Sims V. Argovitz: The Role Of Sports Agents

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REVIEW OF LITERATURE The role of the sports agent is said to have emerged almost a century ago in the mid 1920s when football player Red Grange hired a “personal representative” to negotiate a contract based upon performance. Grange was the first professional athlete whose contract was based upon his performance along with the fans that his celebrity attracted to the games he played in. Since then most professional athletes hire personal representatives known now as sports agents to work out the details of their playing contracts along with securing other forms of income with the agreement that the sports agent will be paid a percentage of the contract that is completed. Though a sports agents primary role is to maximize the value of what …show more content…

Argovitz. In another instance while working for IMG, sports agent Bill Henkel, secured a memorabilia deal for Pro Bowl running back, LaDanian Tomlinson. Henkel received a substantial personal kickback from the company hiring Tomlinson, but did not inform Tomlinson's or IMG (Heitner, 2010). How this presented an issue was that Henkel breached his fiduciary duty in order to secure the deal with his own personal interest in mind. “Some American commentators describe the player agent business as “one of the most deceptive and unethical aspects of the sports industry’ and ‘responsible for much of what is wrong with sports today” (Johnson, 2006 p. 104). In order to understand what makes the lack of professional ethics possible in the sports agent industry one must consider the current regulations for governing professional conduct and each individual agent’s own ethical bases for decision making regarding those …show more content…

Though the requirements are made of the sports agent for disclosure, the UAAA's primary purpose is to protect educational institutions by creating a uniform code of rules and regulations. While student-athletes were a concern for the drafters of the UAAA, their primary goal was to protect educational institutions' financial interests against the practices of unethical agents who will do anything to sign a new client to an agency contract including acts that may jeopardize a student-athlete's NCAA eligibility and/or thereby disrupt the the educational institution's sports programs compliance with NCAA rules. Though the UAAA protects the educational institution it doesn’t serve as an effective deterrent for unethical sports agent behavior. “In essence, the Act only regulates interaction between the agent and the student athlete and does not address the dealings of the sports agent and the professional athlete, which then fails to protect the professional athlete (Neiman,

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