Draw On Legal New York Sports Agents, Etc. Forms For Free

Sports agents generally receive between 4 and 15% of the athlete's playing contract, and 10 to 20% of the athlete's endorsement contract, although these figures vary. NFL agents are not permitted to receive more than 3%, and NBA agents not more than 4%, of their client's playing contracts.

The world's leading sports agents closed contracts totaling more than $41.2 billion in 2020, netting $1.9 billion in commissions, including several deals that are within the strike zone of $500 million for a single athlete. Scott Boras reclaims the top spot this year.

It makes it unlawful for an agent to directly or indirectly recruit a student athlete by giving any false or misleading information, making a false promise or representation, or providing anything of value to a student athlete, or anyone associated with the athlete, before he or she has entered into an agency contract.

[1] SPARTA is an acronym that stands for The Sports Agent Responsibility and Trust Act of 2004. [2] See 15 U.S.C. §7801 (2008). An athlete agent is someone who enters into a contract with a student-athlete, or directly or indirectly recruits or solicits a student-athlete to sign an agency contract.

It makes it unlawful for an agent to directly or indirectly recruit a student athlete by giving any false or misleading information, making a false promise or representation, or providing anything of value to a student athlete, or anyone associated with the athlete, before he or she has entered into an agency contract.

Ultimately, they stay organized so that they can help the athlete reach their goals as quickly as possible. Agents know how to negotiate contracts. They'll make sure that you're getting what's in your best interest. They'll advise you when it comes to bad contracts as well as ones that are good for you and your future.