Nothing like a Thanksgiving treat! Even though I Want to be a Sports Agent is not actively looking for new contributors, we sometimes get lucky and score a very talented applicant. I believe that our newest addition to the SportsAgentBlog.com All-Stars will bring a delightful new twist to the site.
Our 10th writer is James Alexander Taylor. Please welcome him with open arms. James is our second overseas correspondent (joining our great author, Chris Lesley, who hails from Australia). He is a huge soccer enthusiast, so expect to see more “non-traditional American sports” covered on the blog. The guy wrote a 10,000 word dissertation about the conflict between transfer rules in soccer and European Union law, so I think he knows what he’s talking about in that area.
James Alexander Taylor graduated from the University of Southampton, UK in Summer 2007 with a second class honours degree in Law. He is currently studying Sports Law at King’s College London. His program allows him to meet high credentialled professionals in sports business, including some heavy hitters involved with the preparation of the 2012 Olympics that will be held in London. Side note: he likes to be called by his full name.
Last, I want to remind everyone about the new right hand sidebar. Make sure to check out the brand new subscribe by email feature. To get there, click on Subscribe and you should see a textbox on the drop down. Insert your email address, click subscribe, and you are set.
-Darren Heitner
p.s. – Rest In Peace, Sean Taylor. I give my best to his friends, family, and agent (Drew Rosenhaus).
7 replies on “Introducing James Alexander Taylor”
What are an agent’s responsibilities when a client passes away like Sean Taylor. Is he responsible for fighting for benefits for the family? What can you expect Drew to do?
You hope that Drew took care of Sean’s estate planning before this tragedy occurred. The NFLPA also offers a life insurance policy:
Rookies receive $150,000 coverage at no cost.
Veterans’ life insurance coverage increases $30,000 per year up to a maximum of $300,000.
http://www.nflpa.org/RulesAndRegs/PlayerBenefits.aspx#2
Any guaranteed money left on Taylor’s contract should go to his estate. Rosenhaus will be able to take his commission on any money that he was able to procure for Taylor in his contracts.
Matt points out the life insurance policy that Rosenhaus may have prescribed for Taylor. Marc Isenberg takes a deeper look into the life insurance coverage issue in his book Money Players (http://sportsagentblog.com/?p=812)
Does Rosenhaus even handle estate planning or is he just straight up marketing/contract negotiation?
It is unlikely that he handles it himself. But as a “full service” agency, one would imagine that he should advice his clients to the proper person to handle their estates.
Jason Rosenhaus is a licensed attorney, while Drew went to Duke law school but never took the bar. I would venture to say that as a full service agency, there is no reason why they couldn’t provide estate planning via Jason for their clients. Many agencies opt to farm this work out to outside counsel. I guess it really depends on the agency.
[…] Someone posted the rookie $150,000 policy (that covers the 2 cars in the garage of most of these players). Most financial planners will use a figure somewhere between 7 to 10 times one’s earnings (but also look at age, expenses and future earnings). Disability insurance is extremely expensive but worth every penny if you’re getting $50K per night that you pitch and you tear your rotator cuff. These guys have so few years to build a lifetime’s worth of earnings (which is why I have a problem with the NFL health benefits/pension for old timer’s; the abuse these guys bodies have taken is horrendous). […]