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The Streets of Gotham...true stories after the Draft by a Sports Agent

Posted on 5/20/14 at 9:52 pm
Posted by BuccWildBammer
AL
Member since Nov 2011
23334 posts
Posted on 5/20/14 at 9:52 pm
quote:

"Que Sera, Sera" Just another Day in Gotham...

The 2014 NFL Draft was barely over when I received my first call from the father of a 2015 prospect. He believes his son will be a first rounder, but the reality is he would probably go somewhere around the 3rd round. He let it be known that they were interested in me and my agency, and just wanted to let me know some of the things they would be looking for when they make their decision. Throughout this whole conversation mind you, the Father has yet to ask me about myself or my agency, how we could work with his son, or why he was even interested in our agency. But I decided to let him talk without interrupting. He went on to let me know that they would be looking to sign immediately following the season, wanted to go to this specific training facility, (cost around 25k -35k), wanted a stipend of $2000 a month, a marketing guarantee of $50k, a line of credit of an additional $25k, and they were only going to pay 2% for the agent fee!
Now, for those who know me, realize how difficult it was for me to not burst into a fit of hysterical laughter that would rival a contestant on one of these “The Bachelor” shows laughing at a corny joke trying to gain points to advance to the next round, but I played it cool. I informed the misguided father that what he was looking for, he would not get from us, and I wished him luck as he probably will be calling 75 other agents until one entertains his demands. And while this may seem like a bit over the top, the truth is, someone in this business will give the father the things he is seeking come January. This little exchange got me thinking of some of the experiences I’ve had or heard during this past year in the dark streets of Gotham.


· The season started off with a phone call from a school’s compliance office requesting that, on the request of the coach, I do not contact their players until after the season, at which time, they will assists their athletes in choosing representation. >>>>>>>>
Fast forward to end of season: This team played a Bowl Game in the afternoon. A check with the SRA on file, 2 of the players signed that night, with another 2 signing the next day. So the players met with agents after the game?

· We recruited a player the whole season, Friday before his last game he tells us to meet him and his family Sunday, so he can sign the SRA. We didn't hear from player again until 10 days later. He said he signed with his coaches agent (whom he never met), and he made a hasty decision in telling me he would sign with us.
I think we dealt with “Coaches’ agents about 3 times this year. Not that anything is wrong with this practice in the eyes of the NFL, NFLPA, or NCAA. Just wastes a lot of time and energy. I have become pretty good at identifying which coaches will “nudge” their guys a certain direction, but every year there’s a few surprises. It would be great if agents actually got along well enough to share this information.

· Player who was projected to go 2nd round, FATHER was given a loan of 50k by an agency, (or so I heard) with the son obligated to pay the loan back, without the son’s knowledge of the loan at the beginning… Another player’s family was given an interest free loan somewhere in the HIGH 5 figures as a “nice gesture” by an agency…
· A school that utilizes a “panel” to help its athletes choose their agents had a friend of mine come in and present. After the meeting, the player sent a text to my friend and said he would sign with him. The School called the next day and informed my friend the player has chosen a different direction. An Agent, who happens to represent a member of the coaching staff, yet was not at the presentation.
In regards to this panel, in amazes me that athletes still deal with whoever puts this thing together because a majority of this school’s athletes switch agents during the same draft cycle or shortly after.
· It seems this year more than others, there is a lot of borrowing from Peter to pay Paul among players during this cycle. It usually results in players putting themselves in worse situations than they started with. Some of the stories I sit back and think to myself, that no one is this naive, and no way does this line of thinking make sense to anyone with basic common sense, and there has to be more to the story.

Example: Player this year takes 20k marketing guarantee, and 2k a month stipend, plus training, and expenses. If he fires this agent before the agent does his contract he has to pay back the money. He is not happy where he is projected to get drafted, so he fires his agent anyway because this new agent offers to pay half of this money off on the player’s behalf with the same conditions. Player tells a friend he did it because now he doesn’t have to pay the whole amount back only half!

