Right Advisor Essay

Young athlete’s main goal to attain is to become a professional athlete. Many want to become a professional athlete due to the money, others for the love of the particular sport that they are interested in. There is a downside in becoming a professional athlete, that many young players are not aware of. This downside is that professional athletes’ go broke faster than they are drafted into the leagues. Many professional athletes such as NBA and NFL players go broke due to career duration, overspending, family issues, and lack of financial knowledge.

Another important factor in the opening stage is to draw up a contract and discuss the content with the client, this will demonstrate it’s a working relationship and both the client and counsellor will know their barriers, it also gives structure and prevents any misunderstanding in the relationship. By having a contract it demonstrates to the client they are safe and able to speak freely also it shows the client that each session if totally confidential, there are exceptions to the rule and these will be included in the contract and what the process will be if they disclose anything that is unlawful.

The next issue would be how to fix this so we do not hear so many sad stories about our favorite athletes going bankrupt. Proper education would be first. Allowing athletes to better understand long term investments, and where there money should be spent if needed. This cannot occur without the help and support of friends and family. The real problem comes from within. Many money issues can be resolved if people would stop taking advantage of these young men. Their family and friends should be protecting and providing support to these young athletes, but instead they are being taken advantage of because of their money. This problem will never be fully resolved without the proper action taken by those closest to the players.

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).

The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,

Credibility is another important factor when matching coaches and clients. Boyce, Jackson and Neal (2010) state that, “credibility refers to a coach possessing the necessary credentials to meet client needs and include coaching competence and experience” (p. 917). Not only does credibility involve the coach’s competence and experience, but their ability to hold true to their word. Clients’ expect coaches’ to follow through on their word. With time, this ultimately forms the client’s

College sports can determine a person’s lifestyle. Determines whether or not they can go pro or get a job. Paying athletes can give them a better sense of money. They can learn how to save their money up, learn how to spend it correctly, and a great sense of financial awareness. The problem is that many

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).

When they were in college they never had time to get a job, because they were spending their time doing either school work or practicing/playing the . Also if the athlete is good enough to make it into professionals they will have to manage more money. Tiffany Patterson stated, “One aspect I find lacking in this topic discussion is the ignoring of the very real fact that a lot of athletes are very financially irresponsible.”.

If they make it to the NFL, they will know how to manage their cash. One could feel like helping the athletes manage their money can prepare them for the real world. Also, if they did not make it in football, they would have something to fall back on. They would also know how to manage their money in the real world.

When athletes begin playing on a professional level, they are drafted to a team. Whether it is a large amount or small amount they are signed to a contract. However, some of them use their money unwisely and find themselves in debt. In order to counter this they should be allowed a sum of money while attending school to enable them to be financially aware. Yes, some may argue that scholarships are enough to cover the student’s expenses when in reality it will not be enough to support them all 4 years.

discount so they could receive their funds up front to another individual/firm. In return, Rothstein

People have been entertained by sport since before the gladiators in the Roman Coliseum. In the 20th century, the publics’ passion for sport consumes more and more of their free time. As sports figures became internationally recognized, athletes began to realize their need for professional representation. Thus, sports agents were born. The field of sports agents has grown since then into an enormous field. Agents now deal with every aspect of an athlete’s life. Agents can be considered professional mangers who find the best place for their client’s talent.

It is important that the client is assured that any information revealed in the coaching session is confidential and kept that way, this promotes trust and confidence in the relationship, which in turn will promote openness.

The passages present a discussion about arguments concerning whether or not professional athletes are overpaid. This is an important debate since professional sports represents a multi-billion-dollar-per-year industry. The two positions argue whether or not professional athletes should be paid the large yearly salaries they are paid. Both viewpoints have valid claims warranting consideration. For example, evidence suggests that people with far more important jobs are paid much less than professional athletes; in contrast, opposing evidence suggests that since professional athletes generally have short careers and must train very hard to build and maintain their skills, the higher salary is justified. While both sides of the issue have valid points, the viewpoint that professional athletes are not overpaid is the best-supported position, the position supported by the preponderance of the evidence cited in the passages. The strongest and best reasons supporting this position are that professional athletes must endure grueling and intensive training, they generally have short careers that often end in injury, and the amount that they are thought to be paid is often inflated. Accordingly, these reasons and opposing viewpoints will be discussed next.