Shabbat Shalom: Friday Wrap-Up (4/23/2010)

Johnny Lujan promoted to Triple-A, Carl Krauser helping his team in New Zealand knock off a formerly undefeated team, and my last class as a law school student. It has been an exciting week. That said, I need to now buckle down and study for my two law school exams (Cyberspace Law followed by Trade Secrets law). The NFL Draft coverage does not make my study efforts very productive. Thanks to Russell Scibetti for nominating SportsAgentBlog.com as the Best Sports Business Blog and Dynasty Athlete Representation for having the Best Sports Business Content. Just being nominated amongst the rest of businesses and blogs is an honor. Here are some stories I missed over the past week:

Basketball

My MUST READ for the week [NBA Labor Negotiations Breakdown].
I really liked that I saw out of this kid in the NCAA Tournament [BYU basketball: By not hiring agent, guard remains eligible for return to Cougars.].

Football

Brian Urlacher sure has nice things to say about him [Franklin-based sports agent Bill Johnson enjoys all phases of profession].

Baseball

Strong interest in preventing an “international draft” [Dominican Prospects Protest Reform].
It is becoming quite popular for teams to sign young pitchers to long deals [Data On Locking Up Young Pitchers].
The guys who will finally be making their agents some real money [First Time Arbitration-Eligibles].

Soccer

The CEO of Athlete Resource Management (ARM) [Rote Jr. elected to US Soccer Hall of Fame].

Sports Business

Conglomerate discussion may soon have a newcomer in Lagardère [Saddlebrook may partner with French firm Lagardère].

http://www.kylestack.com Kyle Stack

Hey, thank you for the link to my NBA labor negotiations story.

http://www.sportsagentblog.com Darren Heitner

It was awesome. Great work.

Cameron Chung

Hey Darren, I was wondering if there is a standard percentage that agents take from their clients contracts in each sport? And if there is a standard percentage that agents take from endorsement contracts and other outside deals as well? And if all of this is the only way that agents make their money? Thanks for the help.

http://www.sportsagentblog.com Darren Heitner

The cap in the NFL is 3% and the cap in NBA is 4%. Some agents will charge less to remain competitive. Some even charge by the hour, which comes out to much less than the fee had the agent charged on a contingency fee. In baseball and hockey, the standard is 5%. I’ve seen everything from 5%-80% on endorsement contracts. But most common is something between 10-25%, with 15-20% being even more common. If you limit yourself to these kinds of deals, then yeah, this is how an “agent” would make his money.

Cameron Chung

So endorsements is where the big money is made.. thanks for clearing that up!

http://www.sportsagentblog.com Darren Heitner

Yes but very few players get the bulk of the endorsement money.

Cameron Chung

what do you mean?

http://www.sportsagentblog.com Darren Heitner

While Derek Jeter, Albert Pujols, and Ryan Howard might make good endorsement money, there are many very good baseball players who don’t see much come their way outside of the field of play.

Shabbat Shalom: Friday Wrap-Up (4/23/2010)

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