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:
“The whole idea of image is so confused. On the one hand, Madison Avenue is worried about the image of the players in a tennis tour. On the other hand, sports events are often sponsored by the makers of junk food, beer, and cigarettes. What’s the message when an athlete who works at keeping her body fit is sponsored by a sugar-filled snack that does more harm than good?”
—Martina Navratilova (b. 1956)
“The most durable thing in writing is style, and style is the most valuable investment a writer can make with his time. It pays off slowly, your agent will sneer at it, your publisher will misunderstand it, and it will take people you have never heard of to convince them by slow degrees that the writer who puts his individual mark on the way he writes will always pay off.”
—Raymond Chandler (1888–1959)