http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/ Sports Business, Sports Law, Sports Negotiations, NCAA Rules Thu, 01 Dec 2011 15:23:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/#comment-59575 Kyle Wed, 19 Dec 2007 23:41:47 +0000 http://www.sportsagentblog.com/?p=905#comment-59575 Just refer them over to me. Retired Sports Stars Fund I will take care of them. Just refer them over to me. Retired Sports Stars Fund I will take care of them.

]]> http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/#comment-59553 jason Wed, 19 Dec 2007 19:18:53 +0000 http://www.sportsagentblog.com/?p=905#comment-59553 Yeah that's a possibility you'd fully disclose to the client in advance and get a waiver on. But I'd also say that if you didn't feel competent in the matter you should feel obliged to say so and recommend someone who is... Yeah that’s a possibility you’d fully disclose to the client in advance and get a waiver on. But I’d also say that if you didn’t feel competent in the matter you should feel obliged to say so and recommend someone who is…

]]> http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/#comment-59543 Darren Heitner Wed, 19 Dec 2007 16:43:01 +0000 http://www.sportsagentblog.com/?p=905#comment-59543 I do not think it is a conflict of interest as much as it may be out of the scope of employment. However, standard representation agreement has a length on it and needs to be re-negotiated/re-signed every year, 2 years, 3 years, etc. If the agent feels comfortable handling retirement issues and the client wishes to allow the agent to remain in his capability, then there is no problem with the relationship. In fact, the agent's job may be to refer the client to a good financial planner within the new scope of employment. I do not think it is a conflict of interest as much as it may be out of the scope of employment. However, standard representation agreement has a length on it and needs to be re-negotiated/re-signed every year, 2 years, 3 years, etc. If the agent feels comfortable handling retirement issues and the client wishes to allow the agent to remain in his capability, then there is no problem with the relationship. In fact, the agent’s job may be to refer the client to a good financial planner within the new scope of employment.

]]> http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/#comment-59541 Jason Peck Wed, 19 Dec 2007 16:17:45 +0000 http://www.sportsagentblog.com/?p=905#comment-59541 Do you think there is a conflict of interest in helping with an athletes retirement and issues outside of sports? Would it be better just to refer your clients to the right financial planner or someone else whose specialty is in helping people with this type of thing--rather than take on something that agents may not be prepared/trained to handle? Do you think there is a conflict of interest in helping with an athletes retirement and issues outside of sports? Would it be better just to refer your clients to the right financial planner or someone else whose specialty is in helping people with this type of thing–rather than take on something that agents may not be prepared/trained to handle?

]]> http://www.sportsagentblog.com/2007/12/18/where-does-the-duty-end/#comment-59522 Drew Wed, 19 Dec 2007 13:36:26 +0000 http://www.sportsagentblog.com/?p=905#comment-59522 Darren you are right on. This issue is one of the most important to me as well and it is our duty as agents to help all of our clients set up their future outside of professional sports. The fact that ANY professional athlete goes bankrupt is disturbing and it certainly reflects poorly on our profession. Darren you are right on. This issue is one of the most important to me as well and it is our duty as agents to help all of our clients set up their future outside of professional sports. The fact that ANY professional athlete goes bankrupt is disturbing and it certainly reflects poorly on our profession.

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