Many people would say that in a perfect world, athletes do not select their agents based on how much money an agent gives or promises a player. In the real world, that is certainly not always the case. However, many athletes do see through these gifts and/or promises and realize what they are all about – “buying” the player. It has absolutely no positive reflection on the agent’s ability to find deals or effectively negotiate professional contracts. Instead of worrying about how much money an agent has in the vault, players should be concerned about other things, such as:
- Is the agent registered to practice as an athlete agent in the state the athlete’s state?
- Has the agent been disbarred, suspended or disciplined by a bar association or players’ association?
- What is the agent’s fee?
- How will the agent prepare the athlete for his professional draft?
- Is the agent getting kickbacks on referrals?
- The agent has a lot of clients; does he have enough time to dedicate to the athlete?
- What will the agent do if things don’t go according to plan?
- How will the agent help after the athlete’s career is over? Do they have useful connections within the sport?
- Will the agent provide any assistance with retirement planning?
- What kind of endorsement opportunities might the agent present?
Alvin Greer does a great job expounding upon this questions and others that athletes should be asking potential advisors/agents instead of the common question of, “How much money will you throw me up front?” Check it out and leave your comments below.
