Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: September 18, 2013
The Firm
201-896-4100 info@sh-law.comIn the aftermath of an exclusive Yahoo! Sports report, which implicates five Southeastern Conference football stars in NCAA rule violations, the details of the case may have a broader impact on sports agent laws.
The Yahoo investigation suggests that five players violated NCAA rules by receiving extra benefits prior to completing their collegiate careers. These players accused of receiving the illegal benefits are Alabama offensive tackle D.J. Fluker, Tennessee quarterback Tyler Bray, Tennessee defensive end Maurice Couch, Mississippi State defensive tackle Fletcher Cox and Mississippi State receiver Chad Bumphis. According to information retrieved by texts and emails, former Alabama football player Luther Davis is accused of providing these benefits to the players as a middleman for sports agents. The report was able to authenticate Western Union fund transfers, banking statements, flight receipts, and other financial materials.
In certain states the transactions may carry wide implications on state sports agents laws. For instance, the Yahoo report confirmed multiple transactions that connect Alabama football player D.J. Fluker to Davis, agents, and financial advisers. If these transactions are verified, all of the aforementioned parties are guilty of the Alabama’s sports agent laws, which require that all agents be licensed by the Alabama Athlete Agents Commission.
Those who operate in an unlicensed capacity are committing a Class C felony, which is punishable by one to 10 years in prison and a fine up to $5,000, All Alabama notes. In addition, initiating contact with a college athlete without being registered is a class A misdemeanor, meaning the perpetrators may face up to one year in prison and a fine up to $2,000.
In addition to the legal complications the report – if verified – could cause in Alabama, it could also raise additional problems for Tennessee and Mississippi State, which are on probation until the summer of 2015 for previous rules violations relating to their respective football programs.
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!