Scott Boras for Commissioner!
Posted by SBG on Thursday, May 31st, 2007 at 4:58 pm
Will Carroll suggests that agent Scott Boras might make a good commissioner. I have to believe that he's making far more money representing players than he would as commissioner. Nevertheless, he'd be a strong commissioner (consider how good he is at being an agent for players). Whether he'd be good for the game is another matter.
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I have no idea what Boras makes in a year, but Selig is doing pretty well.
Wouldn't Boras be better suited to be the player's rep? Of course, MLB would probably put a hit out on him before that would ever materialize.
He's a lawyer, Moss. He represents who he's paid to represent.
What is the standard commission for sports agents? 10 percent of the present value of a contract? So he'd have to pull in some $145 million per year in contract values to equal what Selig is making. That's not even figuring in his overhead and staff costs. So double that to ~$300 million per year in client contracts. Sounds like a lot of negotiating. No wonder agents like to negotiate multi-year deals with large bonuses up front
Moss thinks that the standard is actually more like 3%, but that's anecdotal.
Here's what Moss found with some quick research:
"In a sports agent job you can make excellent money. Typically, he or she receives a percentage of an athlete’s deals, with the percentage varying based on the type of deal negotiated. Two of the major sports leagues, the NFL and the NBA, have fee regulations as dictated by their player associations, at 3% and 4% respectively. MLB and the NHL do not command a limit on agent commissions. Experts estimate that MLB agents earn between 3% and 5% on contract negotiations."
I read that Boras gets 5 percent.
But those CBAs don't cover endorsement deals, do they? so he could negotiate a much higher average percentage.
anyway, these numbers make the point even louder. Boras would have to be negotiating a buttload and a half of contract value to earn what Selig is pulling down for whatever the hell it is that he contributes.