Here is an interesting tactic, and not something you see every day. I’m still not sure whether I like the idea or not. On the one hand, it increases exposure, on the other, it does so at the risk of seeming desperate. Anyway, enough of my own thoughts, what do you think about this press release by Kaufmann Sports Management Group?
One thing that particularly confused me is the heading under the title:
Kaufmann Sports Management Group in Chicago is more than a sports agent for amateur and professional athletes. KSMG was founded by Thomas Kaufmann to power partnerships with the athletes it represents with a unique approach to fees and services. It’s changing the game in how sports agents compete for talent.
Unique approach to fees? When I went to their website, which has a nice layout, I found this under the Fees section:
KSMG was founded upon the principle of providing quality representation to professional athletes at reasonable rates. We at KSMG do not feel that our clients should have to pay us a fixed fee, regardless of the amount of work we do. Therefore, KSMG offers veteran players and rookies drafted in the first three rounds the option of forgoing the 3% maximum commission allowed by the NFL Collective Bargaining Agreement and choosing an hourly fee package, which can result in significant savings to the Player.
Our baseball clients receive complete and personal representation at highly competitive rates. WE are paid nothing until you are paid the major league minimum salary at which point we are paid 5% of salary received. In addition, we receive 3% of any signing bonus we negotiate and 10% of any endorsement revenue received.
Charging an hour fee for football players is definitely unique, and something I have pondered about offering in the past. However, no agent in baseball takes a commission on his clients making minimum salary (it is against the rules), so I am not sure about that 5% they assume they will be taking one a client makes that minimum salary. The signing bonus fee looks lower than normal as does the endorsement fee, so I presume that it is somewhat unique.
Anyway, this post was not meant to criticize KSMG in any way. Instead, their press release caught my attention (as it is not something you see every day from an agency), so I figured if they wanted the attention, they might as well receive it!