Headline NFL Players Sports Business

The Rookie Financial Handbook

Last Friday, Marc Isenberg contributed a great piece to Sports Agent Blog concerning his Do It Yourself Rookie Symposium.  Based on the fact that the NFL rookie symposium is cancelled this year, Isenberg has offered to provide a free copy of his Go Pro Like a Pro booklet to any NFL draftee, undrafted free agent, and will even provide it free of charge to current NFL veterans.

Upon publishing Marc’s post, I received an email from John Hanselman at NCompass Financial, who also has some free literature to share with rookies who unfortunately do not get to experience the rookie symposium because of the lingering lockout.  His booklet is titled, The Rookie Financial Handbook, and I have embedded it at the bottom of this post for all to peruse.

Also a short read, Hanselman’s handbook discusses communications with a Certified Public Accountant after a player signs his first professional contract, considering personal disability insurance, benefits of renting instead of buying property, carving out a 5-10% after tax “fun money” allowance, proper budgeting, developing a financial roadmap, and estate planning.

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.