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
Failing to Comply With NJ Rent Control Exemption May Prove Costly
What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Author: Patrick T. Conlon
Crypto Securities Law: When Tokens Become Investment Contracts
The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
Author: Bryce S. Robins
The Due Diligence Process for NY Condominiums and Cooperatives
While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]
Author: Jesse M. Dimitro
Smart Contract Legal Issues: Drafting Agreements for Blockchain
Smart contracts feature a unique blend of legal agreement and technical code. This innovation has the potential to reshape how business is conducted. At the same time, smart contract legal issues around enforceability, jurisdiction, identity, and compliance are common. The legal framework for these self-executing agreements is still evolving. What Are Smart Contracts? Smart contracts, […]
Author: Bryce S. Robins
Are Stay Interviews the Key to Retaining Top Talent?
Retaining top talent continues to be one of the greatest challenges facing employers today. Even in an employer’s market, the loss of a key employee can disrupt operations and result in significant costs. While compensation plays a role, long-term retention often depends on workplace culture, communication, and employee engagement. One increasingly popular strategy for improving […]
Author: Angela A. Turiano
Why Secured Transactions Are Important
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
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.