I just want to look at the poor guy and say, “You do realize that you went from having to pay 0 to anyone out of pocket, to paying half of the money owed out of your own pocket ASAP, and still on the hook for the other half to the new agent right?
I hear you, maybe the old agent lied to him about where he would get drafted, so in turn he signs with an agent that basically manipulated him and took money out of his pocket. Yeah, that’s a lot better…

All I can do is shake my head sometimes because I realize, there isn't more to the story… It is What it Is… Que, Sera Sera…




Wow what a blog post...interesting read for sure

Que Sera Sera...Just Another Day in Gotham - Agent Greg Linton
Posted by Pigfeet
Ark Mods are Fascists
Member since Mar 2010
19783 posts
Posted on 5/20/14 at 9:57 pm to
good stuff
Posted by LSUNV
In the woods or on the water
Member since Feb 2011
22422 posts
Posted on 5/20/14 at 9:59 pm to
Sad part is, this probably happens a lot
Posted by BuccWildBammer
AL
Member since Nov 2011
23334 posts
Posted on 5/20/14 at 10:03 pm to
That is what I was thinking reading his 1st paragraph...then got to the part about the parents getting "high 5 figure" loans to pay back without the kid knowing
Posted by Mizzeaux
Worshington
Member since Jun 2012
13893 posts
Posted on 5/20/14 at 10:13 pm to
That's actually a really interesting read.

It's amazing the positions many of these guys are put in to based on their talents and their dumb young brains and that so many people can take advantage based on the fact that they're young, dumb, and able to potentially make money.

I'm guessing a lot of these agents put the money out knowing full well they've got little chance of being paid in full so the gamble is on them, but still. These kids have no idea of how contract law works, and their parents are probably dumb as shite not knowing the same.

There really should be a bullshite college level class at the university level that will prepare these guys for this. I may be ignorant to if if there is, but it seems like throwing a young man into this situation is just asking for trouble.
Posted by LSUNV
In the woods or on the water
Member since Feb 2011
22422 posts
Posted on 5/20/14 at 10:19 pm to
quote:

then got to the part about the parents getting "high 5 figure" loans to pay back without the kid knowing


They will do anything to get a player with potential
Posted by BuccWildBammer
AL
Member since Nov 2011
23334 posts
Posted on 5/20/14 at 10:43 pm to


Yeah because even signing as a later rd pick gets a player a couple hundred grand. An amount of money a lot of families haven't ever seen in their life

ESPN did Draft Academy and it was interesting because they had a CB from a D3 school Lindenwood named Pierre Dessir (sp?) and he was married and had 3 daughters living in Missouri and being drafted 5th round by the Cleveland Browns totally changed his life, but his agent was a family friend (grew up with his father I believe) and had him doing just as much community work with homeless and cleaning a local Elementary school pro bono etc just as much as training to teach him what he had in store if he didn't work as hard as he could to be on the 53 man roster and it really seemed to strike a chord with him. He seemed like the coolest damn agent

Then you had Marqise Lee's sleaze ball looking agent who was sitting there in NYC with him sweating bullets because he wasn't drafted in the 1st and I have no idea how well Lee will do in the NFL (probably well) but his Agent just seemed to me to be one of those who would do anything to get him and then get unrealistic about his draft position etc
Posted by Roger Klarvin
DFW
Member since Nov 2012
46505 posts
Posted on 5/20/14 at 10:49 pm to
Sometimes I'm surprised that these guys manage to dress themselves every morning.
Posted by GeorgeReymond
Buckhead
Member since Jan 2013
10148 posts
Posted on 5/21/14 at 1:10 am to
Ridiculous, I believe LSU might host a class/program for this type of thing

eta: Actually, LSU offers a "Life After the NFL" class. One of my previous marketing professors is actually the instructor in the pictures. Dr. Karam is an amazing instructor
quote:

While a majority of the sports world spent the summer wondering about the future of the National Football League by following news of the NFL lockout, a group of former NFL players were focusing on their own futures by attending the "Personal Branding for Athletes: Transitioning from the NFL to Your Next Career" program, hosted by LSU Executive Education in the E. J. Ourso College of Business.


LINK
This post was edited on 5/21/14 at 1:16 am
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