Once new agents start to accumulate clients and everything seems to be perfect, novice Sports Agents often begin to see the gloomy side of the business. Right when it seems like your agency/independent practice is going to start seeing a profit, you may start to encounter the “fire letter.“ As a novice agent, you have not dealt with many of the situations that your emerging clients are about to go through (arbitration, negotiation of contract extension, free agency, etc.). This is when some of your clients may jump ship and go to a more established agency (IMG, SFX, Octagon). When you are notified of a client’s departure by mail, it is known in the Sports Agent world as a “fire letter.”
Hopefully no one reading this blog will ever have to deal with one of them.
[tags]fire letter, sports agent[/tags]