Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: November 8, 2013
The Firm
201-896-4100 info@sh-law.comAmateur athletes are prohibited from having any contact with a sports agent before declaring themselves eligible for a professionals sports league’s draft. But, this hasn’t stopped agents from trying to secure top clients while they are still in school.
In an effort to strengthen the penalties agents face for providing gifts to college athletes or engaging in other improper conduct, a committee is revising the Uniform Athlete Agents Act – the sports law that outlines how to punish agents who commit infractions.
Not only would the revised law increase fines and strengthen agent registration requirements, but it would also broaden the law to cover more people, including runners, financial advisers and marketers.
Committee chairman Dale Higer told The Associated Press that changes certainly need to be made to the law moving forward, and any revisions would be implemented in 2015 at the earliest.
“I personally agree that a lot of work needs to be done to make it likely to be enforced and penalize agents that don’t comply in a significant way,” Higer said. “At the end of the day, when we get it done, I hope that the provision will be such that the agents will rue the day that they violated the act.”
One of the most recently publicized breaches of the law happened at the University of North Carolina. Patrick Mitchell Jones – a Georgia real estate agent – made his first court appearance in early October for allegedly providing former Tar Heels football player Robert Quinn with $725 to sign with sports agent Terry Watson.
With stronger laws in place, situations such as these might be less frequent, as agents could be deterred from offering amateur athletes money. As a result, there will likely be fewer suspensions for college athletes for receiving improper benefits – a positive for all parties involved.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Secured transactions form the backbone of a wide range of business dealings, including business loans, mortgages, and inventory financing. Because the stakes are often high and relatively minor oversights can have drastic consequences, lenders and borrowers should thoroughly understand how to form an enforceable security agreement that protects their legal rights. What Is a Secured […]
Author: Dan Brecher
Cashing a check marked “paid in full” can be a risky endeavor, particularly if you don’t fully understanding the legal implications. If you are owed more than the amount of the check you accept and deposit, you may waive your right to collect the full disputed amount. That is why you should consider either rejecting […]
Author: Dan Brecher
The One Big Beautiful Bill Act of 2025 (OBBBA) significantly impacts federal taxes, credits, and deductions. A key change relating to Qualified Small Business Stock (QSBS) allows greater tax-free gains for investments in startups and other qualifying small businesses. Company founders and other investors should understand how the enhanced tax strategy works or risk missing […]
Author: Dan Brecher
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!