MUScoop
MUScoop => Hangin' at the Al => Topic started by: MattVelazquez on April 11, 2016, 03:00:06 PM
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Henry Ellenson signs with Roc Nation Sports
Former Marquette standout Henry Ellenson, who last Tuesday announced his decision to leave for the NBA draft after one year with the Golden Eagles, has signed with an agency.
Source: Henry Ellenson signs with Roc Nation Sports (http://www.jsonline.com/blogs/sports/375298501.html)
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HE and Jay-Z!
It's the Roc baby!
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I thought I saw Beyonce up in Rice Lake a couple weeks ago. At first I thought it was for the snowmobiling, but I guess this makes more sense.
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Ellenson to the Nets?
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I thought I saw Beyonce up in Rice Lake a couple weeks ago. At first I thought it was for the snowmobiling, but I guess this makes more sense.
Making new lyrics for her next song "the golden warrior"
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Fun fact he's not the only MU alum with Roc Nation. There's a pro boxer signed to them as well.
http://throneboxing.com/fighters/luis-arias/
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Ellenson to the Nets?
I know you're kidding. I read Jay Z had to sell his share to become an agent. He's no longer an owner.
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Puzzlin'? Gotta go with da proven winners, Creative Artists, hey?
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Looks like a wise decision.
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WTF? C'mon Hank: you're better than getting suckered in by a rapper. He didn't even have appropriately sized swag for you to wear...
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I know you're kidding. I read Jay Z had to sell his share to become an agent. He's no longer an owner.
http://www.wetpaint.com/jay-z-sells-barclays-center-607314/
In reality, Jay Z only has one-fifteenth of a one percent stake in the Nets, which he sold to coach Jason Kidd for $500,000. He also owns slightly less than one-fifth of one percent of the Barclays Center, which he should receive $1.5 million plus for.
With the caveat that these are all made-up numbers, I have to call BS on this.
Jay-Z 0.073% for $500k means the Nets (again the Nets!) are worth $6.85 billion.
His ownership in the Barclays Center was valued at $7.5 billion
The Bucks were sold for $550 million 2014 and Steve Ballmer paid $2 billion for the Clippers in 2015.
And then their is this
Brooklyn Nets News: Owner Explores Selling NBA Team; What Are The Nets Worth?
10/03/14 AT 2:30 PM
http://www.ibtimes.com/brooklyn-nets-news-owner-explores-selling-nba-team-what-are-nets-worth-1699230
ESPN reports that the Nets asking price values the team at $1.2 billion and Barclays Center, which opened in 2012, at $1.1 billion. Forbes valued the Nets this year at $780 million
My guess is Jay-Z loaned Kidd most of the money to buy the Nets and told Kidd he did not have to pay him back. (to be clear, Jay-Z gave Kidd a bunch of money to have Kidd give it right back to Jay-Z)
Again these are all made up numbers.
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This is a dumb question, but I don't know the answer so that's why I'm asking...
What value does an agent provide for a shoe-in NBA lottery pick? Aren't contracts dictated pretty strictly by draft order?
Obviously they are important after the initial contract when there is much more negotiation, free agency, etc. But what do they do for someone like Henry? Isn't the salary and length of contract already known the minute he is drafted? What is the agent bringing to the table that justifies the cost?
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This is a dumb question, but I don't know the answer so that's why I'm asking...
What value does an agent provide for a shoe-in NBA lottery pick? Aren't contracts dictated pretty strictly by draft order?
Obviously they are important after the initial contract when there is much more negotiation, free agency, etc. But what do they do for someone like Henry? Isn't the salary and length of contract already known the minute he is drafted? What is the agent bringing to the table that justifies the cost?
For someone like Henry, I'm sure they come in with ancillary marketing, such as shoe contracts, commercials, and other marketing opportunities. Probably don't play a huge role in the negotiations of the first contract (though I'm sure they take a cut of it) but as you said, ideal to have them in place so they can start working on marketing you for the future from day one.
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WTF? C'mon Hank: you're better than getting suckered in by a rapper. He didn't even have appropriately sized swag for you to wear...
Agree on the swag (needs a better picture), but you're 100% wrong on Jay-Z. He is a world class businessman!
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For someone like Henry, I'm sure they come in with ancillary marketing, such as shoe contracts, commercials, and other marketing opportunities.
Thanks, I knew I was missing something :)
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Agree on the swag (needs a better picture), but you're 100% wrong on Jay-Z. He is a world class business, man!
