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Pro Sports Final Chapter Three - Agents WITH 100- CORRECT ANSWERS.
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Pro Sports Final Chapter Three - Agents WITH 100- CORRECT ANSWERS.
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EUNICEPro Sports Final Chapter Three – Agents WITH 100% SURE
ANSWERS
Terms in this set (29)
1. Total economic athletic management of a. Calculation of damages. You should get paid but not for the K that was ultimately
America v Pickens signed by superstar agent. Just average.
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
1. Total economic athletic management of c. Damages hard to determine because it was an anticipatory breach of contract
America v Pickens 2 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)
a. Claim of violation of agent's fiduciary duty. Doesn't extend to look into team's
1. Brown v Woolf
financials.
a. Responsibility of the agent? Research the viability of a team to know if it is going to
1. Brown v Woolf 2 go under? No, fact issue if there is a fiduciary relationship between agent/player
(that seems wrong)
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
1. Standard Representation Contract
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 a. Bias estate sues agent, BIAS DIED ON JUNE 19, 1986!
a. Len Bias dies two days after being drafted from Cocaine overdose, family sues
1. Bias v Advantage International 2 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
1. Zavian v. Lilly a. Was it an agent client or lawyer client?
1/4
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