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Contract Negotiation

Explanation of the Larry Bird Exception

This is one of the interesting parts of the NBA’s salary cap that I discussed before. In brief, the exception allows a team to go above and beyond the salary cap in order a re-sign a free agent. The amount of the contract cannot exceed the maximum salary. The contract signed cannot be for more […]

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Arbitration Contract Negotiation MLB Players MLB Teams Sports Agents

Hochevar Signs Major League Contract

As was reported last week by MLB.com, Luke Hochevar (1st overall pick in the 2006 MLB draft) has been signed by the Kansas City Royals and now has a 4 year Major League contract [Royals agree with top pick Hochevar]. Why is it particularly important that Scott Boras got his client a Major League contract? […]

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Contract Negotiation Sports Agents Sports Law

Agent or Advisor?

The Sports Law Blog made a post on July 24th highlighting Phil Kessel’s (hockey player at University of Minnesota) contract negotiations with the Boston Bruins. An agent by the name of Wade Arnott is serving as an advisor instead of as an agent. He is not receiving any money for his services as an advisor, […]

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Contract Negotiation Endorsements

The Fotunate 50 of 2006

Every year for the past 3 years, Sports Illustrated has published a list of the top 50 athletes when it comes to raking in salary, bonus, winnings, appearance, and endorsement money. It is interesting to see the type of endorsement money some of these athletes are making.  Agents typically take a larger chunk of endorsement […]

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Contract Negotiation

Value of Signing Bonuses

In the NFL, there is no such thing as a guaranteed contract. The NFL is the most important league to look at when delving into the signing bonus arena. The strong likelihood of player injury coupled with a hard salary cap on teams provide an atmosphere where owners refuse to sign no-cut contracts (thus, the […]

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Contract Negotiation MLB Players NBA Players Soccer

Want to be an MLS agent?

You may not after reading these facts about player salaries. btw, MLS stands for Major League Soccer, America’s attempt to create a professional soccer league in the U.S. Looking at salaries alone, it seems that the league is has not reached nearly enough popularity so far, and needs a boost before players like Freddy Adu […]

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Contract Negotiation MLB Players MLB Rules

Incentive Clauses

From reader John Bristor: Scenario: Major League pitcher has a guarranted 1 yr contract with a no trade clause and performance bonuses based on number of games started. Pitcher and manager don’t get along, and Team A designates him for assignment, he clears waivers and is signed to a new contract by Team B at […]

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Contract Negotiation

What Is A Salary Cap?

As someone interested in the sports business, it is important to know the background behind what limits the amount of money that your clients can accrue. Every American sports league besides MLB has a salary cap in effect to limit the amount that each team can spend yearly. Salary caps have been implemented to ensure […]

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Contract Negotiation MLB Players MLB Teams Sports Agents

Johnny Damon’s Move to New York; Was it Theo’s Ego or Boras’s Lie?

Seth Mnookin is coming out with a book tomorrow that looks to be a good read: Feeding the Monster : How Money, Smarts, and Nerve Took a Team to the Top.  Today, Mr. Mnookin has realease his last preview of the book by highlighting the negotiation between agent Scott Boras and Theo Epstein over Johnny […]

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Contract Negotiation MLB Players MLB Teams Sports Agents

Maybe This Is Why The Cubs Can’t Win

This past Sunday, I did an Agent Spotlight on agent Mark Rodgers. One of his clients that was displayed is a man named Chris Huseby, an 11th round pick made by the Chicago Cubs in this years MLB draft. Well via Deadspin, who has linked to a Baseball America report, I was able to find […]