For those of you who have advisors/agents or hope to one day be in that situation, I offer the following:
My son graduated from HS in 2001..he had an "advisor/agent" his senior year of HS. Technically, your "advisor/agent" cannot "earn" any part of your signing bonus(in most cases)because until you actually sign a pro contract(by-passing college or from college) you do not have a legal representative, merely an "advisor" with no signed contract as an agent.
Once you sign(out of HS or College) your "advisor" is now an AGENT and from that point forward there are various scenarios where the AGENT earns a %. i.e. the agent negotiates a contract(and you get paid the $) above the MLBleague minimum..he gets a percentage of the amount above the league minimum, if you earn the league minimum, the agent is working for you for free. Or..the agent arranges various "endorsements", usually the agent does not begin to earn any portion of the "endorsement" until he has secured you a SET AMOUNT of $ in "endorsements", in my son's case, he had to have over $20,000 in "endorsement" contracts before the agent "earned a % of the amount over that. For most players(unless you are one of the "superstars") you are not going to get all that much in endorsements during your first 3 years of MLB time.
So...Finally(if your player is lucky enough) the agent gets an opportunity to EARN his % when/if a player makes it to their arbitration year(and beyond, hopefully)!
By midnight on Friday the 12th of December 2008, my son will be offered arbitration(or not)...at that point, nearly 8 years after signing as a professional ball player out of HS, my son's agent will finally get an opportunity to EARN some $ for himself and his agency!
Baseball is a tough game for those that play but it is also a tough game for those that aspire to represent players as their AGENT. My son has been very fortunate to have a really great agent with a very good organization...they have kept their faith in him through some less than encouraging times.
Hope that anyone else that is fortunate enough to choose to play professional baseball is also lucky enough to have as good an agent as my son has had!
Just an FYI from my perspective(and a limited one at that)!
Original Post