Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: November 8, 2013
The Firm
201-896-4100 info@sh-law.comAmateur athletes are prohibited from having any contact with a sports agent before declaring themselves eligible for a professionals sports league’s draft. But, this hasn’t stopped agents from trying to secure top clients while they are still in school.
In an effort to strengthen the penalties agents face for providing gifts to college athletes or engaging in other improper conduct, a committee is revising the Uniform Athlete Agents Act – the sports law that outlines how to punish agents who commit infractions.
Not only would the revised law increase fines and strengthen agent registration requirements, but it would also broaden the law to cover more people, including runners, financial advisers and marketers.
Committee chairman Dale Higer told The Associated Press that changes certainly need to be made to the law moving forward, and any revisions would be implemented in 2015 at the earliest.
“I personally agree that a lot of work needs to be done to make it likely to be enforced and penalize agents that don’t comply in a significant way,” Higer said. “At the end of the day, when we get it done, I hope that the provision will be such that the agents will rue the day that they violated the act.”
One of the most recently publicized breaches of the law happened at the University of North Carolina. Patrick Mitchell Jones – a Georgia real estate agent – made his first court appearance in early October for allegedly providing former Tar Heels football player Robert Quinn with $725 to sign with sports agent Terry Watson.
With stronger laws in place, situations such as these might be less frequent, as agents could be deterred from offering amateur athletes money. As a result, there will likely be fewer suspensions for college athletes for receiving improper benefits – a positive for all parties involved.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Breach of contract disputes are the most common type of business litigation. Therefore, nearly all New York and New Jersey businesses will likely have to deal with a contract dispute at least once. Understanding when to file a breach of contract lawsuit and how long you have to sue for breach of contract is essential […]
Author: Brittany P. Tarabour
Closing your business can be a difficult and challenging task. For corporations, the process includes formal approval of the dissolution, winding up operations, resolving tax liabilities, and filing all required paperwork. Whether you need to understand how to dissolve a corporation in New York or New Jersey, it’s imperative to take all of the proper […]
Author: Christopher D. Warren
Commercial leases can take a variety of forms, which is often confusing for both landlords and tenants. Understanding the different types, especially the gross lease structure, is important when selecting the lease that best suits your needs. One key distinction between lease types is how rent is calculated and paid. This article addresses the two […]
Author: Robert L. Baker, Jr.
Over the past year, brick-and-mortar stores have closed their doors at a record pace. Fluctuating consumer preferences, the rise of online shopping platforms, and ongoing economic uncertainty continue to put pressure on the retail industry. When a retailer seeks bankruptcy protection, a myriad of other businesses are often impacted. Whether you are a supplier, customer, […]
Author: Brian D. Spector
Since his inauguration two months ago, Donald Trump’s administration and the Congress it controls have indicated important upcoming policy changes. These changes will impact financial services policies and priorities. The changes will particularly affect cryptocurrency, as well as banking rules and regulations. Key Regulatory Changes in Cryptocurrency For example, in the burgeoning cryptocurrency business environment, […]
Author: Dan Brecher
The retail sector has experienced a wave of bankruptcy filings over the last year. Brick-and-mortar businesses in financial distress include big-name brands like Big Lots, Party City, The Container Store, and Vitamin Shoppe. When large retailers seek bankruptcy protection, they are not the only businesses impacted. Landlords can be particularly hard hit. While commercial landlords […]
Author: Brian D. Spector
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!