One of the interesting paradoxes of the agent business is that often the contract advisors with the least amount of clients are the ones expending the most effort. While the work of being an agent involves negotiating contracts and marketing deals, arranging training and facilitating NFL contacts before the draft, it’s different for lesser prospects.
In those cases, the agent spends endless hours virtually begging NFL teams to consider the player, sending countless emails, making videos, and cold-calling. It’s not ‘agent work’ in the traditional sense, but it’s work, no doubt about it.
With that in mind, we asked several contract advisors how they’ll handle fees for players that sign AAF, not NFL, deals. While the contracts are less, they’re comparable to NFL practice squad pay, which is something, at least.
Here’s what we got back when we asked several agents: “What are you going to charge your AAF signees, if anything?”
- “Well, I’m going to treat this like I do my CFL clients. A one-time fee per contract, meaning, I’m not in their pockets each year. The flat fee will be like $1,000. An agent will still have to do transactional things as it relates to the player (i.e., spending time getting the contract, dealing with appeals/grievances, etc.), so that fee will be per contract, and not double-dipping or triple-dipping each year and plus you’re not being petty with the money. Have to look at bigger picture of getting your client to the NFL.”
- “Not more than 4%. Salaries are not that bad, but nowhere near what NFL pays rookies. I think 4% would be fair.”
- “Not sure, but probably whatever we agreed to on the NFL SRA.”
- “Probably nothing, as I don’t have an agreement for that. Just tell them to pay my expenses back. Might have them sign an addendum, though, for the league.”
- “To be honest I haven’t thought about it yet. I have addendums that state that if they play in any professional league worldwide, that I get my expenses back. So that is the minimum. Maybe 3% or our expenses, whichever is greater. These are guys I have had to work extremely hard for. Not just throughout the draft process, but also keeping them from jumping ship, because I truly believe in them and know they will have some opportunity if they stay motivated.”
- “Was just thinking about that today. I think something between $1,000 to $2,000. Three percent of $70,000 is $2,100. I mean, if a player made $70,000 in the NFL, (that’s) basically 2.5 games in the NFL you would charge them.”
- “Three percent.”
We got several more responses which show that contract advisors are really wrestling with this question. We’ve included them in the Friday Wrap, which comes out this evening (7:30 p.m. EDT/6:30 p.m. CDT). Here’s last week’s edition. It’s free, and thousands of football professionals (and aspiring football professionals) read it each week, and you should, too. Register for it here.