Intro to Sports Management - Quiz #8 Questions and
Correct Answers | Latest Update
Which one does not describe the ways that players associations support
players? Ans: Providing them with equipment and instruction to enable
them to perform at the highest possible level.
Discuss the four (4) methods of fees charged by agents. Ans: Percentage
of compensation method: usually covers negotiation plus all the work
related to the provisions of the contract over its term
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Hourly rate
Flat fee arrangement: athlete must pay agent a certain amount of money
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that is agreed on before agents act for the athlete
Hourly rate with a compensation cap
List at least 5 tasks commonly performed by a sports agent. Ans:
Marketing
Legal counseling
Financial planning
Negotiating and administering an athletes or coach's contact
Dispute resolution
As professional sports grew and became televised nationally
opportunities for athletes to endorse products decreased. Ans: False
Many lawsuits concerning a sport agent's incompetence, fraud and
breach of fiduciary duties involve financial planning and investing. Ans:
True
Five key problems in the sport agency profession do NOT include Ans:
the agents' lack of understanding of the rules of the game