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The average sports agents commissions is between four and ten percent of the player's contract. Some sports have a limit on the commission an agent can charge. The National Basketball Association has a commission limit of four percent. The National Football League has a commission limit of three percent.

Are there any educational prerequisites to become a certified Agent? Yes, an applicant must have received a degree from an accredited four year college or university, provided that the NBPA, in its unreviewable discretion, may accept relevant negotiating experience to substitute for any year(s) of formal education.

Postsecondary Training No educational requirements exist for sports agents, but it is increasingly difficult to enter the field without at least a bachelors degree in business administration, marketing, or sports management.

"The most common degrees for sports agents who work with professional athletes are JDs or MBAs," says Chow. "The National Football Players Association (NFLPA) requires anyone applying to be an NFL contract advisor to have an advanced degree. The NBA and MLB have similar certification rules."

Sports agents generally receive between 4 and 15% 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.

Having a law degree is not a necessity, but can really help a sports agent to fully understand the contracts which they are negotiating and also having the critical thinking skills to work through solutions while negotiating. Also, they are forming arguments on behalf of their clients.

Sports agents act as representatives for professional athletes in many different types of negotiations, providing advice and representation concerning contracts, endorsement and advertisement deals, public appearances, and financial investments and taxes, among other areas.

In general, a player contract provides that an athlete will play for a team for a certain length of time. They also may be required to participate in team-related activities outside the games, such as marketing campaigns and media events.

The commission range is anywhere from 3% to 20%, with most sports agents earning an average of 10%. Many marquee athletes have the potential to make more money in endorsements than from their playing contract. This is especially true in the NFL and NBA where salary caps are in play.