What Does a Sports Attorney Do?

1
What Does a Professional Sports Attorney Do? In
the early part of 2019, the global sports
industry reached 1.1 billion. It's not out of
the ordinary to see young talented athletes
negotiating major contracts in their late teens
or early twenties. At that age, it is difficult
to consider your long-term needs, and know
whether or not you are being treated fairly. An
experienced contract attorney can help in the
negotiation process or major sports contracts,
endorsement contracts, licensing or merchandising
agreements, and any other sports financial
agreements. Also, there are legal issues that
often arise during the transition from being
a full-time athlete and determining what your
life after sports will be. Sports Law FAQs What
is Sports Law? Sports law deals with any and all
laws, regulations, or judicial decisions that
govern professional sports and athletes. Common
matters dealt with are contracts, torts,
agencies, antitrust, labor, trademarks, sex
discrimination, criminal, and taxes. If you are a
professional athlete, consider hiring a sports
attorney to guide you over the legal hurdles you
will most certainly encounter. How Do NFL Player
Contracts Work? Though contracts vary, most NFL
contracts consist of four main components. A
signing bonus, guaranteed money, incentive
clauses, and the salary amount. Higher round
picks receive bigger signing bonuses. Undrafted
players are able to negotiate UFA contracts and
receive a signing bonus based on the team's UFA
cap and the level of talent/worth the player has
to the team. What is An Endorsement Contract? An
endorsement contract is an agreement between a
pro-athlete and a sponsor where the athlete
grants the sponsor the right to use their name,
image, or likeness in advertising the sponsor's
organization, business, products, or services.
Most professional sports leagues have rules when
it comes to endorsement. Why Do I Need a Sports
Lawyer? A sports attorney can help you navigate
the complexities pro-athlete faces during their
career. Such as player contracts, endorsement,
licensing, and merchandising agreements, etc. Due
to the fact that most pro-athletes become very
wealthy, false accusations are often filed
against them. If you are a professional athlete,
consider hiring a sports attorney to guide you
over the legal hurdles you will most certainly
encounter. How a Contract Attorney Can Help A
contract lawyer near you will have the experience
and knowledge to guide you through complex
business and contract related processes and
decisions. He or she can ensure the contracts
you enter into are fair to you and protect your
long-term needs.