Friday, September 26, 2014

How Agents Make Money Out Of Rookie Contracts

(originally posted elsewhere)

The general rule for agents is that their earnings off of negotiated player contracts are capped at 4% of the player's salary. Indeed, 4% is an assumed amount unless otherwise agreed upon, as outlined in section 3(B) of the Standard Player Agent Contract:

If the Player receives compensation in excess of the minimum compensation applicable under the CBA for one or more playing seasons, the Agent shall receive a fee of four percent (4%) of the compensation received by the Player for each such playing season, unless a lesser percent (%) or amount has been agreed to by the parties [...]

In practice, this 4% is rarely deviated from. 4% is the norm, and rarely is it any different, especially in contracts involving the more powerful agents. There was an intriguing case involving Antoine Walker and agent Mark Bartelstein some years ago, in which Bartelstein had agreed the fairly unusual concession upon Antoine's signing of a contract with Atlanta of lowering his standard fee from 4% at the time of signing to 3%, at the player's discretion, if it was felt that Bartelstein 'wasn't doing a good job'. (The case went to arbitration over a disagreement over quite what that phrasing meant, and of how much Walker had to pay him. It was not in dispute that Walker owed Bartelstein, but merely how much, based on the arbiter's findings of whether Walker was entitled to pay only 3% or not. Bartelstein won the case and was awarded a judgement of $671,373.) But this case stands out for its novelty, and is certainly not par for the course.

Tuesday, September 09, 2014

The Second 2014 Tremendous Basketball Player Names Tournament - Second Round

(Click here for first round matchups. Also, click image to enlarge.)

The first round over, and there weren't too many upsets. All 1, 2 and 3 seeds made it through, although Nelson Mandela only just beat the plucky Sydney Smallbone, and Ivana Mandic only barely squeaked out the legendary World B. Free by a couple of votes. World B. Free was the last named put on this ballot, as, due to his level of fame (and thus lack of surprise element) plus the fact that his name had a small if acceptable whiff of fakery about it, I nearly did not include him. But I did, and he rewarded this reluctance with a near 13 v 4 seed upset over one of what I assumed would be one of the pre-tournament favourites. This was arguably the best matchup of the first round, and yet it shouldn't have been.

For rules, entry criteria, proof that this people actually exist and the like, see the intro to the first round. For now, with the polls now closed, it's time for more polls. Here are some more polls.

The Name Is The Window On The Soul Regional

(1) Chastity Gooch v (8) Arthur Pervy:

The first matchup is a great one. Gooch returned 81% of the vote in a hefty victory over the plucky but overmatched Ashley Awkward, while Pervy was even more dominant in an 83% landslide victory over Jackie Bedwell. For this to only be a second round matchup speaks either to the overall strength of the regional, the overall strength of the tournament, or my inability to seed. Or some combination thereof.

Chastity Gooch or Arthur Pervy?

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