was born.
In 1999, Rich Paul's father was diagnosed with intestinal cancer, which led him to transfer from the University of Akron to Cleveland State to be closer to his father.
In 2002, Rich Paul met LeBron James at the Akron–Canton Airport. James was impressed by Paul's Warren Moon throwback jersey.
In 2003, Rich Paul joined LeBron James' inner circle, marking the beginning of his career in sports management.
In 2006, Rich Paul started working under Leon Rose at Creative Artists Agency (CAA), where Rose had negotiated James' extension with the Cavaliers.
In 2012, Rich Paul, along with LeBron James, left Creative Artists Agency to start his own agency, Klutch Sports Group, a major career milestone.
In 2013, Rich Paul enlisted Mark Termini, an experienced agent and attorney, to lead NBA contract negotiations for Klutch Sports Group.
In 2017, Nerlens Noel rejected a $70 million contract offer from the Dallas Mavericks, an event that later became a point of contention in a lawsuit against Rich Paul in 2021.
In 2017, Phoenix Suns owner Robert Sarver threatened to fire head coach Earl Watson if he didn't sever ties with Rich Paul and Klutch Sports Group. Watson was fired on October 22 after a 0-3 start to the season. This event later became part of a major report on Sarver, leading to his suspension and eventual agreement to sell the Suns and Phoenix Mercury.
In June 2019, Rich Paul was featured on the cover of Sports Illustrated, which dubbed him "The King Maker," recognizing his growing influence in the sports world.
In July 2019, United Talent Agency (UTA) invested strategically in Klutch Sports Group, and Rich Paul was appointed to run its Sports division, expanding his influence and portfolio.
In August 2019, the National Collegiate Athletic Association (NCAA) changed its regulations for agents, requiring them to hold a bachelor's degree. This was dubbed the "Rich Paul Rule" and was widely seen as a swipe at Paul for not having graduated from college. Paul argued against the rule, and the NCAA later backed down from the regulation change.
In the December–January 2020 issue, GQ magazine named Rich Paul "Power Broker of the Year", recognizing his influence and success in the sports industry.
In July 2020, Rich Paul was appointed to the board of directors of United Talent Agency, further solidifying his position in the entertainment industry.
In 2020, Nerlens Noel signed a $5 million deal with the New York Knicks, which became relevant during his settlement with Rich Paul in 2023.
In 2020, Rich Paul was included in the "Ebony Power 100 List", recognizing his influence and impact.
In April 2021, Rich Paul partnered with former Nike executives to form Adopt, a minority-owned marketing and creative agency focused on the sports and wellness sector.
In August 2021, Rich Paul was reportedly being sued by Nerlens Noel for breach of fiduciary duty, breach of contract, and negligence related to turning down a contract offer in 2017.
In December 2021, New Balance collaborated with Rich Paul on a new release of the NB550 sneaker.
In 2021, Rich Paul began a relationship with British singer Adele.
In May 2022, Rich Paul was part of a consortium that invested in Funko, and he was appointed advisor to Funko's board of directors.
On January 11, 2023, Rich Paul and Nerlens Noel reached a settlement, with Noel paying full commissions on a deal with the New York Knicks and withdrawing all legal proceedings.
In February 2023, Rich Paul launched Klutch Athletics, a new sportswear brand in collaboration with New Balance.
In April 2023, Rich Paul was added to the board of directors of Live Nation Entertainment, expanding his influence into the entertainment industry.
In October 2023, Rich Paul's memoir, "Lucky Me: A Memoir of Changing the Odds" co-written with Jesse Washington, was published and became a New York Times best-seller.
In November 2023, Rich Paul resigned from Funko's board of directors following a wave of departures and a financial loss for the company.
In March 2024, Robinhood selected Klutch Sports Group to serve as its agency of record for sports and entertainment partnerships, appointing Rich Paul as the company's strategic brand advisor.
On August 9, 2024, British singer Adele announced that she and Rich Paul were engaged.
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