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Highest value global sports contracts 2022 The biggest sports contract of all time, worth an estimated 674 million U.S. dollars, belonged to soccer star Lionel Messi. However, these large contracts are not limited to just soccer, but are also seen in other sports such as basketball, baseball, and American football.
A sports agent is a legal representative (hence agent) for professional sports figures such as athletes and coaches. They procure and negotiate employment and endorsement contracts for the athlete or coach whom they represent.
The following is a checklist of matters to be considered in drafting a contract for the employment of an athlete: Names of parties. Addresses of parties. Statement of hiring. Term of contract. Duties and obligations of athlete. Attendance at training camp. Amount of compensation. Times at which compensation payable.
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.