NBA Players

Helping You Lose Your Money Effectively

Rick Reilly recently got a large stipend to move his belongings from Sports Illustrated to the Bristol-based company, ESPN.  Since he arrived at the World Wide Leader in Sports, I have not been wowed with any of his pieces.  Finally, I can find some interest in one of his write-ups.  Reilly just penned a piece for ESPN The Magazine, which looks at the grim reality that NBA players have a proclivity to lose their fortunes rather quickly.  Instead of 60% of NBA players filing for bankruptcy within retiring from basketball, Reilly offers his hand at ensuring that 100% of players in each league have a chance to lose their hard-earned money by following his ten step plan.  Here is one step that relates to our profession:

6. Hire an agent who sniffs a lot and/or is constantly checking the scores on his BlackBerry. Those are the kinds of guys who will suck up your dough like a street-sweeper. Ex-Knick Mark Jackson once had a business manager he thought he could trust. Turned out the guy was forging Jackson’s signature on checks—an estimated $2.6 million worth—to feed a gambling jones. “And it wasn’t like I was a rookie—I was a veteran,” Jackson says. The only reason he says he’s getting some money back is because he didn’t … [7. Sign over power of attorney]

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.

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