Becoming a sports agent does not just mean that your earnings will depend only upon your athlete. You even have the opportunity to make money by offering numerous other services such as endorsement possibilities, economic preparing, personal appearances and a lot more.
There is great scope in this business and one can get great benefits in his sports agent salary, due to the remarkable boost in player and advertising deals throughout the last twenty years.
Basically, your sports agent salary is in accordance to the popularity and success of the player or athlete you hire. The more the players are paid, the more is your salary, which can even be over a million dollars per year. This is exactly what sports agent salary is all about.
Sports agents are being paid depending upon the number of services that they provide, which may include:
Generally, a sports agent charges 3-5% of the entire contract.
The next thing for which you can charge is time. A sports agent is basically an attorney and thus, his charges tend to be around $400/hour.
You could even come to an agreement to offer your expertise for a predetermined fee.
The salary can include a combo of any of the above given approaches.
If you like the glitz and glamour of sports then maybe being a sports agent is the job for you. As a sports agent you will handle the business, financial and managing area of the athlete. Although this may sound easy, it is quite a task and requires skill, education and training. Being a sport agent can be rewarding and if you establish a clientele, the sports agent salaries can be over $100,000.00. However, only %5 of sports agents earn this amount. There is risk involved so do your homework and make sure this is the line of work for you.
Hence, in case you are attracted towards the sports industry and want to be a part of it, then being a sports agent is the best option that you can ever have. Once you become a sports agent of a player, you would be the one who will be managing his work, economic as well as supervising section.