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:
“Even from their infancy we frame them to the sports of love: their instruction, behaviour, attire, grace, learning and all their words aimeth only at love, respects only affection. Their nurses and their keepers imprint no other thing in them.”
—Michel de Montaigne (1533–1592)
“I wish not to be given a title or an appointed position. I can and will do more good if I were made a Federal Agent at Large, and I will help best by doing it my way through my communications with people of all ages. First and Foremost I am an entertainer but all I need is the Federal Credentials.”
—Elvis Presley (1935–1977)