Pro Sports Final Chapter Three – Agents Questions and Answers Rated A+

Pro Sports Final Chapter Three – Agents Questions and Answers Rated A+ 1. Total economic athletic management of America v Pickens -Ans a. Calculation of damages. You should get paid but not for the K that was ultimately signed by superstar agent. Just average. 1. Total economic athletic management of America v Pickens 2 -Ans a. Pickens hired TEAM America as agent, then got Condon to be his agent, then signed with Falcons - TEAM America wants a percentage b. TEAM American limited damages because they suck and Condon is a superstar c. Damages hard to determine because it was an anticipatory breach of contract case d. In pro sports the players breach of an agent's contract does not in itself entitle the agent to commission (only breach of contract damages, must prove he would have gotten a deal) 1. Brown v Woolf -Ans a. Claim of violation of agent's fiduciary duty. Doesn't extend to look into team's financials. 1. Brown v Woolf 2 -Ans a. Responsibility of the agent? Research the viability of a team to know if it is going to go under? No, fact issue if there is a fiduciary relationship between agent/player (that seems wrong) 1. Standard Representation Contract -Ans a. Initiated by Unions as a response to alleged abuse b. Means to standardize the terms and the agents percentages i. What goes into a player's Contract and how much control the player has over their contract is dependent upon how much "Juice" that player has. c. Standard Representation Contracts initiated by unions as a response to alleged abuse d. Same as SPK's except for agents e. Its use is mandatory as part of the union-agent certification process f. Dictate how much an agent can make from the athlete (2% cap) i. *BUT can still make more if you do marketing for your client 1. Bias v Advantage International -Ans a. Bias estate sues agent, BIAS DIED ON JUNE 19, 1986! 1. Bias v Advantage International 2 -Ans a. Len Bias dies two days after being drafted from Cocaine overdose, family sues because agent didn't have life insurance for him or a Reebok deal b. Court: no life insurance for cocaine user, no time for Reebok deal