By Robert H. Ruxin
Presents athletes, coaches, households and their advisors with clever, useful suggestion on opting for an agent.
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Additional info for An athlete's guide to agents
NBA guard Otis Birdsong once had a contract with the Cleveland Cavaliers that paid him $850,000 annually plus fifty cents per ticket for the five thousandth through fifteen thousandth tickets sold each game. 8 million. Kareem Abdul-Jabbar's four-year Lakers contract granted him use of the Forum one day each year. 6 million per year Page 7 contract signed in 1985 required the Orioles to use "best efforts" to play on natural grass as long as Murray remained on the team. 37 and thirty-seven boxes of Jell-O.
About 75 percent of the NBPA registered agents do not represent an active NBA player. Of some 80 agent firms with at least one client on a 40-man baseball roster, 10 firms represent about half of the more than 1,000 players. The rise of the agent has coincided with extraordinary increases in players' salaries. The financial gains are primarily the result of the drastically increased bargaining power of the athletes and, to much a lesser extent, the negotiating skills of agents. Owners can better afford higher player salaries due to their multimillion-dollar national television contracts and rapidly increasing cable and foreign television revenues.
Just recently, a head coach at a major sports university related how agents have hired students on his campus to solicit their fellow students. Even as the Heisman Trophy winner, I didn't need an agent to tell me that I would do better to play touch football at Harvard Business School than accept George Halas' offer to join the Chicago Bears. A No. 1 pick in 1952 signed for less than $10,000, not $1 million. Top athletes received support and guidance from family, coaches, and older friends who helped make the transition relatively smooth.
An athlete's guide to agents by Robert H. Ruxin