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Tag Archives: Contract Advisor

Paradigm Shift

25 Friday Nov 2016

Posted by itlneil in Agents

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Contract Advisor, NFL agent

About a week ago, I was having a conversation with a longtime friend who’s an up-and-coming contract advisor. Conversation turned to the new default 1.5-percent agent fee, and I asked if any prospects or their advisors were playing hardball so far, demanding that he drop his fee from three percent.

“Not so far,” he said. “Everyone’s paying three percent.”

That has since been echoed by other agents I’ve spoken to. I hope that continues. NFL agents, already billing at the lowest percentage of all the major sports, don’t need to get further whittled down by players who know they have all the leverage.

However, as I always tell my clients, having November discussions is easy. It’s the December discussions where agents and their prospective clients talk terms. Players are seeking the best training and pre-draft packages they can get, while agents are counting dollars and trying to decide where to spend them.

Of course, nothing happens in a vacuum in the football world, and the practical reduction in agent fees means fewer contract advisors will take the plunge and pay for a prospect’s training fees. They’ll be even less likely to send a late-round prospect to Florida, California, or some other sunny clime, as has traditionally happened. Naturally, this isn’t going to stop players from thinking that the right training will transform them from late-rounders into solid prospects, and in some cases, they may even be right. Therefore, I see the combine prep business moving in a different direction this January and February.

The challenge for agents isn’t paying for training, per se. It’s paying $6,000-$7,000 for training, food and supplements, plus another $5,000-$6,000 just for accommodations. Often, the player’s lodging costs more than his training. With more and more good trainers providing solid regimens, the mission is to find a combine prep facility near enough that a prospect can sleep in his own bed. The biggest job will be finding those facilities, evaluating the different facets of each program (when does it start? what kind of facility? who conducts training?) and, of course, weighing the costs of each.

With this new paradigm, we’re assembling a marketplace where agents and players can do their Black Friday shopping (and beyond) for combine prep. It’s our 2017 ITL Combine Prep Grid, a place where everyone in the business can sort out all the options in one place. Though we’ve only got four entries so far, they’re all solid, there are plenty of outside-the-box options, and there are many, many more on the way. We’re just getting started.

There are still a handful of titans in the combine prep business, and they won’t stop being titans. But now there’s a chance for a number of smaller training houses to work with players and make a little money while cutting costs (and risks) significantly for contract advisors. If I’m right about this new trend, it could be a rare win-win-win for trainers, agents and prospects.

The Benefit of the Doubt

28 Tuesday Oct 2014

Posted by itlneil in Agents

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Contract Advisor, NFL agent

When you talk to a contract advisor about his draft class, you rarely hear him refer to them as anything other than ‘his kids.’ It’s a little strange to hear of 21- and 22-year-old men who could lift a car as ‘kids’ regularly, but that’s part of the game.

Now, if one of an agent’s clients is known to have had a series of legal missteps, or was suspended several times, or was kicked out of several schools, or is known to be less than admired by coaches on staff, expect to hear what a ‘great kid’ he is. The agent will usually go on and on about how the player was misunderstood, or how the coach(es) didn’t like him, or how he was a victim of terrible circumstances. I guess I’d do the same thing were I in their shoes, but it gets a little old.

Last year was a prime example. I had a marketing associate who had signed a player known as a big bag of trouble. I mean, even the most casual fan knew this ‘kid’ was bad news, but my friend insisted that the young man had seen the light. He didn’t run away from the young man’s troubles, to his credit — usually, an agent is well-rehearsed in dismissing any bad stories about a client — but he was adamant that it was all in the past.

Within the next week, the (a) marketing professional’s agency had spent a lot of money flying the player around and putting him up in fancy accommodations, (b) had set him up in top-rate (i.e., expensive) training, and (c) had seen him arrested on a drug offense, the most recent of several. Within another week or so, the agency had been fired by ‘the kid.’ I wish I could say I was surprised.

What I’m about to say is going to sound very cold and dismissive, but in this game, you can’t save the world. You’ll come across a lot of broken people who are phenomenal athletes in this business, and the idea of working with them can be tantalizing, but most of the time, they aren’t going to change.

By the time an extraordinary athlete has reached his 20s, he’s established a comfort zone, a behavior template that has never been corrected adequately (and that has probably been enabled everywhere he’s played). If you think you can turn that around, you’re crazy.

If you’re reading this blog because you want to be in the football business, I’m here to help, and I want you to succeed. But I also want you to have a happy life, and no one has time to beg to help someone. It’s OK to want to help, but set a boundary, and understand that you need to be able to walk when a line gets crossed.

 

A big week ahead

21 Monday Jul 2014

Posted by itlneil in Uncategorized

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Contract Advisor, NFLPA

This week is a big one for about 250 people aspiring to enter the football business. The NFLPA holds its annual exam for prospective contract advisors in Washington, D.C. on Friday after a seminar that runs all day Thursday and Friday morning (the test is Friday afternoon). It’s the only time all year that the players association administers the test, so it’s now-or-never time for all the would-be agents looking to get a piece of the NFL action.

Friday’s exam will be open-book, made up of 60 questions with a three-hour time limit. The test gets curved, and though it’s all multiple choice and true-false, it takes almost two months for the NFLPA to get results of the test to participants. Attorneys seem to do well on it; it’s written by lawyers, and tends to favor legal-speak, making it a little easier for those who’ve taken the bar. That’s one reason why there’s a reasonably high pass rate. The lion’s share of test-takers are attorneys or people with legal backgrounds.

What kinds of attorneys tend to register for the test? They come from a wide spectrum. Every year, I talk to a young person who took the bar a month before taking the NFLPA exam. Sometimes, they’re taking it just days after taking the agent test; lots of young people go to law school expressly to become agents, so the bar exam almost becomes secondary. Often, it’s an attorney who gets interested in the profession after doing work with a company that is peripherally involved with the NFL. Maybe it’s a legal professional who has a family friend who’s a hot prospect for the next NFL draft. Very often, it’s an established attorney with a thriving practice who’s just bored.

Probably 10 percent of the people taking the test will be from established agencies; Relativity Sports, CAA, Rosenhaus Sports, Impact Sports and Roc Nation are big-name firms that will be sending representatives to sit for the exam this week. There will also be a generous number of recruiters — also known as runners — who have worked with such firms but who are now going it on their own. Often, when this latter group mixes with a green, unknowing (and well-funded) attorney, partnerships develop. We’ll address this later in the week.

We touch down in D.C. Wednesday. It should be a fun and interesting week with plenty of good stuff to talk about. Stay tuned.

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