You need an agent for the second contract and marketing connections now. Everyone knows what they're gonna get now that most leagues have the rookie caps etc. I remember 5 or 6 years ago some players just started hiring lawyers for negotiations. Whether they're a lawyer or agent their share of the player's income is capped at 2.5% in the NFL. I know NFL agents make their money back on the side deals (shoe contracts, ads, etc.) which is probably why Rosenhaus was shuffling cats to Rubin. He was making money on the backend. He had to be.
The snake Drew Rosenhaus leading his clients down the path to Brokeville, USA
- Thread starter pete clemenza
- Start date
You need an agent for the second contract and marketing connections now. Everyone knows what they're gonna get now that most leagues have the rookie caps etc. I remember 5 or 6 years ago some players just started hiring lawyers for negotiations. Whether they're a lawyer or agent their share of the player's income is capped at 2.5% in the NFL. I know NFL agents make their money back on the side deals (shoe contracts, ads, etc.) which is probably why Rosenhaus was shuffling cats to Rubin. He was making money on the backend. He had to be.
Exactly, Players that are going top ten should be forced to take a finance class, Even if they don't take the class in the fall, the season is over before spring semester starts, they could easily sign up for money classes, because they don't even get drafted until the summer.
sometimes agents handle everything business wise with the athlete. it could get time consuming. plus you'd probably need to be savy with numbers and have some experience dealing with teams.
now I havent read the story but they invested in a casino in alabama? gambling is illegal here and they try to shut down bingo casinos all the time. a quick 5 min google search would tell you this is a bad investment
i guess if you're a player looking for endorsements and shyt then yeah an agent could be helpful. but still if you're that good shouldnt the endorsements be coming to you?
But why would you need an agent when you can learn how to negotiate contracts, the same way an agent does, If a player knows and understands that he is getting underpaid, he definitely should take it upon himself to learn how to get the best contract for himself. And how hard is it for a top player to call Nike or Under Armor and ask if they would like for them to endorse their product?
2.5% aint bad. but why the fukk should a player give up they're bread for someone to be the middle man. i just dont believe in that i guess.
The NFL protects them as much as they can. They have the percentage agents can make locked. They have a certified list of finance managers. They have a rookie symposium warning them about all of this. (that some of those doofy ass nikkas fall asleep in)
I hate saying this cause I was a football player, but some of them cats is just plain dumb about everything non-football. Like can barely understand the concept of supply and demand, but can tell you every play in a playbook from memory and every starter of every team in their division. Steve Smith got an internship at an investment bank during the offseason a couple years ago. Some of the other cats aren't built for that and need people watching their money. I'm naturally paranoid about my money so I wouldn't just give control like that. I'd wanna know if they bought a pack of postage stamps.
PortCityProphet
Follow me to the truth
yea but then you'd have to see the market for other players are getting for similar endorsements. try to get all you can out of the company cause they'll try to get you for cheap as possible especially if they see you're an inexperienced athlete in negotiations. a player could do it but they get an agent to handle it for them. they can worry about their game while their agent handles everything else.
Not all of them are snakes. It's easy for Cam Newton to wait for Nike to approach him, but every single player in the league has an endorsement contract from a shoe/car/watch/jewelry company that they're weren't getting unless they had an agent. TO wasn't always TO making TO money. First, he was Terrell Owens from back water ass Chattanooga University and that's the way it is for everyone outside of the first 64 picks every April. Even Nike was punking Jordan until Falk came through and crushed the buildings. The agents have a use. The athletes are easy targets though.
MegaTronBomb!
Power is in my hair nikka
Daunte Culpepper being his OWN agent isnt a good example,isnt he broke?
He aint broke... the fact he doesn't have an agent is why he doesn't have a job in the NFL as a backup somewhere.
an agent is only really needed when you're not a high pick, or you're trying to market yourself for endorsements to have side money...or you're a functioning illiterate who cant do shyt but play football and lift heavy things
Man stop it, their job is equivalent to a nine to five/8 to 10 hour a day job of the average American, although its a great paying high profile job. They got time to stop at a bank once a week nicca
mastermind
Rest In Power Kobe
They got time to stop at a bank once a week nicca
no they dont
daboywonder2002
Superstar
checking acct, savings acct, ,401 k retirement, life insurance, great benefit package, what else do u need
This. I think a lot of folks would LOVE to give most of these NFL players the benefit of the doubt but look at some of the decisions a lot of these high-profile athletes make in life OUTSIDE of their financial dealings.
Expecting a potential draft pick to take finance courses and fully grasp the material while traveling, strength-training, practicing, partying
, playing games, and getting ready for the combine MAY be asking a bit much. The idea of paying someone a cut to figure most of it out might just seem less intimidating/overwhelming to a lot of cats.
Don't want to underestimate them...I'm sure there are exceptions but what was that stat on how many guys go bankrupt after retiring?
I wonder what things would be like for these now broke players if they hired an accountant to keep track of their earnings? The agent should be there to work out all of the deals for that player's behalf and that ONLY. The end of the day, the accountant should be there to make sure everything's straight. I know its the player's choice in what to do, but it wouldn't hurt to have someone track his investments at the end of the day. Businesses have cpas, athletes are their own business as well.