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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.
The surety bond requirement for athlete agents in Texas is $50,000.
Since the sports industry is extremely competitive, sports agents typically hold a bachelor's degree in a related field, such as sport management. Top agents typically hold a master's degree and many have a law degree. At NC State's College of Natural Resources, we offer an undergraduate program in sport management.
What is a Sports Agent? Step 1: Become Familiar with Sports. In order to become a sports agent, you need to understand various types of sports. ... Step 2: Complete a Bachelor's Degree Program. ... Step 3: Complete a Graduate Degree. ... Step 4: Begin Networking. ... Step 5: Become Licensed and Certified.
Most sports associations require a bachelor's degree. The typical undergraduate degrees for agents include business management and sports management. Even in associations that do not require formal education, many agents achieve graduate degrees before entering the profession.