A sports agent procures and negotiates employment and endorsement contracts for an athlete.
In return, the sports agent generally receives between 4 and 10% of the athlete's playing contract, and 10 to 20% of the athlete's endorsement contract, though these figures vary. An NFL agent is not allowed to receive more than 3% of his client's playing contract, and an NBA agent is not permitted to receive more than 4% of his client's playing contract.
Read more about Sports Agent: Role, Media Depictions, Notable Former Sports Agents, Sports Agency Groups
Famous quotes containing the words sports and/or agent:
“Guys do not have a genetic blueprint that allows them to understand or love sports.”
—Lesley Visser, U.S. sports reporter and announcer. As quoted in Sports Illustrated, p. 82 (June 17, 1991)
“... in doing our psychology, we want to attribute mental states fully opaquely because it’s the fully opaque reading which tells us what the agent has in mind, and it’s what the agent has in mind that causes his behavior.”
—Jerry Alan Fodor (b. 1935)