FIFY
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I thought I saw Beyonce up in Rice Lake a couple weeks ago. At first I thought it was for the snowmobiling, but I guess this makes more sense.
There's good pie to be had up there in Rice Lake. Damn good pie. Why wouldn't a member of the gliteratti be there?
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There's good pie to be had up there in Rice Lake. Damn good pie. Why wouldn't a member of the gliteratti be there?
Didn't know Beyoncé was into pie. But those celebs will try anything once, right?
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Uh oh. That doesn't look like Lalumier Language Hall. Can't take the APR hit!
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Did she go to the Nook in the afternoon or evening?
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FIFY
Hah, I had originally typed "businessman... I mean business, man!" but then figured a lot here wouldn't get the reference.
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Didn't know Beyoncé was into pie. But those celebs will try anything once, right?
They got some good que in RL now.
http://www.oldsouthernbbq.com/home
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Hah, I had originally typed "businessman... I mean business, man!" but then figured a lot here wouldn't get the reference.
Even Warren Buffet is down with the R.O.C
(http://thereformedbroker.com/wp-content/uploads/2012/01/buffett-rocafella.jpg)
Congrats Hank
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Still think the kid should have stayed at Marquette.
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A few appearances in Jay-Z music videos will do wonders for recruiting.
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Still think the kid should have stayed at Marquette.
(https://media.giphy.com/media/aiKqCiMmlHgPK/giphy.gif)
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Agree on the swag (needs a better picture), but you're 100% wrong on Jay-Z. He is a world class businessman!
Hmmm.....some good, some not so good. Tidal comes to mind.
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Henry Ellenson signs with Roc Nation Sports
Former Marquette standout Henry Ellenson, who last Tuesday announced his decision to leave for the NBA draft after one year with the Golden Eagles, has signed with an agency.
Source: Henry Ellenson signs with Roc Nation Sports (http://www.jsonline.com/blogs/sports/375298501.html)
So much for the theory that Henry was surrounding himself with quality people.....
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So much for the theory that Henry was surrounding himself with quality people.....
??? What's wrong with ROC Sports?
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??? What's wrong with ROC Sports?
Here is a small example of the owners character:
Criminal charges
On December 1, 1999, Jay Z, who had come to believe that record executive Lance "Un" Rivera was behind the bootlegging of Vol. 3..., allegedly stabbed Rivera at the release party for Q-Tip's album Amplified at the Kit Kat Klub, a now-defunct night club in Times Square, New York City. Jay Z's associates at the party were accused of causing a commotion within the club, which Jay Z allegedly used as cover when he supposedly stabbed Rivera in the stomach with a five-inch (127 mm) blade.[165] He surrendered to police the following evening and was placed under arrest, although he was soon released on $50,000 bail.[166][167] When he was indicted in Manhattan Criminal Court in late January 2000, he pleaded not guilty; he and his lawyers contended that they had witnesses and videotapes proving he had been nowhere near Rivera during the incident. Nevertheless, he later pleaded guilty to a misdemeanor and accepted a three-year probation sentence.[168]
Jay Z later addressed the case in his 2010 book Decoded:
One night I went to Q-Tip's solo album release party and at some point in the night, I ran into the guy everyone's been telling me is behind the bootleg. So I approached him. When I told him what I suspected, to my surprise, he got real loud with me right there in the middle of the club. It was strange. We separated and I went over to the bar. I was sitting there like, "No the unnatural carnal knowledge this nigga did not....." I was talking to people, but I was really talking to myself out loud, just in a state of shock. Before I even realized what I was doing, I headed back over to him, but this time I was blacking out with anger. The next thing I knew, all hell had broken loose in the club. That night the guy went straight to the police and I was indicted...
There was no reason to put my life on the line, and the lives of everyone who depends on me, because of a momentary loss of control..... I vowed to never allow myself to be in a situation like that again.[169]
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Oh that.
Well you've been bashing Henry since he started at MU, so now you have a reason to carry that nonsense into the pros.
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Oh that.
Well you've been bashing Henry since he started at MU, so now you have a reason to carry that nonsense into the pros.
Here is another one. Henry is being represented by a first class thug.
http://washington.cbslocal.com/2012/09/19/jay-zs-past-includes-being-crack-dealer-stabbing-record-producer/
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Here is another one. Henry is being represented by a first class thug.
http://washington.cbslocal.com/2012/09/19/jay-zs-past-includes-being-crack-dealer-stabbing-record-producer/
(https://thescienceinformant.files.wordpress.com/2011/12/fainting_couch.jpg)
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Lol. Scoop is awesome man.
