I am no expert on this topic but will relay my understanding from what was presented to me.
keewart posted:Consultant posted:Jimt
ask agent to be paid by the hour.
Bob
Bob, with all due respect, I have never heard of this. Only percentages.
Now, those percentages may be all over the board!
If an advisor is paid BEFORE the draft he then becomes an agent, and the player looses his amateur status. (I am pretty sure of this?)
My understanding is what Keewart said, you pay an advisor anything then you lose your NCAA elibility. I do believe a high school senior can do certain things but check it out. As a general rule advisors get nothing in return for advising. They do it for free. Only after the draft if they become your agent do they get compensated, and it's for being your agent not for anything done as an advisor. Thus unless you are predicted to go in the upper rounds of the draft, it might be difficult finding an advisor to work with you. Of course some advisors will give basic advice. Make sure you understand the regulations, it would be terrible if you son loses his eligibility.