Why Athletes Go Broke and How a Sports Agent Stops It
Why do so many pro athletes go broke, and what can a sports agent actually do about it? In this episode of Behind the Story, host Jelani Gonzalez talks with a sports agent and sports business consultant who spent 20 years in the U.S. Army before building a career in international basketball and soccer He explains how he protects athletes' money, what he says to a 19-year-old about to sign a first contract, and how an overseas basketball offer that was accepted in two days turned into a lesson about due diligence In this conversation: - Why athletes lose their money and who shares the responsibility - The "10% rule" idea for setting aside part of every contract - How NIL has changed college sports and who benefits - How European transfer fees differ from American trades and salary caps - What a sports agent does beyond the contract, including managing media and family dynamics - A discussion of the Paul Pierce court filings reported this week - How military leadership shaped his approach to representing athletes - Why he walks away from negotiations that turn contentious or nefarious - His hardest lesson: get up, stand up, dust yourself off If you enjoy the show, please leave a 5-star rating and review on Apple Podcasts. It helps more listeners find these conversations. Guest: Adam Spencer, The Spencer Group. spencergroup Music licensed through Soundstripe. Code: BALT25ZPX6CHDWKF Send us Fan Mail Connect with Jelani Youtube Channel Instagram Tik Tok 5thavenuemedia.com
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