Agents

Question 1

agent qualifications (4)

Answer 1

• agents DONT have to be lawyers; anyone can be an agent
  
  • player assoc. give qualifications of agents in their league
  • ex: NFL - masters degree (not specific tho)
  • no league requires you to have a law degree

Question 2

agent responsibilities

problem

Answer 2

responsibilities:
1. help with contract negotiations (not needed at lower levels bc of standard player contracts)
2. deal with legal and bus matters
problem:
-not experienced in everything they do

Question 3

ray allen

Answer 3

• negotiates contract himself

- then pays a lawyer to go thru contract

Question 4

fiduciary relationship

Answer 4

• b/t agent and player (principal)

- agent always supposed to act in best interest of the client

Question 5

post date

Answer 5

-defrauding everyone you play sport with bc you are no longer eligible

Question 6

NCAA constitution loophold

Answer 6

loans for disability insurance

Question 7

SPARTA (2004) (4)

Answer 7

SPort Agent Responsibility & Trust Act

• fed law
• regulates actions of agents
• illegal to pre/post date an agent contract

Question 8

allocute

Answer 8

must review all the pleas you have

Question 9

mail fraud

Answer 9

-mailing must be part of fraudulent scheme