INTRO TO SPORTS MANAGEMENT QUIZ 8 ANSWERS
QUESTIONS AND ANSWERS
Which one does not describe the ways that players associations support players? - CORRECT
ANSWER✅✅Providing them with equipment and instruction to enable them to perform at the highest
possible level.
Discuss the four (4) methods of fees charged by agents. - CORRECT ANSWER✅✅Percentage of
compensation method: usually covers negotiation plus all the work related to the provisions of the
contract over its term
Hourly rate
Flat fee arrangement: athlete must pay agent a certain amount of money that is agreed on before
agents act for the athlete
Hourly rate with a compensation cap
List at least 5 tasks commonly performed by a sports agent. - CORRECT ANSWER✅✅Marketing
Legal counseling
Financial planning
Negotiating and administering an athletes or coach's contact
Dispute resolution
As professional sports grew and became televised nationally opportunities for athletes to endorse
products decreased. - CORRECT ANSWER✅✅False
Many lawsuits concerning a sport agent's incompetence, fraud and breach of fiduciary duties involve
financial planning and investing. - CORRECT ANSWER✅✅True
Five key problems in the sport agency profession do NOT include - CORRECT ANSWER✅✅the agents'
lack of understanding of the rules of the game
Who was the "endorsement king of the pre-Michael Jordan era?" - CORRECT ANSWER✅✅Arnold
Palmer
QUESTIONS AND ANSWERS
Which one does not describe the ways that players associations support players? - CORRECT
ANSWER✅✅Providing them with equipment and instruction to enable them to perform at the highest
possible level.
Discuss the four (4) methods of fees charged by agents. - CORRECT ANSWER✅✅Percentage of
compensation method: usually covers negotiation plus all the work related to the provisions of the
contract over its term
Hourly rate
Flat fee arrangement: athlete must pay agent a certain amount of money that is agreed on before
agents act for the athlete
Hourly rate with a compensation cap
List at least 5 tasks commonly performed by a sports agent. - CORRECT ANSWER✅✅Marketing
Legal counseling
Financial planning
Negotiating and administering an athletes or coach's contact
Dispute resolution
As professional sports grew and became televised nationally opportunities for athletes to endorse
products decreased. - CORRECT ANSWER✅✅False
Many lawsuits concerning a sport agent's incompetence, fraud and breach of fiduciary duties involve
financial planning and investing. - CORRECT ANSWER✅✅True
Five key problems in the sport agency profession do NOT include - CORRECT ANSWER✅✅the agents'
lack of understanding of the rules of the game
Who was the "endorsement king of the pre-Michael Jordan era?" - CORRECT ANSWER✅✅Arnold
Palmer