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Hmmm.....some good, some not so good. Tidal comes to mind.
I'm not very familiar with Tidal, but if the increase of 2.5M subscribers (total 3M) reported a couple weeks ago is correct, I wouldn't call it "not so good". At a minimum of $10/month per subscriber, that $3M/month, $36M/year revenue on a $50M investment (again, minimum) isn't too shabby...especially if the growth continues.
Certainly there's been a lot of bad media in the past year, but not a flop yet. You could have called the first 5 years of SpaceX a flop too.
And even if Tidal flops - it's a small part of Jay-Z's portfolio.
But I can understand why you're unhappy, ROC is not a "Traditional" sports management company.
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So much for the theory that Henry was surrounding himself with quality people.....
Your two examples are from when Henry was 1yr old and 1982. Are you saying people don't change? Who were you 17yrs ago? How about who were you in 1982...
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Your two examples are from when Henry was 1yr old and 1982. Are you saying people don't change? Who were you 17yrs ago? How about who were you in 1982...
People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.
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People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.
hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
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Does the ignore button not exist anymore? I really need to use it.
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Being described as a Point Forward is the biggest crime of this whole thing.
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People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.
How young do you think I am that I've never been in the business world? Maybe in return I play the "you've never been an urban youth" card.
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How young do you think I am that I've never been in the business world? Maybe in return I play the "you've never been an urban youth" card.
I do lots of business with Urban Youth. This will play out down the road when Henry finds out he has no money. It is a very classic scenario.
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People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.
While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.
In other words, you don't need a rap sheet to act like a shady criminal.
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I do lots of business with Urban Youth. This will play out down the road when Henry finds out he has no money. It is a very classic scenario.
Does that equate to being an urban youth? Roc Nation has been very good to Luis Arias and I expect it'll do the same for Henry. Many Rap stars are business geniuses when it comes to the entertainment industry Dr Dre, Eminem, Kanye to name a few. They're very connected for endorsement deals and to athletes. I'd say your just being a grumpy person because of Jay z's hip hop persona. The guys married, has a kid, runs more business side of things than music now.
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While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.
In other words, you don't need a rap sheet to act like a shady criminal.
All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents. He has a clean cut All American image and talent, and all the endorsement he could ever want will come his way.
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All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents. He has a clean cut All American image and talent, and all the endorsement he could ever want will come his way.
C l u e l e s s
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This is a dumb question, but I don't know the answer so that's why I'm asking...
What value does an agent provide for a shoe-in NBA lottery pick? Aren't contracts dictated pretty strictly by draft order?
Obviously they are important after the initial contract when there is much more negotiation, free agency, etc. But what do they do for someone like Henry? Isn't the salary and length of contract already known the minute he is drafted? What is the agent bringing to the table that justifies the cost?
1. Money
2. Money
3. Money
4. Money
Steph Curry's shoe business with UA may possibly be worth up to $14 BILLION to the company. His agent better have known this and how to make a deal before Steph signed any papers.
Salary is only a minority percentage of many player's income - especially if they are represented well.
They are not represented by one agent - rather it is a stable of experts in many fields including sports, product representation, tax accounting, investment and more.
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This will play out down the road when Henry finds out he has no money. It is a very classic scenario.
Yep, that's Jay-Z's master strategy, bankrupt his own clients in order to grow his representation business.
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While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.
In other words, you don't need a rap sheet to act like a shady criminal.
This sums up my thoughts on the issue.
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Yep, that's Jay-Z's master strategy, bankrupt his own clients in order to grow his representation business.
That is not how guys like that look at things. Everything is how much can they steal and get away with.
This stuff plays out over a long period of time.
http://www.propertycasualty360.com/2012/10/22/broke-5-financial-horror-stories-of-professional-a?page=2&slreturn=1460481029
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This sums up my thoughts on the issue.
"I got the shotgun, you got the briefcase."
http://m.youtube.com/watch?v=yu3qIakos9k
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Sounds/looks like Hank was probably out in LA shopping around for agents recently, ai'na?
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All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents. He has a clean cut All American image and talent, and all the endorsement he could ever want will come his way.
You do know that there is "doing" your taxes and then there is "tax planning," right?
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Does the ignore button not exist anymore? I really need to use it.
