Comments on: Still Want To Be An NBA Agent?

By: theo

theo — Fri, 17 Jul 2009 06:15:55 +0000

Can someone tell me how to become certified as an agent …

By: jackpaper

jackpaper — Fri, 10 Jul 2009 14:56:02 +0000

2% of rookie deal, 4% of anything negotiated above 100%.

By: Young Preston

Young Preston — Fri, 10 Jul 2009 02:05:06 +0000

Darren, please look into this. I think there are restrictions specifically for (a) 1st-round picks and (b) minimum salary contract – in both cases agents are NOT permitted to take 4%. I am trying to do a google search to find where I read about this but am hoping you can provide the answers and help enlighten the readers. I am almost completely sure that agents are prohibited from taking 4% on the rookie's full salary and cannot do this for a guy who plays for the minimum. Good luck to all your clients. Your posts are great as always.

By: DarrenHeitner

DarrenHeitner — Fri, 10 Jul 2009 01:16:09 +0000

There is not much negotiating going on for first-rounders, but that being said, it is not a solid slot. As you mentioned, there is some leeway for agents to negotiate a contract a little above slot or a team may argue that the play gets slightly below slot. 120% on the high end. 80% on the low end. 120% is more common than 80%. Agents may take 4%, but most do not. There is heavy competition, and a first-round pick can easily find someone else who is willing to negotiate the deal for less than the maximum (4%). But do not get confused and think that just because most agents do not take the full 4%, that agents are prohibited from doing so.

Also, thanks for the complement.

By: Young Preston

Young Preston — Fri, 10 Jul 2009 01:00:54 +0000

Thanks for the quick response. I appreciate it. I thought that only 2 years were guaranteed but wasn't sure. Also, for second round picks who sign minimum contracts, can agents really charge 4%? And for first round picks, I remember someone saying that agents cannot actually take 4% on rookie deals since the scale is set with not much negotiating to get the 120% maximum. I am not trying to call you out (I think you are a capable agent, especially in baseball), but can you please look into this? I don't think agents can get 4% of the total contract value each year for rookies.

By: Young Preston

Young Preston — Fri, 10 Jul 2009 00:15:46 +0000

Darren, what is the maximum commission that NBA agents are allowed to take on rookie contracts (for first round picks and for second round picks, if such comission is different)? Is Rovell accurate in saying that NBA rookie 1st round contracts are 3 years (how many years are guaranteed and how many years are at the team's option for rookie 1st round picks)? Thanks for you answers to these questions.