In today's world of social media and information sharing dominating virtually every space, people feel empowered to do anything and everything on their own. You can youtube instructions on anything your mind can conjure up. Similarly some pro athletes have chosen to represent themselves in contract negotiations. Are sports agents necessary for pro athletes? Many pro athletes have recently questioned the importance of sports agent representation in contract negotiations.
This year, NFL first-round pick of the Baltimore Ravens, Lamar Jackson, decided to represent himself claiming, "I got a lawyer, and my mom is my manager." Two off-seasons ago, Russell Okung, current Los Angeles Chargers Offensive Lineman and former Seattle Seahawk, published an article announcing he would represent himself in free agency. Okung claimed athletes are able to negotiate all of their contracts without an agent and believed that he knew his own worth better than any agent could. This is simply not true.
Today's athletes have more opportunity than in the past but face more complex types of risks. Before an athlete youtubes how to represent himself, that athlete should consider the fact that representation requires so much more than just knowledge of market value and athlete worth. Let's examine the actual disadvantages and advantages to not hiring an agent.Read More