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A sports agent is a legal representative (hence agent) for professional sports figures such as athletes and coaches. They procure and negotiate employment and contracts for the athlete or coach whom they represent. In addition to contract negotiations, sports agents may also help their clients with financial planning, legal issues, and marketing. They may work closely with financial advisors, lawyers, and marketing professionals on behalf of their clients.


Description
Because of the unique characteristics of the , sports agents are responsible for communications with team owners, managers, and other individuals. In addition to finding income sources, agents often handle matters for their clients. In some large sports agencies, such as IMG, Creative Artists Agency, Roc Nation Sports and Octagon, agents deal with all aspects of a client's finances, from investment to filing taxes.

Sports agents may be relied upon by their clients for guidance in all business aspects, and sometimes even more broadly. For example, hockey agents start recruiting clients as young as 15, allowing the agent to guide the athlete's career before the NHL draft, which happens usually at 18 years of age.

Due to the length and complexity of contracts, many sports agents are lawyers or have a background in contract law. Agents are expected to be knowledgeable about finance, business management, and financial and risk analysis, as well as sports. It is important for a sports agent to follow trends in sports. Other skills an agent must possess are excellent communication and negotiation skills. Agents must be highly motivated, willing to work long hours, and capable of multitasking. It is very common for agents to be in negotiations on behalf of several clients at one time. Job Profiles.org – description of roles of sports agent and some educational programs to prepare for the field

Some agents are part of large companies, and some are on their own. An Industry Of Conglomerates Sports Agent Blog, July 16, 2007 The number of clients an individual agent can handle and how many clients his or her employing agency can handle in total are interdependent variables.

Before the 1990s, most football players did not use agents. In some cases, they used their parents as agents. Because of most parents' naivety about the football business, these footballers were often given less-than-stellar contracts by football clubs, which yielded lower salaries than they thought they deserved. "The Big Interview: Neil Webb" Sunday Times, November 28, 2004, interview with soccer/football player In Sweden, there were only three licensed agents in 1995. "Market Saturation of Agents" , May 23, 2002, note: source can be translated into English on the website As of 2002, there were 33. According to , there were 5,187 licensed association football agents worldwide, with 600 agents in Italy alone. Since 2001, agents have not been licensed by FIFA. Instead, agents are now licensed directly by each association.

Sports agents generally receive between 4 and 15% of the athlete's playing contract, and 10 to 20% of the athlete's endorsement contract, although these figures vary. NFL agents are not permitted to receive more than 3%, and NBA agents not more than 4%, of their client's playing contracts.


Media depictions
Films such as , Two for the Money, and Any Given Sunday depicted sports agents. In England, ITV's Footballers' Wives included a female agent . The television show , which started in 2015, also shows a strong depiction of sports agents.


Notable sports agents

American football


Australian football


Baseball


Basketball


Cricket


European basketball
  • Miško Ražnatović: Serbian agent. Through his agency (), he mostly represents European basketball players and coaches as well as American players playing in Europe. He represents many highest paid European basketball stars in . His notable clients include Nikola Peković, Mirza Teletović, coach Dušan Ivković, Vassilis Spanoulis, Nenad Krstić, Dario Šarić, , Joffrey Lauvergne, Duško Savanović, Pero Antić, Aleksandar Ćapin, Marko Kešelj, Nihad Đedović, Novica Veličković, Milenko Tepić, Aleksandar Rašić, Raško Katić, İlkan Karaman, Emir Preldžić, Marko Simonović, Andrija Žižić, etc. Ražnatović was additionally involved in the ' transfer to Beşiktaş during the 2011 NBA lockout Nets Star Has Deal to Play in Turkey; The New York Times, July 7, 2011 and owns a basketball club KK Mega Vizura that competes in the Basketball League of Serbia.
  • Craig McKenzie: American basketball agent. Worked for Eugene E. Parker on . At 27, was one of youngest agents ever to have lottery pick in . Clients included three-sport athlete , and American International Basketball stars , , Bremer still leading the way in Europe Olean Times Herald and , some of the highest paid players in Europe at one time.[12] ESPN. Evan Alexander Demiriel. Retrieved July 23, 2011
  • Zoran Savić: Serbian agent. Through his agency (Invictus Sports Group), -based Savić represents coach Xavi Pascual, Milan Mačvan, coach Žan Tabak, Dalibor Bagarić, Ivan Opačak, etc.


