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12-03-2009, 03:23 PM
Join Date: Feb 2009
Location: Toronto / Ottawa
Originally Posted by
I will also have to respectively disagree with you on the Sports Agent comment.
"An agent needs to have a Law background, specifically contract and sports law. A background in Business doesn’t hurt either."
An agent does not NEED to have a Law background. I believe this to be the biggest misconception in the Sports Agent industry. There are both Attorney Agents and Non-Attorney Agents. Of course you need to be able to interpret the contract and massage the language a little. Mike Barnett is a perfect example of a non attorney agent. He represented Wayne Gretzky and some of the biggest names in Hockey. He successfully sold his practice to IMG before becoming the GM of the Phoenix Coyotes.
To become a successful sports agent, you need to be able to put in the work. It requires a lot of time, and a lot of work to land a good client, and once you do, you must be able to keep him. This is where having a specialty comes in. Again having a Law Degree will certainly help, but so will having financial planning experience, and having great negotiating skills. This is by far the key. A Law degree and all the business background in the world aren't worth a dime, if you don't know how to successfully sell your product, which is your player.
Most agents now a days are lawyers. The CBA and complex contracts make this so.
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