Nearly a week has passed since NICKMERCS abruptly announced his departure from 100 Thieves, claiming that Nadeshot had not fulfilled the promises he had made to him when he first joined the organization back in 2016.
On May 29, KEEMSTAR tweeted out a rumor about exactly what Nadeshot had promised Nick, and it apparently involved an ownership stake in the org.
“Rumor is Nadeshot offered NICKMERS 5% of 100 Thieves but never paid up!” Keem tweeted. “YIKES!”
It took only a matter of hours for that rumor to go from plain hearsay to a much more solidified claim, as Nick himself commented on Keem’s tweet and confirmed its validity.
“Ain’t no rumor homie,” he replied. “Is what it is.”
If what KEEMSTAR and NICKMERCS are saying is true, then the 5% stake that Nadeshot had offered early on would have grown exponentially in value over the years that Nick had been a member, considering that 100 Thieves became a major powerhouse in esports during that span.
Nick has already claimed multiple times that he did not receive “a dime” in his first two years with 100 Thieves, but continued to trust that he would ultimately be given what he was due.
As for the other side of the story, Nadeshot has already said that he is “not going to make a comment or statement on the situation at hand.” However, that was before Nick posted the reply on Twitter, so there’s a chance that the 100T CEO could change his stance.
We have reached out to 100 Thieves for a comment on these claims, and we are currently waiting on a response.
Shortly after Nick’s tweet, esports insider Rod ‘Slasher’ Breslau posted that he had spoken to Nick, who had told him the he and Nadeshot had a verbal agreement that he would get 5% equity in the company, but his stake ended up being “substantially less” once the organization received its massive investments.
According to Forbes, 100 Thieves is currently valued at between $90-100 million, which means that Nick’s share would currently have a value close to $5 million.
NICKMERCS tells me Nadeshot made a verbal agreement with him at the very beginning of 100 Thieves that he would get 5% equity in the company, and when investors came the contract given to him had equity but 'substantially less'
Forbes has 100 Thieves valued at ~$100 Million
— Rod Breslau (@Slasher) May 30, 2019
NICKMERCS vs Nadeshot – what’s gone down so far
As expected, Nick’s comments drew reactions from a lot of people, including OpTic Gaming CEO Hector ‘H3CZ‘ Rodriguez, who said he was siding with Nadeshot during his podcast, calling the 100T CEO honorable for keeping things behind closed doors.
These comments did not sit well with Nick, who hit back at H3CZ live on stream, questioning his decision to say what he said about Nick on his podcast.
We will, of course, continue to bring you the latest on this continually unfolding saga as more information becomes available.
Last Update: May 29, 2019 – 10:25 PM EST