By Robert H. Ruxin
Offers athletes, coaches, households and their advisors with clever, useful recommendation on deciding upon an agent.
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Additional resources for An athlete's guide to agents
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The exception is a loan to buy disability insurance. * The NCAA rules governing amateurism and the relationships between college athletes and professional sports agents are set forth in the manual of the National Collegiate Athletic Association. This book is revised annually in March. Page 1 Chapter 1 Defining Agent In 1993, baseball, basketball, football, and hockey players will pay their American or Canadian agents more than $100 million for negotiating their contracts. Agents in Europe and North America receive even more each year from golfers, tennis players, Olympic stars, and auto racers for endorsement and career management services.
Charles Gladman, a University of Pittsburgh running back, lost his college eligibility and became a middle-round choice in a supplemental draft. Alabama basketball center Derrick McKey was declared ineligible for similar violations, and his school forfeited $253,447 in NCAA television money (much of which Alabama recovered in a plea bargain after the state's attorney general prosecuted the agents). Other players who agreed to repay an agent for a modest loan have received suspensions for part of a season.
Allow An athlete to retain an agent specifically limited in writing to representing him or her in those sports in which he or she competes as a professional. Allow An athlete to retain an attorney for matters of a personal nature, including evaluating the terms of a proposed professional contract, providing the attorney does not represent the athlete in negotiating such a contract and has no contact with the pro sports organization and does not market the individual's athletic ability or reputation in a particular sport.