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Sports agent

Representative for professional athletes From Wikipedia, the free encyclopedia

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A sports agent is a legal representative for professional athletes and coaches who negotiates employment and endorsement contracts on their behalf. Sports agents may also assist with financial planning, legal coordination, and marketing matters, often working alongside lawyers, accountants, and brand managers.[1]

Description

Sports agents act as intermediaries between athletes and sports organizations, handling contract negotiations, sponsorships, and related business affairs.[2] Larger firms such as Creative Artists Agency, Roc Nation Sports, and Octagon may also manage brand partnerships, licensing deals, and media relations for clients.

Because professional sports contracts can be complex, many agents have strong backgrounds in law, business, or finance. They are expected to understand salary-cap systems, league regulations, and the economics of sports labor markets.[3] Agents typically represent multiple clients at once and may begin advising athletes while they are still amateurs or college players, in compliance with relevant league or state rules.[4]

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Regulation

In the United States, the conduct of sports agents is governed through both state law and league certification systems. Most states have enacted the Uniform Athlete Agents Act (UAAA), which requires registration, disclosure of fees, and written contracts between agents and athletes.[5] Professional players’ associations such as the National Football League Players Association and National Basketball Players Association require certification before an agent can negotiate player contracts.[6]

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Media depictions

Films such as Jerry Maguire, Two for the Money, and Any Given Sunday depicted sports agents. In England, ITV's Footballers' Wives included a female agent Hazel Bailey. The television show Ballers, which started in 2015, also shows a strong depiction of sports agents.

Notable sports agents

American football

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Football agent Drew Rosenhaus
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Football agent Leigh Steinberg

Australian football

Baseball

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Scott Boras

Basketball

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David Falk

Cricket

European basketball

Association football

Golf

Ice hockey

Motorsport

Olympics

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Notable former sports agents

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Joe Kehoskie
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Sports agency groups

Summarize
Perspective

There have been some efforts to transform the sports agency business from an individual, entrepreneurial business, to more of a corporate structure. These experiments met with varying degrees of longevity and success.

Formerly active agencies

Some sports agency firms were once prominent, but are now gone or reorganized:

  • Assante Corporation – Canadian public company that acquired the Steinberg, Moorad & Dunn agency, then acquired other than agencies including Dan Fegan & Associates and Maximum Sports Management in an unsuccessful effort to build multi-sport corporate agency.[53]
  • SFX Entertainment (now Live Nation, a publicly traded company) – in 1998 SFX agreed to pay up to $150 million in cash, stock, and bonuses for F.A.M.E., the sports agency run by David Falk, the agent for basketball players Michael Jordan and Patrick Ewing. SFX also acquired two other major sports agencies, Arn Tellem's agency (Tellem & Associates) and the baseball-oriented firm run by Randy Hendricks and Allan Hendricks.[54] SFX would later reverse course, and sell off the pieces of its large sports agency business.
  • Steinberg, Moorad & Dunn ("SMD") – a multi-sport agency sold in October 1999 for reported $120 million to Canadian financial firm. Defections of principals, and litigation, followed. Originally led by entrepreneurial agents Leigh Steinberg and Jeff Moorad.[55]
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See also

References

Further reading

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