Corruption In The Sports Agents Profession

The article responds to the debate about if college athletes should be paid on top of their scholarships/benefits. Critics of college sports argue that these student athletes are being exploited because it is possible for schools to generate revenue from TV contracts and other beneficial arrangements. Ackerman and Scott, both commissioners of a conference/sport, respond by stating “College is a time from learning, and college sports provide young men and women alike a chance to learn, grow, graduate, and achieve great things in life.” The purpose of this article is to educate the audience, critics of

In the world of college athletics there are endless topics discussed daily and most pertain to money. An issue that falls under this category includes the heated debate involving whether or not student athletes should receive money. Many people say student athletes should receive compensation according to their specific needs because they spend so much time earning their scholarship and have no time to work. On the other hand, the stronger argument is student athletes should not be able to acquire additional funds in order to help aid them through college. An athlete knows what he or she is involving themselves in before any money issue is even brought up. Signing a letter of intent shows that

Sport Agents help collegiate athletes transition to amateur athletes. On behalf of the Professional Athletes’ Association, agents can only be considered certified if they are approved through them. The association must agree on each agent. As a part of guidelines to become a Sports Agent some things may include having a background check and agreeing to all the rules of the association. HR professionals are increasingly performing background screenings on job applicants and employees for information on criminal records, résumé falsehoods, drug use, and other data (HR Focus, 2007). Some professional leagues such as the NBA or NFL have certain rules when it comes to managing athletes’ funds. Special to the American Banker notes, “The agents, who often get power of attorney over their client's finances, take an estimated 3% to 5% of their players' salaries in financial management fees” (pg.1).

Over nemouse years the world has evolved and many changes have taken place. Regardless of your age, gender, religion or race its seem that sports has been one of the things that brings everybody together in the end. Whether it be sharing an interest for the same sport in general or the same sports team. With this being said corruption has entered the sports community, it is not about bringing your team together for the sake of enjoyment. Being victorious is now what is expected among your team, coaches, fans and yourself. Now Athletes and coaches are doing whatever it takes to win. Whether it be breaking the law by placing bids or accepting bids, committing fraud and willingly taking illegal performance-enhanching

Every year, thousands of student athletes across the world sign the NCAA’s 08-3A Form, also called the “Student-Athlete” form, which waives their right to receive money for the use of their name and image. Like many of us in this class, these college athletes devote their time to their academics while spending additional hours with training and practices throughout the day and receive no stipend in return. This 08-3A form defines college athletes as amateurs, who cannot receive payment for playing their desired sport. While their schools and coaches may make millions of dollars in salaries and endorsement deals and are the highest-paid public employees in many states due to their performances in their desired sport, these “amateurs” can never

The NCAA institutions that an athlete belongs to plus parents and other honest influences should be cautious of any sports agent. They are not doing it for paternalism or for benevolence rather agents are doing it for the money. Even though many sports agents are attorneys, “attorney regulations are not enough to regulate the sports agent profession, and that even more strict sports-focused regulations are needed to restrict attorney and non-attorney agents from acting unethically” (Heitner, 2010).

The legal section of the paper will discuss the NCAA bylaws that prohibit college athletes from receiving benefits above and beyond what is indicated as part of the scholarship agreement. It also entails of the consequences if such bylaws are violated. In addition, the definition and purpose of the National Letter of Intent (NLI) will be discussed. Since the selling of rights is what brings in the most revenue

Over the years, the debate on whether or not to pay collegiate athletes, specifically Division 1, has increased greatly. With athletes bringing in millions of dollars to their respective schools, many believe it’s time to make a change. The debate has been ongoing since the 70’s, maybe even earlier, but it really came to the attention of many in the early 90’s, specifically 1995. Marcus Camby, a basketball player for the Toronto Raptors, admitted he took money and jewelry, from somebody who wanted to be his agent, while he was playing at the University of Massachusetts. This was one of many incidents that involved a player accepting money and other gifts from an agent and/or booster. I believe that college athletes

People have argued for decades about whether or not colleges and universities should pay students who receive athletic scholarships, and unfortunately, this seems like a discussion that has no easy solution. On the one hand, student-athletes are working a very demanding full-time job that allows few opportunities to socialize and relax, while also going to school full-time. For this reason, some argue that a pay-the-player or a pay-for-play system is a logical and ethical decision that colleges and universities should employ. However, one must consider that most people do not go to colleges and universities hoping to earn a paycheck for their performance along with the added notoriety associated with being a player on one of their college’s

The introduction of Sports Agent Responsibility and Trust Act (“SPARTA”) and the Revised Uniform Athlete Agent Act (“RUAAA”) has provided enough regulation to thwart would be bad actors and has helped to regulate the conduct of sports agents as a whole. In addition, many player associations already do their own form of regulation in regards to sports agents. A majority of the agents must not only register with the player associations and abide by the rules set in place by the player associations and their respective league affiliates, but they must also meet a number of requirements before being able to represent a player. For instance, many leagues such as the NBA and the NFL require agents to pass a rigorous exam about player representation and league rules, obtain a four year college degree, pay a hefty registration fee, and continue to stay up to date with agent licensing requirements. In fact, many agents are certified public accountants, certified financial planners or members of other licensed professions and have other strict standards they must already adhere to. Requiring all agents to be attorneys is unnecessary because of the more than adequate regulation requirements that are already in

An athlete prefers the best public image possible and to obtain that image the player must only associate themselves with individuals that are held in high regards and highly respected in the public’s mind. An agent that has participated in questionable acts could taint an athlete’s image. Therefore, an athlete would want no association with that agent

Salaries, wages, and compensations have always been major and generally controversial topics in democratic America. And, with the rising popularity of college athletics, particularly football, compensation (or lack thereof) for college athletes has recently been a hot topic in American sports. While some of the debate stems from the similarity between responsibilities college athletes have to their programs and those of professionals, most of the issue involves the principles of amateurism. Recent “scandals” involving college athletes such as Terrelle Pryor, Johnny Manziel, and Todd Gurley have raised questions about the ethics of amateurism, particularly with regard to the NCAA organization. The issue is found in a very gray area, where there is most likely no definitive one-size-fits-all solution, but the resolution of this issue is one that will change and shape the future of college athletics across the national landscape.

Sports Agents have not been around for a long time. “Until the 1970’s, very few players had agents because teams would not deal with agents (Masteralexis, 244).”

The following Case Study is about the National Collegiate Athletic Association unethical act in the sport college league. How this league creates big amounts of money which is invest in all short of projects rather than take care of the student-athletes. The study case highlight the two main principles issue that the National Collegiate Athletic Association faces; the money how the student are not getting paid and the academic versus sport.

Student athletes have to deal with a lot being a college athlete and representing their university. Kihl, Richardson and Campisi (2008) argues that athletes encounter multiple of corruptions that they had no part of but suffers greatly for it. Consequences that these athletes may encounter can be lost of scholarship, probation, or loss of revenue. Athletes also have to deal with their will for perfectionism which tends to set high standards for themselves which eventually burns them out (Chen, Chen, Kee, &Tsai,2008).