Friday Wrap-Up

Shabbat Shalom: Friday Wrap-Up (4/23/2010)

Johnny Lujan promoted to Triple-A, Carl Krauser helping his team in New Zealand knock off a formerly undefeated team, and my last class as a law school student.  It has been an exciting week.  That said, I need to now buckle down and study for my two law school exams (Cyberspace Law followed by Trade Secrets law).  The NFL Draft coverage does not make my study efforts very productive.  Thanks to Russell Scibetti for nominating as the Best Sports Business Blog and Dynasty Athlete Representation for having the Best Sports Business Content.  Just being nominated amongst the rest of businesses and blogs is an honor.  Here are some stories I missed over the past week:





Sports Business

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.

8 replies on “Shabbat Shalom: Friday Wrap-Up (4/23/2010)”

Hey Darren, I was wondering if there is a standard percentage that agents take from their clients contracts in each sport? And if there is a standard percentage that agents take from endorsement contracts and other outside deals as well? And if all of this is the only way that agents make their money? Thanks for the help.

The cap in the NFL is 3% and the cap in NBA is 4%. Some agents will charge less to remain competitive. Some even charge by the hour, which comes out to much less than the fee had the agent charged on a contingency fee. In baseball and hockey, the standard is 5%. I’ve seen everything from 5%-80% on endorsement contracts. But most common is something between 10-25%, with 15-20% being even more common. If you limit yourself to these kinds of deals, then yeah, this is how an “agent” would make his money.

While Derek Jeter, Albert Pujols, and Ryan Howard might make good endorsement money, there are many very good baseball players who don’t see much come their way outside of the field of play.

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