Chapter 11: Sports Agency Test
Questions and Answers.
Charles C. Pyle - Answer Often called the first sports agents- Theatre Promoter C.C. "Cash and
Carry" (last name)
Sport Agent for Red Grange (1925) that negotiated a deal with the Chicago bears .
Sport Agent - Answer covers a broad range of relationships with an athlete, including friend,
lawyer, teacher, or coach. Serve as a personal manager to find the best outlet for an athletes
talents.
Mark McCormack - Answer founder of IMG (1960)
represented Arnold Palmer
known as the pioneer of the sport marketing industry
Qualifications to be a Sport Agent - Answer Law, Finance, Marketing, (no legal background
required)
Agency - Answer describes a relationship in which one party, the agent, agrees to act for and
under the direction of another, the principal
Union v. Agents - Answer unions represent the collective interest of all players
agents represent the individual interests of a particular player. They negotiate contracts-
standard or uniform player contract
Reserve system - Answer in MLB till mid 1970s, a restrictive system to limit a free and open
market so that the owners could retain the rights to players and depress salaries
Reserve Clause - Answer gave teams the option to renew players for the next season, listed in
the contract
Reserve List - Answer a list sent to each team in the league. League rules entitled each team
to place its reserved players on a list and the teams had a "gentlemen's agreement" not to offer
contracts to any other teams' players reserved on the list
What is the purpose of agency law? - Answer to establish duties that principals and agents
owe to each other
Questions and Answers.
Charles C. Pyle - Answer Often called the first sports agents- Theatre Promoter C.C. "Cash and
Carry" (last name)
Sport Agent for Red Grange (1925) that negotiated a deal with the Chicago bears .
Sport Agent - Answer covers a broad range of relationships with an athlete, including friend,
lawyer, teacher, or coach. Serve as a personal manager to find the best outlet for an athletes
talents.
Mark McCormack - Answer founder of IMG (1960)
represented Arnold Palmer
known as the pioneer of the sport marketing industry
Qualifications to be a Sport Agent - Answer Law, Finance, Marketing, (no legal background
required)
Agency - Answer describes a relationship in which one party, the agent, agrees to act for and
under the direction of another, the principal
Union v. Agents - Answer unions represent the collective interest of all players
agents represent the individual interests of a particular player. They negotiate contracts-
standard or uniform player contract
Reserve system - Answer in MLB till mid 1970s, a restrictive system to limit a free and open
market so that the owners could retain the rights to players and depress salaries
Reserve Clause - Answer gave teams the option to renew players for the next season, listed in
the contract
Reserve List - Answer a list sent to each team in the league. League rules entitled each team
to place its reserved players on a list and the teams had a "gentlemen's agreement" not to offer
contracts to any other teams' players reserved on the list
What is the purpose of agency law? - Answer to establish duties that principals and agents
owe to each other