Association football


Golf


Ice hockey


Motorsport


Olympics


Notable former sports agents
  • , basketball
  • (deceased): ice hockey, late president of Power Play International and Power Play Publications managing hockey careers and business interests of her husband and their sons and .
  • (now baseball consultant/executive): Small agency; frequent media appearances regarding and baseball in Latin America.
  • (deceased): Cuban-born horse racing agent. Clients included Laffit Pincay Jr., , Jorge Velásquez and .
  • (deceased): American golf agent, and principal originator of modern sports agency industry. First client was . Founded IMG (originally "International Management Group").
  • : Former baseball agent and former partner of , now baseball executive and part-owner of San Diego Padres.
  • : Former basketball player at the University of Michigan. Clients include , , and . Pelinka stepped down from being an agent to be run the Los Angeles Lakers in March 2017.
  • Charles C. Pyle (deceased): American football; clients included and ; founder of first American Football League (1926).
  • (deceased): Dutch-based Italian association football agent. His notable clients included , Zlatan Ibrahimović, , and Pavel Nedvěd.
  • (deceased): American football, three dozen clients, the inspiration for the movie .
  • : First female NHLPA certified agent.


Sports agency groups
There have been some efforts to transform the sports agency business from an individual, entrepreneurial business, to more of a corporate structure. These experiments met with varying degrees of longevity and success.

  • Allegiant Athletic Agency – representing NBA and NFL players
  • Creative Artists Agency: "CAA" – acquired various pieces of the sports agency business of SFX ( see below), starting with football.
  • IMG – International Management Group – corporate agency established by entrepreneur , originally with a specialization in golf and tennis. After the death of McCormack the company was acquired by group .
  • - international sports rights vendor, representing Serie A, FIFA, and others.
  • International Sports Management – British sports agency run by former European Tour golfer Andrew "Chubby" Chandler.
  • Priority Sports and Entertainment - Agency representing the most NBA players, run by Mark Bartelstein.
  • - The biggest esports agency in the world, founded in 2019 by Jérôme Coupez.
  • Roc Nation Sports – sports agency founded in 2013 by Shawn Carter, better known as . Currently in partnership with CAA; first client signed was Robinson Canó.
  • - sports agency run by .
  • Sportfive, formerly Lagardère Sports and Entertainment – international sports agency, sports consulting and event management, active in the football, tennis and golf markets.
  • Sports Management Worldwide – international sports agency and private for-profit sports management training institution, founded and run by .
  • Wasserman Media Group (WME) - acquired 's basketball agency from SFX, and usually represents the most players in NBA lottery draft each year.
  • Imago Sports Management - Imago Sports Management is a Bangladeshi talent and sports based agency. The business of sports | Dhaka Tribune


Formerly active agencies
Some sports agency firms were once prominent, but are now gone or reorganized:

  • Assante Corporation – Canadian public company that acquired the Steinberg, Moorad & Dunn agency, then acquired other than agencies including Dan Fegan & Associates and Maximum Sports Management in an unsuccessful effort to build multi-sport corporate agency. "These Drafts Come and Go, and So Do Agents' Fortunes" The New York Times, April 28, 2003
  • SFX Entertainment (now , a publicly traded company) – in 1998 SFX agreed to pay up to $150 million in cash, stock, and bonuses for F.A.M.E., the sports agency run by , the agent for basketball players and . SFX also acquired two other major sports agencies, 's agency (Tellem & Associates) and the baseball-oriented firm run by and Allan Hendricks. SFX would later reverse course, and sell off the pieces of its large sports agency business.
  • Steinberg, Moorad & Dunn ("SMD") – a multi-sport agency sold in October 1999 for reported $120 million to Canadian financial firm. Defections of principals, and litigation, followed. Originally led by entrepreneurial agents and . "Crash Landing"- ESPN, by Peter Keating, article about Leigh Steinberg


See also
  • Entertainment law
  • - The discussion of the agents that represent entertainment talent and may also participate in sports agency.


Further reading

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