CCJ-3011 Lecture 2: 2.Sports Agent Lecture Student Version (3)
2 Dec 2015
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Sports agents: history of sports agents, book review, athlete agent vs. sports agent are not synonyms. Athlete agent is the jerry mcguire type who represents professional athletes, team specific moves. Sports agent does tax-planning, prenuptials: full-service firm - octagon, img. Firms that do everything for athletes pay their electric bills, file taxes, etc. One-stop-shop : conflict of interest, example #1 pro sports leagues (nba) has a salary cap. If you represent two players on same team you"re working against your other player: example #2 donald dell. Represented #1 and #2 players in tennis, owned tournament, and did color commentating for the tournament. Negotiating against himself because he represented the players and he represented the tournament: federal regulation - 2005, lombardi story. Lombardi historically negotiated all contracts until a player brought an agent in to his office. Lombardi traded him to philly: five reasons for growth of sports agent industry, demise of the _ reserve clause.
