Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Agents Could Face Stricter Sports Laws
Author: Scarinci Hollenbeck, LLC
Date: November 8, 2013
Key Contacts
Back
Amateur 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.
- Industries: Entertainment & Media
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Understanding Chattel Paper: A Key Component in Secured Transactions
Using chattel paper to obtain a security interest in personal property is a powerful tool. It can ensure lenders have a legal claim on collateral ranging from inventory to intellectual property. To reduce risk and protect your legal rights, businesses and lenders should understand the legal framework. This framework governs the creation, sale, and enforcement […]
Author: Dan Brecher
Crypto Compliance: A Comprehensive Guide
For years, digital assets operated in a legal gray area, a frontier where innovation outpaced the reach of regulators and law enforcement. In this early “Wild West” phase of finance, crypto startups thrived under minimal oversight. That era, however, is coming to an end. The importance of crypto compliance has become paramount as cryptocurrency has […]
Author: Bryce S. Robins
Supreme Court and Title VII: Implications for Reverse Discrimination
Earlier this month, the U.S. Supreme Court issued a decision in Ames v. Ohio Department of Youth Services vitiating the so-called “background circumstances” test required by half of federal circuit courts.1 The background circumstances test required majority group plaintiffs pleading discrimination under Title VII of the Civil Rights Act to meet a heightened pleading standard […]
Author: Matthew F. Mimnaugh
SPACs Are Back, What You Need to Know
Special purpose acquisition companies (better known as SPACs) appear to be making a comeback. SPAC offerings for 2025 have already nearly surpassed last year’s totals, with additional transactions in the pipeline. SPACs last experienced a boom between 2020–2021, with approximately 600 U.S. companies raising a record $163 billion in 2021. Notable companies that went public […]
Author: Dan Brecher
Short Form Merger: Streamlining the Process for Businesses
Merging two companies is a complex legal and business transaction. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process that involves important corporate governance considerations. A short form merger, in which an acquiring company merges with a subsidiary corporation, offers a more streamlined process. However, […]
Author: Dan Brecher
Tariff Response Options for Small Businesses Facing Financial Distress
The Trump Administration’s new tariffs are having an oversized impact on small businesses, which already tend to operate on razor thin margins. Many businesses have been forced to raise prices, find new suppliers, lay off staff, and delay growth plans. For businesses facing even more dire financial circumstances, there are additional tariff response options, including […]
Author: Brian D. Spector
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
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.