Sports Bussiness

On average a sports agents makes 70 lakhs to 1 crore a month

In this article we want to explore what sports agent actually do, what skills and education are needed for the job and what you can earn in that career.

What sports agent do?

In an era when salaries and endosements for professional athletes have skyrocketed, agents are becoming essential players in a multi billion-dollar industry .Being a sports agent can mean working with a famous clients and getting front-row access to some of the biggest sporting events. But it isn’t all perks and glamour

Being a sports agent

Legal Representation –Sports agents are legal reprentatives for professional athletes and coaches .They hanfle the business deals for their clients negotiate contracts and help manage their money
Financial management – In some large sports agencies such as IMA agents deals with all aspects of their clients finances from finances to filling taxes. In addition to finding income sources
Public relations– Sports Agents handle public relations matters for example responding to press inquires and arranging interviews and media appearances

But the job goes beyond advising on legal and financial questions . Often they organise the whole life of athletes. Whether finding a rare pair of sneakers or booking the next summer holidays, agents are the first go to clients

But besides flexible working hours what are the skills you need to bring to the job?

SKILL SET ?

Understand the sport – If you want to work in sports you need to understand it. It is not enough to read the sports section in the newspaper . A 🔑 key part of the job is attending events to find talent that you can work with and represent and take to the next level therefore many agents were actually once professional athletes themselves. Their athletic background earns them credibility. But it is not a requirement to be a former professional athlete as much as you understand the sport you are working on.
Networking – More important are excellent networking and relationship management skills. In many cases sports agent do a lot of travelling to meet club managers, league reprentatives and potential clients. You may even link up with members of the press who write for the leading sports publications.

Negotiation skills – A great network with strong relationship also sets the stage for successful negotiations. Skilled negotiator is a crucial asset of professional agent. The skills of an agent relies a lot on experience but some of it can be leared at school

Education

Sports – However also the agents have evolved their skills to bring added value to the table. Besides the sports background, and legal or finincial expertise is needed to cut it in this field
Legal law– The world of professional athletes have become very sophisticated. The contracts are complex and the amount of money you’re dealing with can be astronomical .Since there is such a need for legal and financial experts many of today ‘s agents are lawyers who have a solid grounding in the business and finance. A growing number of agents also have education background in genernal business or sports.

Business admistration and Sports admisrtration – In recent years many universities launched programs to prepare students for the sports industry now possible to study sports marketing sports law, sports business and more. A sports degree is definitely not required to be successful in the industry. What is required for some agents is a license. This varies from sport to sport .But usually the national association of a respective sport is giving out permits to be an official athlete reprentative.

WHAT SPORTS AGENTS EARNS?

Sports agents usually are paid on commission so it is in their intrest to get there clients the most money they can. They generally receive between 4% to 10% of the athlete’s playing Contract and 10% to 20% of athlete’s endorsement contracts .

Earning range widely depending on how many clients and agents and how much those clients are earning on average a sport agents usually makes 70 laks to 1 crore a month. But extremely agents can actually become millionaires

VIRAT KOHLI SPORTS AGENT BUNTY SAJDEH MADE MILLIONS ON COMMISSIONS

The career of an athlete and therefore also earnings can be a rollercoaster ride. Unknown one day and on the next top of the world the next. But a professional agent can be a person of stability and succesful career..