Being a successful agent can be difficult in any major sport. This is especially true
in the NFL. While it can be a lucrative endeavor — the top 40 sports agencies managed over $43 billion in player salaries last year — it’s not the certain path to riches some fans think. Let’s
look at how much NFL agents make and what goes into their jobs. An NFL agent has many responsibilities when handling a client’s affairs, including:
Depending on the client, an NFL agent can also act as a manager, babysitter, accountant, or de facto attorney. The job requires flexibility and versatility, as day-to-day tasks can vary. The reality of being an NFL agentNFL agent Drew Rosenhaus speaks to players before a game | Michele Sandberg/Icon Sportswire via Getty ImagesMany sports fans assume NFL agents are filthy rich, doing minimal work for a 15% cut of a player’s contract. The truth is far different. The tasks above are all responsibilities agents must perform for all clients. Make no mistake: They need a diverse, large client base to make a successful living. NFL agents also make much less than 15% for representing athletes (more on that below). They also must invest a lot of money back into their clients to ensure success. One NFL agent wrote about those investments in the National Football Post:
It’s clear that being an agent is about more than negotiating a contract and sitting back while the cash rolls in. But when NFL agents do negotiate a contract, what type of cut do they get back? How much do NFL agents make?According to Chron.com, sports agents make between 4-10% of a player’s contract. This dips slightly for the NFL, however, where rules prohibit agents from taking home more than a 3% commission of the player’s salary. The agent’s final take home depends on the contract, which in the NFL can range anywhere from $60,000 to millions of dollars. Agents can also make up to 10-20% of endorsement contracts they negotiate for clients as well. It’s a job that can certainly pay well, but it doesn’t come without long hours and hard work. Follow more updates from Sportscasting on our Facebook page.
How do sport agents get paid?Commission refers to compensation earned based on job performance. As a sports agent, you may earn this compensation if you negotiate a profitable contract for an athlete. For example, many football agents receive commissions for negotiating the commercial use of their clients' names or endorsement contracts.
Do athletes pay their agents?An athlete's salary typically determines how much an agent earns from a negotiated contract, but agents typically receive 3% to 5% of the salary. However, players' unions often cap how much an agent can receive.
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