Ex-Brooklyn Nets and Utah Jazz assistant coach Jason Terry accused of stiffing celeb jeweler over $25K diamond Rolex: suit

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By Priscilla DeGregory

September 4, 2023 | 1:17pm

Former Brooklyn Nets and Utah Jazz assistant coach Jason Terry is refusing to pay for a $25,000 diamond encrusted Rolex that he rented for an event and later agreed to buy from a celebrity jeweler, new court papers allege.

Terry rented the 23.5-carat stainless steel customized timepiece from prolific New York jeweler Eric Mavachev — who professionally goes by Eric Mavani and is nicknamed “Eric Da Jeweler” — according to a Manhattan Supreme Court lawsuit filed Monday.

The 19-year NBA vet borrowed the flashy watch to wear out to Drai’s nightclub in Las Vegas during the summer league, Mavachev’s lawyer Mark Shirian told The Post.

After, instead of returning the glitzy timepiece the former NBA combo guard — nicknamed “The Jet” — said he wanted to buy it from Mavachev, the filing says.

So Mavachev — who has sold blinged-out jewelry to celebrities including Kim Kardashian, Tyga, Floyd Mayweather and Snoop Dogg and has rubbed shoulders with the likes of Tom Brady — agreed to sell the piece for $25,000, which Terry agreed to, the papers allege.

On July 10, Terry, 45 — who also played on the Atlanta Hawks, Boston Celtics and Dallas Mavericks — texted Mavachev asking for his bank account information, saying he’d wire the money on July 13, the court papers claim.

But the money never came and the 2011 NBA Champion never returned the wristwatch, the suit claims.

Terry also ghosted Mavachev in a message from the next day saying he never received the funds, the filing alleges.

Terry “has not paid plaintiff the total amount of $25,000.00, which is the agreed upon value of the Rolex Watch, and has not returned the Rolex Watch to Plaintiff,” the suit charges.

Shirian claims he and his client gave Terry 30 days to pay up which he failed to do, prompting the breach of contract lawsuit.

“Despite earning over one hundred million dollars in the NBA, Mr. Terry has failed to fulfill his financial obligations and has not made the necessary payments for the valuable timepiece,” Shirian said. “We are prepared to use all available legal avenues to recover the outstanding payment for the watch.”

Mavachev — who filed suit through his company Eric & Co. Trading Group LLC — is seeking the $25,000 he says he’s owed.

Terry didn’t immediately return requests for comment Monday.