Law 421 Week 1 Sports Agency Essay
Chapter 1 Sports Agency
(Tuition & fees, room and board, books) Scholarship covers 2/3
Cost of attendance
Less than 10 school’s athletic program turn a profit
NLI- National letter intent
Who is a sports agent?
Advocate, marketer and negotiator
Not just for athletes- Coaches, Broadcasters, retired athletes, etc. have agents.
Qualifications:
Law Degree? Not necessary. No law or mandate that says an agent needs a law degree. Most do, though. Sometimes the law degree might be a hindrance. If you were an attorney, and also happened to be a sports agent, there are some ethical dilemmas. You can’t go up to someone who’s about to go be a big star and solicit them as a client.
Dictated by Big Four
The Big four leagues- MLB, NFL, NHL, NBA
All have players’ associations which set up the rules for …show more content…
Ron Prince
i. Secret Agreement with former AD
1. $3.2M if terminated prior to end of 2008
g. Jim O’Brien
i. Loaned Serbian recruit $6K ii. Could be fired for “material breach” – not defined iii. Debate on whether or not Serbian was eligible and whether O’Brien knew/actively recruiting iv. Court ruled the violation of NCAA rules was not a material breach
1. Could not terminate for cause
2. Obligated to pay liquidated damages
v. Special Sports Clauses
4. Hazardous Activity Clause
a. Meant to serve as a deterrent to players from partaking in activities that could injure them, resulting in playing time being missed.
b. Mitigate changes of injury outside of scope of gameo
c. Modify financial obligations if player injured as a result of involvement in hazardous activity
1. NBA SPK – “substantial risk of bodily injury…riding a motorcycle or moped”
d. What is a hazardous activity?
1. Celebration? Practical joke? Video games?
e. What would you prohibit?
5. Morals Clause
a. Also known as: “moral turpitude” or “morality” clause
b. Roots in the entertainment industry
c. Serves as a deterrent to misconduct
d. SPK and contracts with individual
(Tuition & fees, room and board, books) Scholarship covers 2/3
Cost of attendance
Less than 10 school’s athletic program turn a profit
NLI- National letter intent
Who is a sports agent?
Advocate, marketer and negotiator
Not just for athletes- Coaches, Broadcasters, retired athletes, etc. have agents.
Qualifications:
Law Degree? Not necessary. No law or mandate that says an agent needs a law degree. Most do, though. Sometimes the law degree might be a hindrance. If you were an attorney, and also happened to be a sports agent, there are some ethical dilemmas. You can’t go up to someone who’s about to go be a big star and solicit them as a client.
Dictated by Big Four
The Big four leagues- MLB, NFL, NHL, NBA
All have players’ associations which set up the rules for …show more content…
Ron Prince
i. Secret Agreement with former AD
1. $3.2M if terminated prior to end of 2008
g. Jim O’Brien
i. Loaned Serbian recruit $6K ii. Could be fired for “material breach” – not defined iii. Debate on whether or not Serbian was eligible and whether O’Brien knew/actively recruiting iv. Court ruled the violation of NCAA rules was not a material breach
1. Could not terminate for cause
2. Obligated to pay liquidated damages
v. Special Sports Clauses
4. Hazardous Activity Clause
a. Meant to serve as a deterrent to players from partaking in activities that could injure them, resulting in playing time being missed.
b. Mitigate changes of injury outside of scope of gameo
c. Modify financial obligations if player injured as a result of involvement in hazardous activity
1. NBA SPK – “substantial risk of bodily injury…riding a motorcycle or moped”
d. What is a hazardous activity?
1. Celebration? Practical joke? Video games?
e. What would you prohibit?
5. Morals Clause
a. Also known as: “moral turpitude” or “morality” clause
b. Roots in the entertainment industry
c. Serves as a deterrent to misconduct
d. SPK and contracts with individual