See the last tip on this post...
http://www.muscoop.com/index.php?topic=3.0
And folks - even if you are a racist, try not to prove it here. It's embarrassing to see this level of ignorance. from Marquette fans/grads.
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That is not how guys like that look at things. Everything is how much can they steal and get away with.
This stuff plays out over a long period of time.
http://www.propertycasualty360.com/2012/10/22/broke-5-financial-horror-stories-of-professional-a?page=2&slreturn=1460481029
"Jay Z sold cocaine when he was 13, therefore he will steal Henry Ellenson's money."
And folks - even if you are a racist, try not to prove it here. It's embarrassing to see this level of ignorance. from Marquette fans/grads.
Lol...yeah.
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Steph Curry's shoe business with UA may possibly be worth up to $14 BILLION to the company. His agent better have known this and how to make a deal before Steph signed any papers.
Salary is only a minority percentage of many player's income - especially if they are represented well.
They are not represented by one agent - rather it is a stable of experts in many fields including sports, product representation, tax accounting, investment and more.
http://www.cbssports.com/nba/eye-on-basketball/25503461/stephen-curry-may-be-worth-141-billion-to-under-armours-value
This is merely a wild-eyed made up Wall Street number designed to trick everyone into buying their stock. It is not designed to give one a better understanding of what is happening.
(He is saying UA stock is going to $127, it is now at $40)
Also the analyst notes that if Steph Curry merely is as popular as Michael Jordan, the stock will not reach this target. The analyst is making the case that Curry will be more popular that Jordan. Good luck with that
Meanwhile in the world of actual numbers.
UA's stock is lower now that the start of the NBA season. So 72 wins later has done nothing for UA (see a stock chart, this is Disney all over again, the money has been made, it is done. Going sideways for years).
Curry was making $4 million/year from UA, signed a new deal last fall locking him up through 2024
http://espn.go.com/nba/story/_/id/13672569/stephen-curry-extends-sponsorship-deal-armour-2024
Terms were not disclosed. But back to this $14 billion number. Here is the reality of UA and Curry:
Sales of shoes were up 40 percent last quarter, with the Curry One helping Under Armour sell a record $153 million in shoes in three months. On Wednesday, the brand's founder and CEO, Kevin Plank, told investors that its footwear business, which made up 14 percent of its $3 billion in sales last year, would make up an estimated 22 percent of its projected $7.5 billion in sales by 2017.
Again, Plank's numbers above are the perfect storm, everything goes right and Curry has to be more popular than Jordan.
The larger point is all the numbers in this space are made up so be extra careful with them.
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And folks - even if you are a racist, try not to prove it here. It's embarrassing to see this level of ignorance. from Marquette fans/grads.
+1
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And folks - even if you are a racist, try not to prove it here. It's embarrassing to see this level of ignorance. from Marquette fans/grads.
Tex meant to say Henry should hire some traditional attorneys and accountants. That way he could absolve himself of the racism later.
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I have to believe that a number of informed people were sought out for advice on who to pick for an agent, including Wojo.
I'm good with this.
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http://www.cbssports.com/nba/eye-on-basketball/25503461/stephen-curry-may-be-worth-141-billion-to-under-armours-value
This is merely a wild-eyed made up Wall Street number designed to trick everyone into buying their stock. It is not designed to give one a better understanding of what is happening.
(He is saying UA stock is going to $127, it is now at $40)
copy / paste
copy / paste
You miss the entire point. UA had no presence in the basketball show market before Steph. Now they are an established player. they have passed Adidas for 2nd place behind Nike. Having Steph now gives them credibility to pursue other young players who aren't locked up.
They are nowhere near Nike with Jordan, Lebron, Kobe, Durant, etc., but they are now players in the field and are in a position where someday in the future, they could compete with Nike for all the top players.
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You miss the entire point. UA had no presence in the basketball show market before Steph. Now they are an established player. they have passed Adidas for 2nd place behind Nike. Having Steph now gives them credibility to pursue other young players who aren't locked up.
They are nowhere near Nike with Jordan, Lebron, Kobe, Durant, etc., but they are now players in the field and are in a position where someday in the future, they could compete with Nike for all the top players.
No I get that. But it's all about made up numbers, like Jay-Z selling his 0.073% of the Nets to Jason Kidd at a valuation of $6.85 billion.
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No I get that. But it's all about made up numbers, like Jay-Z selling his 0.073% of the Nets to Jason Kidd at a valuation of $6.85 billion.
That's what business is. that's why owners never want to open their books at contract negotiations with the Players' unions.
