Kurt Busch being sued by former agent

Kurt Busch

Sports Management Network alleges NASCAR driver Kurt Busch owes more than $1 million in contractual obligations after he abruptly ended his contract.

A lawsuit filed in U.S. District Court this month claims Busch, a former NASCAR champion, agreed in or around July 2012 to the compensate 10% of all revenue paid from personal services agreements to the network under a representation agreement beginning in January 2013.

The move took place after "it became apparent that the money Defendants would receive in 2012 from KB's professional driving activities would be a fraction of what they previously receive," reads the lawsuit.

SMN offered to modify Busch's payment obligation from $250,000 to $125,000 in 2012, which was accepted by the driver and Kurt Busch Inc. with the 10% stipulation through 2018, according to the lawsuit.

The lawsuit claims payments were made under the new terms through the first quarter of 2016 without any issues until Busch terminated his relationship with SMN and "ceased paying SMN altogether from that point forward."

Alan Miller, a Birmingham, Michigan-based attorney representing Busch said they will fight against the lawsuit, which includes nine counts such as breach of contract and fraudulent misrepresentation. "We believe the lawsuit is without merit, and we plan to vigorously defend the lawsuit," he said. He declined any further comment at this time. They have not yet filed a response to the lawsuit. Michigan Live