Why do you need to read about volleyball agents? Simply because they can help you to make more money! But before we get there, you need to know some basics about them.
I spent more than 15 years in TOP volleyball, see my LinkedIn profile as a proof 🙂 I learnt a lot about volleyball agents. I worked with many of them. So I decided, I will share with you my interesting experiences with them. I am planning to write series of article covering job of volleyball agent. You will get insiders information about them, positives & negatives.
I bet you already heard about some volleyball agent. Who they are? What they do? Volleyball agent work is the same as the work of any other sports agent. Let’s have a look at what exactly is job of sports agent by wikipedia.
A sports agent procures and negotiates employment and endorsement contracts for an athlete. Agents are responsible for communications with team owners, managers, coaches, and other individuals. Primarily, agents are used to broker and negotiate contracts for their clients. Also, they are responsible for making recommendations in regard to the athlete’s options. In addition to finding income sources, agents often handle public relations matters for their clients.
Sports agents may be relied upon by their clients for guidance in all business aspects, 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.
Due to the length and complexity of contracts, many sports agents are lawyers or have a background in contract law. Agents are expected to be knowledgeable about finance, business management, and financial and risk analysis, as well as sports. It is important for a sports agent to follow trends in sports. Other skills an agent must possess are excellent communication and negotiation skills. Agents must be highly motivated, willing to work long hours, and have the ability to multitask. It is very common for agents to be in negotiations on behalf of several clients at one time.
Sports agents generally receive between 4 and 10% of the athlete’s playing contract, and 10 to 20% of the athlete’s endorsement contract, although these figures vary. NFL agents are not permitted to receive more than 3%, and NBA agents not more than 4%, of their client’s playing contracts.
This was an opening introduction about the job of volleyball agents. I will get back to more details about their work in one of upcoming articles.
In next article I will cover situation about “How can somebody become volleyball agent”.
If you have any thoughts about volleyball agents, or want to ask something, write me via Twitter.
photo: The Wolf of Wall Street movie