Nails Never Fails, but Sometimes He Forgets to Pay His Bills

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Former New York Met Lenny Dykstra has spent some time recently in New York reinventing himself as a magazine mogul. His partner, Doubledown Media, is helping him produce The Players Club, a title aimed at guiding professional athletes toward a secure retirement befitting young sports stars accustomed to living the good life. Dykstra seems to be the one in need of financial, and legal, advice these days.

First there was a profile in The New Yorker and last night he appeared as a presenter at the National Magazine Awards, where he shambled up to the mic, mumbled his way through the script, and ended by vowing to be back next year to pick up his own award. Or maybe not.

As the magazine industry was gathering at Jazz at Lincoln Center for the awards, Conde Nast's Portfolio blogger Jeff Bercovici was posting an item about how Doubledown Media and Dykstra are in a legal battle over the waiting to be published second issue. Doubledown, which publishes Trader Monthly and The Cigar Report, claims Dykstra owes it half a million dollars. Here's our favorite quote from Doubledown's suit against Dykstra: "Over a relatively short period of time, Dykstra proved himself to be a mercurial, difficult client whose many idiosyncrasies and demanding personality imposed substantial costs on the planned publications and created excessive burdens for Doubledown," reads the suit.

But Dykstra's original suit insists that he "has performed all covenants and agreements with Doubledown except as excused by Doubledown's breach or otherwise." Dykstra is seeking damages of $500,000.