Not only are they a lot more fun than elevators, but making sure that you earn your client fair escalators in an NFL contract may make a difference in whether he gets paid any given year. With the high incidence of injury in professional football and no such thing as a guaranteed contract, agents have […]
Category: Contract Negotiation
This post is officially crowned as having the longest title ever! Anyway, once again, hat tip to Sports Law Blog for contributing its Sports Law Scholarship program and finding a gem for this blog to post some analysis on. The Law Review article under discussion is called: Maybe Jerry Maguire Should Have Stuck With Law […]
This is one of the interesting parts of the NBA’s salary cap that I discussed before. In brief, the exception allows a team to go above and beyond the salary cap in order a re-sign a free agent. The amount of the contract cannot exceed the maximum salary. The contract signed cannot be for more […]
As was reported last week by MLB.com, Luke Hochevar (1st overall pick in the 2006 MLB draft) has been signed by the Kansas City Royals and now has a 4 year Major League contract [Royals agree with top pick Hochevar]. Why is it particularly important that Scott Boras got his client a Major League contract? […]
The Sports Law Blog made a post on July 24th highlighting Phil Kessel’s (hockey player at University of Minnesota) contract negotiations with the Boston Bruins. An agent by the name of Wade Arnott is serving as an advisor instead of as an agent. He is not receiving any money for his services as an advisor, […]
Every year for the past 3 years, Sports Illustrated has published a list of the top 50 athletes when it comes to raking in salary, bonus, winnings, appearance, and endorsement money. It is interesting to see the type of endorsement money some of these athletes are making. Agents typically take a larger chunk of endorsement […]
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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 […]
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 […]
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 […]
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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 […]