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What Athletes Should Do When They Experience Financial Pain

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PAIN! Everyone experiences pain in one form or another. Pain comes in many different forms and not all forms are as distinguishable as others.

If you have physical or mental pain, you go to your doctor. Are you able to trust the doctor you go to for medical advice? You would like to think the doctor has the expertise from years and years of experience, so that he/she could help you with your pain, right? You put your trust in your doctor due to the fact he has more knowledge of medicine than you do.

If you have someone who is going to bring you to court, you have legal pain. You therefore consult an attorney and hope that the individual or firm has the expertise from years and years of experience. There are no guarantees you can win your case, but you put your faith in the attorney because he/she has more knowledge of the law than you do.

How often have you had financial pain in the past? Everyone does have financial pain in some form or another or definitely will in the future. Naturally, you would choose to seek advice from a financial advisor who has the expertise through years and years of experience. You would put your trust into that person because he has more knowledge of finances than you do.

One typically has financial pain if he has lost money in an investment, he has paid too much in fees, or he procrastinates and does “nothing” with his funds. Another way to feel financial pain is by not efficiently managing your bookkeeping needs. Most people will get a professional to do this for them, such as Grow Green bookkeeping; regardless, it’s important that bookkeeping is taken seriously. Take a moment and think about whether you or someone you know has “financial pain” and remember, any financial pain is repairable is some form or another.

Disclosures. The information contained herein is neither an offer to sell nor a solicitation of an offer to buy any security. Past performance is not a guarantee of future results. Further, the information herein is intended solely to provide general information and does not constitute a promotion of any offerings or products. Donald J. Kushner is an independent financial advisor with Arque Capital, Ltd., and does business as DK Sports Financial. Arque Capital, Ltd., and DK Sports Financial are unrelated entities. Securities offered through Arque Capital, Ltd. 7501 E. McCormick Parkway, Suite 111 North Court, Scottsdale, AZ 85258. (602) 971-9000. Member FINRA/SIPC. Any unauthorized reproduction of this information is strictly prohibited.

By Darren Heitner

Darren Adam Heitner, Esq., is a preeminent sports attorney and the founder of Heitner Legal, P.L.L.C., a Fort Lauderdale-based law firm specializing in sports law, contract negotiations, intellectual property, and arbitration. He earned his Juris Doctor from the University of Florida Levin College of Law in 2010 and a Bachelor of Arts in Political Science, magna cum laude, from the University of Florida in 2007, where he was named Valedictorian of the College of Liberal Arts and Sciences. Admitted to practice in the state bars of Florida, New York, and the District of Columbia, as well as multiple federal courts, Darren also serves as a certified arbitrator with the American Arbitration Association.

As an adjunct professor, Darren imparts his expertise through teaching Sports Law at the University of Florida Levin College of Law and Name, Image, and Likeness (NIL) at the University of Miami School of Law in the Entertainment, Arts, and Sports Law LL.M. program. His scholarly contributions include authoring several books published by the American Bar Association, such as How to Play the Game: What Every Sports Attorney Needs to Know, and numerous articles in prominent publications like Forbes, Inc. Magazine, and Above the Law. His thought leadership in NIL has earned him recognition as one of the foremost experts by The Wall Street Journal, USA TODAY, and On3, and he has been lauded as a “power player in NIL deals” by Action Network and a “top sports trademark attorney” by Sportico.

Darren’s passion for sports law led him to establish Sports Agent Blog on December 31, 2005, initially titled “I Want To Be A Sports Agent.” The platform, created as a New Year’s resolution, has grown into a cornerstone of the sports agency community, offering in-depth analysis of industry trends, legal disputes, and agent-player dynamics. His commitment to the field is further evidenced by his representation of numerous athletes and sports agents, as well as his prior role as an Adjunct Professor at Indiana University Bloomington, where he developed and taught a course on Sport Agency Management from 2011 to 2014.

Darren’s contributions have been recognized with prestigious honors, including the University of Florida’s 40 Under 40 Award, the University of Florida Levin College of Law’s Outstanding Young Alumnus Award, and designation as the best lawyer in Fort Lauderdale by Fort Lauderdale Magazine. He remains an active voice in the sports law community, sharing insights through his weekly NIL newsletter and his X posts, engaging a broad audience on legal developments in sports.