In Australia, sports agents have recently been on the receiving end of some bad press. There have been stories of indiscretions in both AFL (Australian Rules Football), involving Ricky Nixon, and NRL (Rugby League), with Sam Ayoub. The reports have tainted both the respective sports as well as the reputation of sports agents. I won’t dwell on the alleged abuses of power, but will take this opportunity to explore some of the more ground breaking sports agent-player relationships.
Agents have played an increasingly prominent role in professional sport since the 1970s. In Australia, according to the Sydney Morning Herald newspaper, the sports of Rugby Union, Rugby League and Australian Rules Football have 65, 89 and 61 agents, respectively, while soccer has 39. On a global scale, soccer has over 5,482 agents accredited by FIFA (the governing body). In America, football has almost 700 NFL accredited agents.
Sports agents are imperative to any athlete and their role is diverse and varied. A good sports agent will essentially manage any activity that boosts the value of the athlete’s career. The most important aspect is negotiating contracts, but agents will also handle public relations, legal issues, investments (creating an income stream for the athlete post-retirement) and public appearances. [click to continue…]
About Chris Conway
Chris is a strategic programs analyst at the Australian Rugby Union (ARU) focusing on, amongst other things, sponsorship research, analytics and acquisition. He holds a MBA from the Australian Graduate School of Business (AGSM). Chris took part in the school’s exchange program by completing a semester at Stern business school, NYU where he studied sports marketing and sports economics. Connect with him on Twitter and LinkedIn.
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