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Agent fees for rookie contracts expected to go down

percentage[1]

Whenever a new CBA is reached, we are going to have a million little things to learn about it.

For instance: Tom Silverstein of the Milwaukee Journal-Sentinel reports that agent fees on rookie contract will be reduced from a maximum of 3% to a maximum of 2%.

This may not matter to many fans, but it will certainly be big news in the agent community.  We hope to bring much bigger news as the night progresses.

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12 Responses to “Agent fees for rookie contracts expected to go down”
  1. everydayimfumbilin says: Jul 21, 2011 6:49 PM

    cool beans

  2. ironhawk says: Jul 21, 2011 6:54 PM

    2%? Screenwriter agents take 10-15!

  3. Caldon says: Jul 21, 2011 6:59 PM

    A smaller max % fee on already smaller contracts – wow those agents are going to be so unhappy

  4. bpjensen says: Jul 21, 2011 7:02 PM

    Well, that should have the effect of continuing the rise of large agent shops, thus eliminating those agents that represent only a few clients.

    Probably not the best thing for the players.

  5. nineroutsider says: Jul 21, 2011 7:07 PM

    Anyone know who pays the agent’s fees in this industry? I imagine it is the player who does, but just want to verify.

  6. granadafan says: Jul 21, 2011 7:10 PM

    Somebody call the waaaambulance for the agents/lawyers.

  7. bigdinla says: Jul 21, 2011 7:17 PM

    Good those leaches make too much money anyway.

  8. igor1984 says: Jul 21, 2011 7:24 PM

    It means something to my boy who is a UDFA – 1% more money in his pocket (of course, we’re talking 1% of probably $15-25K – but hey, when you’ve been working at an ice cream stand for the last couple months to make money to afford work-outs, that’s some significant jack!)

    Bring-on the offers!

  9. jcg23 says: Jul 21, 2011 7:40 PM

    Good news to me!!! Agents should be seen, not heard anyway!! Maybe they’ll have to actually sell a product rather than an idea now.

  10. hobartbaker says: Jul 21, 2011 8:06 PM

    Luckily for the agents the rookie contracts are substantially reduced as well, so that 1% represents a lesser amount that it did before.

  11. doe22us says: Jul 21, 2011 8:06 PM

    Yeah and the winner of this is Jerry Richardson .. I am sure he is like thank God i dont have to fork over $65 million guaranteed to sign an unproven commodity.

  12. backindasaddle says: Jul 21, 2011 10:16 PM

    “Agent fees for rookie contracts expected to go down”

    GOOD!

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