Here is a concise summary of the video transcript:
**Title:** FaZe Clan's Response to Turner "Tfue" Tenney's Contract Dispute
**Summary:**
* FaZe Clan creates a video to address the public contract dispute with Turner "Tfue" Tenney, a valued team member.
* The organization reveals they attempted to renegotiate Tfue's contract since September 2018, offering multiple revised versions, including a deal with **no splits** and a **7-figure yearly salary**.
* Despite efforts, Tfue stopped responding, and it became clear his intention was to **leave and create a competing organization**.
* FaZe Clan emphasizes their priority is **protecting the relationship with their fans**, who have invested in the team's dynamic with Tfue.
* The organization feels **blindside claims are unfounded**, as they were aware of the renegotiation issues, but not the lawsuit.
* A timeline of negotiation attempts is provided, highlighting the efforts made to retain Tfue.
* FaZe Clan commits to **remaining a leader in the gaming industry**, prioritizing talent and fans, and adapting to the evolving landscape.
Here are the key facts extracted from the text, each with a number and in short sentences:
1. **Contract Renegotiations Began**: Faze Clan started renegotiating Turner "Tfue" Tenney's contract in September 2018.
2. **Original Contract**: Tfue's original contract was signed in April 2018 under a different management team within Faze Clan.
3. **Multiple Contract Versions Sent**: Faze Clan sent Tfue multiple versions of revised contracts to renegotiate terms.
4. **Seven-Figure Offer Made**: One of the offers included a seven-figure yearly salary.
5.. **No Splits Offered**: Another offer included no splits, with Faze Clan taking 0% from Tfue's earnings.
6. **Communication Breakdown**: Negotiations were hindered by a lack of clear communication about Tfue's true motives.
7. **Final Intent Revealed**: Tfue's intention was ultimately to leave and create his own organization to compete with Faze Clan.
8. **Meeting Held**: A face-to-face meeting between Faze Clan representatives, Tfue, and his dad occurred in mid-January to discuss contract terms.
9. **Contract Updates Timeline**:
* September 28th (previous year): First revised contract sent.
* January 24th (current year): New agreement sent to Tfue's lawyer.
* April 3rd and April 29th: Further updated contracts sent.
10. **Revenue Collection**: Despite a clause, Faze Clan never collected more than 20% from Tfue or other members.
11. **Waived Collections**: Faze Clan decided not to collect any money under the old agreement, except for two brand deals where they took 20%.
12. **Tfue's Contract History**: Tfue had signed contracts with other organizations before joining Faze Clan.