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Originally Posted by Zeestein
are you a lawyer?
Yes, member of two state bars.
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Originally Posted by Tumaterminator
scott boras or drew rosenhaus and why.
(boras is the correct answer by the way)
any amusing stories? dirt on famous ppl? holla
Arn Tellem, I'm a basketball guy. Why settle for elite clients in one sport when you can have it in two?
No real dirt on famous people. It is funny to hear of a lottery pick two years ago signing with an agent because they gave his brother a publishing deal, which will likely never see the light of day. The things people will do for a an overrated freshman.
The other side of that is another draft eligible guy from within the last two years being threatened by a "runner" for an agent he allegedly took money from in college and being told, "If you don't sign, or give it back, you'll never walk, let alone play in the NBA." He signed, but I think has since moved to another agency.
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Originally Posted by dkgojackets
you should become labrons agent and then collect FREE MONEY
Not 100% sure, I'd guess that LeBron pays 0% on his NBA playing contract. The vast majority of marketing money goes through his marketing company, LRMR. Real value in repping him is getting a guy like Jonny Flynn, unless he's, you know, Jonny Flynn.
Sorry for the serious answer to an obvious joke question.
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Originally Posted by Chilltown
What's your real username.
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Originally Posted by Riverman
What do you do, what is your title, day in the life, talk about signing players and is it shady with hookers and blow, do agents poach, how do you make money with compensation capped at 2 percent of less?
I write or edit all of our international contracts, which is the majority of our business. I research player comps and salary cap situations for our NBA players who are coming up on extensions. I plan and oversee the recruiting trips our agents take, and give scouting reports based on video/statistics. I do not have a background in playing, but everyone else in the company does, so I'm the "stats" guy, which I'm not even very good at. I also do some of the bitch work, like driving players around, taking trading cards to them to get signed, etc.
Signing players is very much a case by case thing. Some of them will have been getting money since high school (half?) and others really will not have any idea what they're doing until after their college career (10%, Lin and Jimmy Butler jump to mind recently). The rest, about half, are recruited throughout the season by a ton of agents. You go to games, talk with the kid, coaches, friends, parents, etc. and try and get a meeting at the end of the year. Most guys meet with 3-5 agents, some will meet with 20 which is ridiculous and unneeded.
Money isn't as prevalent outside of the definite NBA guys, and the amounts are completely arbitrary because those "running" the situation have no idea what they can ask for. Signing a guy for money works for some people, but a lot of times, the player will pay back the money and leave once they start getting paid because they don't want to feel obligated/owned. (racist ban).
Agents absolutely poach, but it is rarely enforced. Check out Andy Miller's story, that's some good poaching. Now it seems more and more guys are jumping ship to big agencies, and it isn't the agents poaching, but their clients recruiting on their behalf. I do not mean this as an allegation, but more that players are friends, so naturally they will talk about their agents and how much they help/don't help.
International compensation = 10% paid by the team. It is usually split with an international partner, but you can do deals for the top guys direct with the teams. We have some clients that make more than a million dollars overseas, pretty good commission.
NBA compensation is capped at 2% only on minimum contracts. It skyrockets to 4% of any amount over the minimum. For a first round pick, it is capped at 4% of 80% of the slotted number. So if you have a first round pick who has a $1M slotted salary as a rookie, and they sign for the typical 120%, you'll make 4% of $400,000 or $16,000. The real money comes when they sign their extensions. Typically guys will negotiate a reduced rookie rate (0% if 1st round is very common) and extension rate (completely depends on player).