In this industry, everyone is a sleazeball and a loyal friend –it just depends who you’re talking to. Drew Rosenhaus, one of the most well-known sports agents of all-time, currently represents over 170 clients but claims to have personal relationships with each one. While I find this hard to believe, I would not question anything Rosehaus does or says that seems out of the ordinary. Following the 2011 NFL Lockout, Rosesnhaus needed only 30 days to ink 90 deals totaling $600 million and earn an anticipated income of $18 million. However, it is not all fame and fortune for sports agents.
The explosion in professional sports contracts equates to a similar rise in sports agent earnings, which are a percentage of a player’s total salary. Therefore, the seemingly-lucrative sports agent industry has become filled with all different kinds of people and all sorts of problems. Some agents are attorneys, while others could be high school dropouts. Either way, they are both fighting for the elite group of talent that comes out of the college and enters the pros. The NCAA, though, has not made things easy for sports agents or its student-athletes. Current Bylaws and legislation surrounding sports agents are weak, rarely enforced, and in need of serious change to reflect the changing industry of professional sports.