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Contract Negotiation

Value of Signing Bonuses

In the NFL, there is no such thing as a guaranteed contract. The NFL is the most important league to look at when delving into the signing bonus arena. The strong likelihood of player injury coupled with a hard salary cap on teams provide an atmosphere where owners refuse to sign no-cut contracts (thus, the […]

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NBA Players NFL Players Nightmare Clients of the Week

Nightmare Clients for the Week of July 16th-July 23rd

Sam Perkins and Detlef Schrempf, step to the side. Your one-time Seattle Supersonics teammate, Shawn Kemp is busy ruining his image after helping you to a 64-18 record in 1995-1996. Before we get into the nightmare clients, please enjoy this clip of Kobe Bryant picking off Detlef Schrempf in 1999. I think I speak for […]

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MLB Rules Sports Agents

Not Quite Marriage

Between baseball players and their agents.  The only form of commitment that binds a player to a Sports Agent is an “agent authorization form,” which is completed once a year by each player, but can be discarded at any time during the year.  Any player can decide to have a different agent representing him/her for […]

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Social Networking

Clients on Social Networking Sites

Should you allow your client to have a profile on Facebook, Myspace, insert any other social networking site here? If you ask Scott Schafer, currently playing for the rookie level Gulf Coast Mets, he would say no. That is because the information that he had on his MySpace page led him to get dropped by […]

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Sports Agents

2 New Sports Agency Links Added

John Boggs & Associates, Inc. & Legends Management Group.  They are now listed along with many other Sports Agency Sites on the “Pages & Links” tab. I have spent a ton of time compiling the list of Sports Agencies that are listed under the “Pages & Links” tab.  This site has one of the most […]

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Contract Negotiation MLB Players NBA Players Soccer

Want to be an MLS agent?

You may not after reading these facts about player salaries. btw, MLS stands for Major League Soccer, America’s attempt to create a professional soccer league in the U.S. Looking at salaries alone, it seems that the league is has not reached nearly enough popularity so far, and needs a boost before players like Freddy Adu […]

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Contract Negotiation MLB Players MLB Rules

Incentive Clauses

From reader John Bristor: Scenario: Major League pitcher has a guarranted 1 yr contract with a no trade clause and performance bonuses based on number of games started. Pitcher and manager don’t get along, and Team A designates him for assignment, he clears waivers and is signed to a new contract by Team B at […]

Categories
Contract Negotiation

What Is A Salary Cap?

As someone interested in the sports business, it is important to know the background behind what limits the amount of money that your clients can accrue. Every American sports league besides MLB has a salary cap in effect to limit the amount that each team can spend yearly. Salary caps have been implemented to ensure […]

Categories
NBA Players

NBA Salary Cap Set

The salary cap for individual NBA teams in the 2006-2007 season has been set today at $53.135 million. The increase is $3.6 million above this past year’s cap. For a luxury tax to be placed on a team (the team would have to pay a dollar for every dollar above the number value), that team […]

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Uncategorized

The “Fire Letter”

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 […]