Before deciding which sport you want to specialize in as an Athlete Agent, it is important to understand the maximum commission available on player contracts. These cap on Agent fees are only regarding team contracts, and Sports Agents may charge a different fee for marketing endorsements (usually 15%-25% as a rule).
Here are the current fee regulations:
MLB – no cap
NFL – 3%
NHL – no cap
NBA – 4%
It is rare to see a Sports Agent get the maximum percentage in an NBA contract. Recently, there was a push by NFL players to lower the maximum percentage that an Agent may receive in an NFL team contract from to 2%. It did not pass, however, and the ceiling remains at 3%.
For more information about the recent ruling made by the NFL Executive Committee, check out Show Me 97 Percent of The Money: NFL Agent Maximum Fee to Remain at 3 Percent. It includes an interesting statement by Kellen Winslow, Sr. that I am not sure I agree with.
[tags]mlb, nfl, nba, nhl, fee regulations, sports agents, nfl fee[/tags]