Nfl Com Official Site Of The National Football League 10 Tips to Choose Between Sports Agent Firms

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10 Tips to Choose Between Sports Agent Firms

Is the agent or agency hiring you registered to practice as an agent or agency in your state?

For the NFL, sports agency firms must be registered with the National Football League Players Association (NFLPA) to negotiate a contract for a player. The Uniform Athlete Agents Act, or UAAA, is a state law currently recognized by 40 states (as of April 2011), in addition to Washington DC and the US Virgin Islands, that governs the practice of recruiting agents.

The purpose of this Act is to create uniformity in the way sports agency companies engage and communicate with potential clients. Part of the law requires that sports agents be registered in each state in which they recruit athletes.

If you are in a state where the UAAA is not recognized, ask them if they are registered in that particular state (if applicable). If you are already a professional athlete, the potential agent(s) do not need to be registered in your state.

Have you ever been disbarred, suspended or disciplined as an attorney or agent?

While sometimes bad things happen to good people, it’s good to know if your sports agency has ever been disciplined, suspended, or disbarred (if they’re also an attorney). Study the attorney or agent and feel free to share what you learn. There may be a good explanation for what happened, but the important thing is that you are comfortable with them and their experience.

How much is your fee? Is your fee appropriate? How and when will you bill me for your services?

Do you provide any type of annual report to your clients?

Sports agency companies usually charge a percentage of the value of the contracts they negotiate on behalf of players. Often this payment is limited. For example, in the NFL (National Football League) and UFL (United Football League), these fees are capped at 3%, meaning agents’ commissions cannot exceed 3% of the total value of the negotiated contract.

However, you can request to pay the agent an hourly rate if it is agreed upon. Ray Allen, now of the Boston Celtics (NBA), is said to have saved himself more than $2.8 million in 1999 when he negotiated his contract with the Milwaukee Bucks by paying Johnnie Cochran $500 an hour.

Who do you work with in terms of athletic training? Who did they prepare for the factory in the past? Who will pay for my training?

Today, sports agency companies usually pay the bill for the preparation of the combine and professional preparation for the exact selection of the draft. Some athletes choose to stay in school and train for these events, while others prefer to travel to remote locations to train.

It is important to make sure that you and your potential representatives understand where you will train, who will train you, and how much it will cost, as well as if there are any fees associated with your financial responsibility.

Your career is at stake, so it’s important that you research the experience and expertise of the person you’re teaching there.

What types of financial services do you provide? Do you receive any referral fees from the financial advisor you recommend? Can I use my own financial planner or accountant?

Sports brokerage firms sometimes receive bonuses or commissions for referring clients to specific financial advisors. This practice should certainly raise concerns about whether or not the agency will refer to that financial advisor because of performance and quality of services.

Ask if they recommend a financial advisor. If they do, check their background. If you spot any red flags, raise your concerns with the agency or agent to see what they have to say. Sports agent companies that recommend financial advisors with dubious credentials should not necessarily be disqualified because they are (or should be) two separate entities. It’s also possible that they either don’t know about the violations themselves, or there’s a good explanation behind what you’ve found, other than it being a criminal act.

When interviewing potential financial advisors, find out if they use risk managers to assess the level of risk associated with their recommended investments. If your best interest is their true concern, they should have no problem with you having their recommendations reviewed by a third party. Financial advisors who represent NFL players must register with the NFLPA in the same way as agents.

NOTE: Never choose a financial advisor or sports agent just because they recruit you! Find the one that works best for YOU.

How many clients do you have now? How do you plan to meet my needs when dealing with your other clients?

The number of current clients of sports agency companies can vary greatly. You need to make sure that you are comfortable with the amount of customers they have now and will have in the near future. Such information can be useful in determining the amount of attention and time they can devote to your career.

Conversely, large sports agency companies have the infrastructure to still be able to provide quality time and attention to individual clients, so be sure to ask about their company structure in this regard.

If for some reason I am not invited, how can you help me increase my chances of being on a team?

Unfortunately, every year the prospects that were expected are not developed. There are players who were expected to be undrafted free agents who were not selected. Experienced sports agency companies will work with you to develop an action plan to assess worst-case scenarios.

Ask what plan they would have developed to evaluate the situation in which you were not selected or where you would have gotten if you had expected to be drafted.

Ask if similar situations have happened in the past and how they handled it.

What is your strategy for endorsement deals for a player like me?

Endorsement deals are much more difficult in professional football today than in years past. The best are reserved for star quarterbacks, especially those playing in big market cities. Marketing opportunities for medium players in small markets are very few.

The amount of weight you apply to a sports agency company is up to you, but it’s good to think about how few they are when judging sports agency companies.

How can you help me earn extra money from other opportunities?

Although confirmations are few and far between, the possibilities are still there. The main factor in getting these opportunities is great performance on the field, but there are other factors such as image and accessibility that increase your chances.

The best sports agent firms have internal or external resources that help clients improve public engagement through public service, free public speaking opportunities, social media strategies, interviews and other opportunities to make you accessible, personable and memorable. the eyes of the people.

How can you help me prepare for life after sports in addition to good financial management? What other clients have you helped with their careers?

Post-career support and guidance is a standard offering with today’s sports agency companies. The key is whether or not you are willing to listen and follow the instructions given. It’s one thing to say you’ll listen and you’ll be smart with your money, but it’s a different reality when you start getting huge checks. Ask the 75% of former NFL players who are broke within 3-5 years of leaving the NFL.

For more guidance and tips to help you become a knowledgeable and savvy professional soccer player (at and off the field, visit Get 2 The League today!

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