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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.
They serve as professional representatives for athletes, helping promote their clients to future employers and representing athletes throughout the contract negotiation process. Agents also serve as liaisons between the athletes themselves and their financial affairs and legal teams.
The U.S. Department of Labor predicts that employment for agents and business managers of artists, performers, and athletes is expected to grow by 10 percent, faster than the average for all careers, through 2028.
Historically speaking, most sports agents recognize the inception of the profession stemming from the work of several individuals during the 1960's. However, sports agency can actually be traced back to 1925 when Red Grange hired an agent to negotiate his professional football contract.
Evolution: The sports agency business has changed over the past five years in that more and more athletes are now signing with a player agent for their player contract and also signing with a marketing agent for their on and off the court/field opportunities.
How do I change my registered agent? First, go to . You will need an account to file anything on Fast Track Filing (excluding Biennial Reports). ... A drop-down menu will appear. ... In the ?Existing Entities? menu, click on the ?Change of Registered Agent? link.
In 1966, Bob Woolf became the first lawyer to represent an athlete in contract negotiations, negotiating Wil- son's contract with the Red Sox.