[QUOTE]Originally posted by Glove Man:
bb, here's a question for the search for the prospective advisor, it's kind of a "weed out" question....
Q: Do you listen to Jimmy Hendrix? If so, what's your favorite song?
Too many to pick just one. Dolly Dagger, Foxy Lady, room full of mirrors, Spanish Castle magic & obviously VOODOO CHILD(slight return) also done masterfully by the late GREAT Stevie Ray Vaughan & Kenny Wayne Shepard. ROCK ON!!!!!!!!!!!!!!!!
quote:
Originally posted by CubanLefty:
Voodoo- As I am looking at colleges one of the majors I am interested in in Sports Management. What exactly is require to become an agent in the professional sports business? Law Degree?
Thanks
There is really only one requirement to be an Agent. A client. If you have someone who is a professional athlete who trusts you enough to allow you handle their negotiations you can do the rest regardless of training, qualifications. There are people in the biz that are dry cleaners, accountants, stock brokers etc. Isn't necessary to be a lawyer.
quote:
Originally posted by yawallac:
Voodoo,
If my boys are ever fortunate enough to require an agent, call me. I for one want an agent that is very aggressive, somewhat arrogant, slightly abrasive and mean as a red-nosed spider! I want the strongest representation possible and quite frankly, I like your personality. If I want touchy-feely, I'll pet my cat.
Different strokes.
Thanks very much
"Do you know the story of Norby Walters and Lloyd Bloom? It seems on this board that you have been characterized in this light." PCX
Member
Thanks for your kind thoughts. Walters & Bloom were nasty characters, bribed players to sign with them then threatened to break their legs when they had second thoughts. In all my years in the biz, they have been the worst. Never gave a player so much as a stick of gum to sign with me. Just give everything I can in terms of info on where they stand & effort to get them the best deal humanly possible.
Member
Thanks for your kind thoughts. Walters & Bloom were nasty characters, bribed players to sign with them then threatened to break their legs when they had second thoughts. In all my years in the biz, they have been the worst. Never gave a player so much as a stick of gum to sign with me. Just give everything I can in terms of info on where they stand & effort to get them the best deal humanly possible.
I have a question to anybody that know the answer: If a player never signed with any agent the year he become pro, and one year later desire to hire one, does has him to pay the agent's fee anyways?...What about if the player expended the bonus already?
"Peace is, the respect for the other people's rights".
Benito Juarez
"Peace is, the respect for the other people's rights".
Benito Juarez
[QUOTE]Originally posted by Racab:
I have a question to anybody that know the answer: If a player never signed with any agent the year he become pro, and one year later desire to hire one, does has him to pay the agent's fee anyways?
No way Andre'
I have a question to anybody that know the answer: If a player never signed with any agent the year he become pro, and one year later desire to hire one, does has him to pay the agent's fee anyways?
No way Andre'
VC
It only takes a client to make an agent!!!!!
Really--no business acumen needed--just having a kid sign with you makes you an agent--only so far as you spell the word not in the true sense of an agent.
It has become such that we tell our players on our travel team to have anyone, and I mean anyone, other than a college coach who approaches them at an event to see us--the coaching staff only will talk to them. You will be surprised how quickly the "agent" vaporizes when told he has to talk with one of our staff.
That vaporization tells the kid and his parents all they need to know about that "agent"--
TRhit
It only takes a client to make an agent!!!!!
Really--no business acumen needed--just having a kid sign with you makes you an agent--only so far as you spell the word not in the true sense of an agent.
It has become such that we tell our players on our travel team to have anyone, and I mean anyone, other than a college coach who approaches them at an event to see us--the coaching staff only will talk to them. You will be surprised how quickly the "agent" vaporizes when told he has to talk with one of our staff.
That vaporization tells the kid and his parents all they need to know about that "agent"--
TRhit
[QUOTE]Originally posted by TRhit:
VC
It only takes a client to make an agent!!!!!
Really--no business acumen needed--just having a kid sign with you makes you an agent.
I was asked "What exactly is require to become an agent in the professional sports business?" & technically the answer I gave is accurate. I wasn't saying I agree with it or that's the basis of my biz.
I think that "screening" contacts with your players is a good idea. The "Agents" that evaporate aren't really Agents at all but "runners" who are out trying to recruit players for Agents.
