A sports agent is a person who procures and negotiates employment and endorsement deals for an athlete. In return, the agent receives a commission that is usually between four and ten percent of the contract, although this figure varies.
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In addition to finding incoming sources, agents often handle public relations matters for their clients. In some large sports agencies, such as IMG and Octagon, agents deal with all aspects of an athlete's finances, from investment to filing taxes.
Sports agents may be relied upon by their clients for guidance in all business aspects of life, 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. Many sports agents have a major in law background, mainly to help understand the large and complicated legal matter in contracts.
Some agents are part of large companies and some are on their own. The number of clients an individual agent can handle and how many his or her employing agency can handle in total are interdependentvariables.
Notable sports agents
Australian Football
Ron Joseph Australian Football agent who signed 21 of the 22 "Immortals" that played in North Melbourne's first VFL premiership.
Arn Tellem: American basketball agent, whose clients include Tracy McGrady, Jermaine O'Neal, Pau Gasol, and Joe Johnson. His clients' total salaries in 2007-2008 season add up to more than $210 million, making him number 1 in total client salaries in the NBA.[3]
Pini Zahavi: Israelifootball agent, widely regarded as the most powerful and successful soccer agent ever. He is famed for his deals involving the transfers of Yakubu and Rio Ferdinand.