How much do agents make from NIL deals? - Fan Arch

How much do agents make from NIL deals?

How much do agents make from NIL deals?

In recent years, the landscape of college athletics has undergone a significant shift, with the NCAA passing new legislation allowing student-athletes to profit from their name, image, and likeness (NIL). This change has opened up a whole new world of opportunities for student-athletes to monetize their talents and build their personal brands. However, navigating the complexities of NIL deals can be challenging, and many student-athletes turn to agents for guidance and representation. But just how much do agents make from NIL deals?

The answer to this question is not straightforward, as the fees charged by agents can vary widely depending on a variety of factors. However, there are some general trends and industry standards that can shed light on the issue.

Firstly, it's important to understand that the standard fee for agents marketing athletes is between 15% and 20% of the athlete's deal. This means that if a student-athlete signs an NIL deal worth $100,000, their agent could potentially take home $20,000 as their commission. However, it's worth noting that this figure is just a general guideline, and there are many factors that can impact the amount of commission an agent charges.

One major factor that can influence commission rates is the level of experience and reputation of the agent. Most agents in the sports and entertainment industry charge more than a 10% commission on deals procured and negotiated. Top-level agents with a track record of securing lucrative deals for their clients may be able to command higher fees than less established agents.

Another factor that can affect commission rates is the location of the agent and the state in which the student-athlete is based. California law, for example, provides that an athletic agent must comply with the state's regulations and charge a 20% commission on all NIL deals secured for the student-athlete. South Carolina, on the other hand, has set a cap on the amount of commission an agent can take on NIL deals at 10%. These differing regulations and requirements can impact the fees charged by agents operating in different states.

However, despite the potential for high fees, some sports marketing firms are taking a different approach to NIL representation. M:7 Sports, a sports marketing firm based in Beaver, Pennsylvania, has become the first of its kind to refuse to charge commission fees on any name, image, and likeness deals negotiated for student-athletes. The company's CEO, Jim Christiana, has urged other companies to follow the firm's lead and end the practice of charging commissions for student-athletes' NIL deals. Christiana argues that the practice of charging commissions is predatory and ensures that select athletes are the only ones who benefit.

So, what does this mean for student-athletes looking to secure representation for their NIL deals? Ultimately, it's important for student-athletes to do their research and carefully consider the fees and services offered by potential agents. While some agents may charge high fees, they may also have the experience and reputation necessary to secure the most lucrative deals. On the other hand, firms like M:7 Sports may offer a more accessible and equitable approach to NIL representation.

It's also worth noting that student-athletes must adhere to certain regulations when it comes to obtaining professional representation for their NIL deals. In California, for example, student-athletes may obtain professional representation from licensed service providers but are limited to NIL representation opportunities only and must pay fair market value for such services. Payment may be contingent on NIL deals secured, but extra benefits not explicitly included in the professional representation agreement are not permitted, as they may affect a student's eligibility. Student-athletes must also provide their school's compliance office with the name and contact information of any athlete agent providing professional representation, but the school will not assess the ability or reputation of an agent.

In conclusion, the fees charged by agents for NIL representation can vary widely depending on a range of factors, including the experience and reputation of the agent, the location of the agent and the student-athlete, and the regulations in place in a particular state. While some agents may charge high fees, others may offer a more accessible and equitable approach. Ultimately, it's important for student-athletes to carefully consider their options and ensure that any agreements they enter into adhere to NCAA regulations and do not conflict with their school's existing contracts.


SHOP Kelee Ringo

LATEST

  • NEWS
  • |
  • ARTICLES
  • |
  • VIDEOS
img_articles

What is the Difference Between Classic and Open...

img_articles

What Does it Mean to Have a Pro Card in Bodybui...

img_articles

How Much Does an IFBB Pro Card Cost?

img_articles

How Long Does the IFBB Pro Card Last?

img_articles

Does IFBB Allow Steroids?

img_articles

Do IFBB Pros Get Paid?

img_articles

The Greatest Female Bodybuilders of All Time

img_articles

What's the Difference Between Women's Physique ...

img_articles

What is Chris Bumstead's Net Worth in 2024?

img_articles

The Dominance of Joey Chestnut in Competitive E...

img_articles

Chris Bumstead: Sculpting the Perfect Physique

img_articles

Ramon Dino: Carving a Legacy in Bodybuilding

img_articles

Hadi Choopan: Defying Odds and Dominating the S...

img_articles

Wesley Vissers: Embracing Classic Bodybuilding

img_articles

Derek Lunsford: Rising Star in Bodybuilding

img_articles

Urs Kalecinski: Shaping the Future of Physique ...

img_articles

Kevin Levrone: Tracing the Career and Influence...

img_articles

Mamdouh Elssbiay: The Egyptian Phenom's Path to...

img_articles

Tom Platz: The Legacy of the Quadfather

img_articles

What is Big Cat's Net Worth in 2024?

img_articles

Kai Greene: The Career and Influence of the Bod...

img_articles

Jo Lindner: The Bodybuilding Visionary

img_articles

How Should a Beginner Start Bodybuilding?

img_articles

How Does Bodybuilding Effect Your Body?

img_articles

Who is the World Champion of Bodybuilding in 2024?

img_articles

Ronnie Coleman and Susan Williamson: A Power Co...

img_articles

The PGA Championship's Innovative NIL Collabora...

img_articles

The Ultimate List of the Top 10 Bodybuilders of...

img_articles

The Role of Technology in Sports: Innovations i...

img_articles

Ronnie Coleman: Top 5 Career Bodybuilding Moments

img_articles

Why Ronnie Coleman is the Greatest Bodybuilder ...

img_articles

Unveiling the Mystery: Sidney Crosby's Girlfrie...

img_articles

Banana Ball Bonanza: Inside the Spectacular Ris...

img_articles

Head Injuries and Suicide: Unraveling the Tragi...

img_articles

Aitana BonmatĂ­: Spain's Sportswoman of the Year

img_articles

The Top 10 Celebrity-Athlete Couples of All Time

img_articles

What is Tony Robbins's Net Worth in 2024?

img_articles

What is Larry Fink's Net Worth in 2024?

img_articles

Does Josina Anderson Still Work for ESPN?

img_articles

What happened to Michelle Beadle on ESPN?

img_articles

What Happened to Colin Cowherd?

img_articles

Is THE HERD WITH COLIN COWHERD Still on the Air?

img_articles

What happened to Elliot Gindi voice actor?

img_articles

Why is the College World Series played in Omaha?

img_articles

Is there a national championship for college ba...

img_articles

Where is the NCAA baseball tournament?

img_articles

Is Celsius a banned substance?

img_articles

How much did Lance Armstrong make off Uber?

img_articles

What is Carter Hart's Net Worth in 2024?

img_articles

Will Carter Hart play in NHL again?

FAN ARCH PODCAST NETWORK

nothing

Kelee Ringo

//script of featured and trending tab div