VC
It only takes a client to make an agent!!!!!
Really--no business acumen needed--just having a kid sign with you makes you an agent.
I was asked "What exactly is require to become an agent in the professional sports business?" & technically the answer I gave is accurate. I wasn't saying I agree with it or that's the basis of my biz.
I think that "screening" contacts with your players is a good idea. The "Agents" that evaporate aren't really Agents at all but "runners" who are out trying to recruit players for Agents.
quote:
It is common to hear of higher percentages (10% or more) for agents involving Latin American players.
Is that true? And why?
quote:
Originally posted by Chapo:quote:
It is common to hear of higher percentages (10% or more) for agents involving Latin American players.
Is that true? And why?
Lack of education & desperation to have ANY chance to find someone to help them achieve their dream.
The good news is, once they learn, they can get rid of the guy who was gouging them on fees & a good Agent that will charge them a fee that is fair.
voodoochile
You have a private message.
"Peace is, the respect for the other people's rights".
Benito Juarez
You have a private message.
"Peace is, the respect for the other people's rights".
Benito Juarez
So Im hoping to get an update on the essence of the decade old mess that this thread turned into. What is a common range of agent fees these days? Do they depend on where you are drafted? Is that the same rate for any extra they find, such as endorsements, card company fees, ect? With the new slotting system, it seems a large part of the job is pretty much done in that the team has given you an idea of what they expect to pay in bonus by where you were selected. Any input on current agent fees would be appreciated.
3-4% is norm but make sure that this is part of the discussion before you commit, which is after your son is drafted. You can have this discussion beforehand.
That will be it until your son signs a ML contract.
If your son gets a good draft position a card deal and some endorsements could cover that cost or most of it.
Agents don't collect fees on endorsements until after 10K, which is at the ML level.
Find someone who will stick by your player through the good times as well as the difficult ones. Not sure where son would be without his guy.
highcheese, its been a few years since my son signed with his agent however I believe the percentage was 4%. The percentage was only taken out of the signing bonus and card deals ...nothing from the value of equipment/clothing deals what was actual merchandise and not cash payments. Hope this helps.
Thx Jersey and TPM So the fee is on bonus money now, and playing things out to the hopeful future, the fee will be on salary should he be fortunate enough to grab a cup of coffee or two? Is that total salary or just what is over the bare minimum? There should be no fee taken from the meager minor league earnings, correct? I understand that all situations are unique, but what should we EXPECT as a standard type of service level, you know the things every agent should do? Thanks for your time guys, and GL to your boys this season.
If he signs with an agent after the draft and that agent has provided assistance and guidance in understanding the draft, then it would be a percentage of the signing bonus.
Then he will never pay him another dime until his first ML contract which is 3-4 years (I think) after his enters ML.
My son has a great agent, he has been by his side since son signed with the agency. They also do his taxes, but they will not advise for finances. That's a conflict of interest.
If your son sits down with an agent, there is a list of specific questions one should ask. The agents that will seek out your son will be determined by how he might fall in the draft or his future potential. he should discuss what it is they will supply to him, card deal, etc.
OK, so here is another one that im sure some have had experience with. AN agent is telling son that since he has not decided on a particular agent yet--he does have a couple of choices--that some of the MLB teams are starting to doubt his plans to leave school early. (believe me hes been ready, and he has made that clear to every team that asked) Seems like nonsense to me, unless its not? We all know kids that have been drafted, early and late, that havent had agents, so im not sure what this guys game is. Is he looking for an angle, or am i missing something?
Get an advisor rather than an agent. The player doesn't lose his amateur status and right to return to college
Seems like a scare tactic to me...if any team expresses their concern to your son he can tell the teams that he is narrowing down his choice for a advisor/agents. This will re-affirm that he is serious about the draft and it also lets the teams know that multiple advisor/agents are wanting to sign him.
I'm sure your son already understands this however make sure he doesn't sign anything prior to being drafted or accepting an offer. Once signed, he's got an agent and not an advisor which will affect his eligibility. Exciting time...hope he/you are enjoying the moment. 
Much as I suspected. I understand with the new rules, signability is a prime concern, but not to the point of hurry up and have an advisor. Thanks for the correction RJM. And while a bit exciting, I think we all want to get back to just playing--and watching--some baseball. Also as a PS, nice outing by the Duke lad tonite for the Nats!
