Before deciding which sport you want to specialize in as an Athlete Agent, it is important to understand the maximum commission available on player contracts. These cap on Agent fees are only regarding team contracts, and Sports Agents may charge a different fee for marketing endorsements (usually 15%-25% as a rule).
Here are the current fee regulations:
MLB – no cap
NFL – 3%
NHL – no cap
NBA – 4%
It is rare to see a Sports Agent get the maximum percentage in an NBA contract. Recently, there was a push by NFL players to lower the maximum percentage that an Agent may receive in an NFL team contract from to 2%. It did not pass, however, and the ceiling remains at 3%.
For more information about the recent ruling made by the NFL Executive Committee, check out Show Me 97 Percent of The Money: NFL Agent Maximum Fee to Remain at 3 Percent. It includes an interesting statement by Kellen Winslow, Sr. that I am not sure I agree with.
[tags]mlb, nfl, nba, nhl, fee regulations, sports agents, nfl fee[/tags]
2 Comments
These caps just make it easy for the H.S. grads entering the leagues to do the math
this site rocks. it has help me alot in gaining valuble infomation. thank u guys
3 Trackbacks
[...] Also, the raise in player salaries should be looked at alongside the salary caps in the 4 sports. It seems that contracts in baseball will always be much larger than in the other major American sports. [...]
[...] NBA: Highest paid player = Shaquille O’Neal – 2005/06 Salary: $20 million – 4% Commission (capped): $800,000 10th highest paid player = Michael Finley – 2005/06 Salary: $15,937,500 – 4% Commission (capped): $637,500 [...]
[...] Collective Bargaining Agreements – General Contract Provisions (ex: minimum player salary, maximum agent fees, etc.), Merchandising and Licensing Rights (ex: endorsement or appearance issues), Standard Form Contracts, Scope of a Commissioner’s Authority. [...]