This legislation is now available for enactment in every state legislature. Today, many college athletes entering the professional ranks are offered huge multi-million dollar contracts. The majority of these athletes have agents who will negotiate those contracts.
Most athlete agents provide valuable services which are greatly needed by student athletes.
The services usually include negotiations with professional sports organizations and securing endorsement contracts. The services may also include financial and investment management, tax planning, legal counseling and a variety of other career management services. However, frequent headlines report improper or illegal contacts between agents, or would-be agents, and athletes with remaining intercollegiate eligibility. The damage caused by improper and illegal enticements to student-athletes is far greater than the casual observer might believe. The student-athlete who enters into an agency contract may lose eligibility and may diminish his or her value in the professional sports market.