They want those made up numbers to be public. They would have to show real numbers if they open their books.
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Article on ROC Nation with Ellenson recruitment mention.
https://www.washingtonpost.com/sports/inside-roc-nation-sports-jay-zs-high-end-boutique-athlete-agency/2016/05/26/42287430-2372-11e6-8690-f14ca9de2972_story.html#
Didn't mention when Jay Z was planning on stealing his money. Perhaps that comes in part two?
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Article on ROC Nation with Ellenson recruitment mention.
https://www.washingtonpost.com/sports/inside-roc-nation-sports-jay-zs-high-end-boutique-athlete-agency/2016/05/26/42287430-2372-11e6-8690-f14ca9de2972_story.html#
Didn't mention when Jay Z was planning on stealing his money. Perhaps that comes in part two?
Henry has a wholesome All American story and doesn't need to dilute it with these kind of people. He could have hired the best corporate attorney in Milwaukee or Minneapolis to handle his contracts. The rest would have taken care of itself naturally with his success on the court.
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Henry has a wholesome All American story and doesn't need to dilute it with these kind of people. He could have hired the best corporate attorney in Milwaukee or Minneapolis to handle his contracts. The rest would have taken care of itself naturally with his success on the court.
Really? You don't think agents play a role in endorsement deals?
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Henry has a wholesome All American story and doesn't need to dilute it with these kind of people. He could have hired the best corporate attorney in Milwaukee or Minneapolis to handle his contracts. The rest would have taken care of itself naturally with his success on the court.
It seems a bit odd to get a corporate lawyer who knows nothing about the NBA to handle these things. It's not rocket science to learn the rules, but if it were me, I m going with someone who has negotiated a contract in the NBA before - worked with off court sponsors, etc.
But hey - it does sure cultivate an image if you go with the yooper that stayed in the holiday inn express instead.
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Henry has a wholesome All American story and doesn't need to dilute it with these kind of people. He could have hired the best corporate attorney in Milwaukee or Minneapolis to handle his contracts. The rest would have taken care of itself naturally with his success on the court.
"these kind of people" ???
"The rest would have taken care of itself naturally with his success on the court" ????
Why even have lawyers if everything happens naturally, anyway? Do all monetary contracts happen "naturally"?
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"these kind of people" ???
"The rest would have taken care of itself naturally with his success on the court" ????
Why even have lawyers if everything happens naturally, anyway? Do all monetary contracts happen "naturally"?
Why do you hire "those kinds of people (plumbers)" when you need something fixed with your pipes? Because they have experience in what they do, they have the connections for areas they might not know, and they've done it countless times before. NY makes some huge assumptions about what an agency actually does.
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Henry has a wholesome All American story and doesn't need to dilute it with these kind of people. He could have hired the best corporate attorney in Milwaukee or Minneapolis to handle his contracts. The rest would have taken care of itself naturally with his success on the court.
(http://rewire.news/wp-content/uploads/2014/10/thatsracist.gif)
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Why do you hire "those kinds of people (plumbers)" when you need something fixed with your pipes? Because they have experience in what they do, they have the connections for areas they might not know, and they've done it countless times before. NY makes some huge assumptions about what an agency actually does.
Jake, why hire a plumber when my neighbor fixed his pipes once? ;D.
NY Fan doesn't seem to have much experience in the business world.
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Jake, why hire a plumber when my neighbor fixed his pipes once? ;D.
NY Fan doesn't seem to have much experience in the business world.
I think his point is that you're pretty much slotted into your contract value based on draft position (not an expert but I think that's right) so there isn't enough value that an agent adds to your first contract to justify a percentage of your salary vs. the hourly rate a lawyer would charge.
So an agent needs to provide you avenues to maximize the ancillary income and offer other advice to help you max out that next contract. I agree an agent is probably the way to go for a lottery pick, but it is not the total no-brainer you guys make it out to be.
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I think his point is that you're pretty much slotted into your contract value based on draft position (not an expert but I think that's right) so there isn't enough value that an agent adds to your first contract to justify a percentage of your salary vs. the hourly rate a lawyer would charge.
So an agent needs to provide you avenues to maximize the ancillary income and offer other advice to help you max out that next contract. I agree an agent is probably the way to go for a lottery pick, but it is not the total no-brainer you guys make it out to be.
Agents handle more than the contracts with the team.
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I think his point is that you're pretty much slotted into your contract value based on draft position (not an expert but I think that's right) so there isn't enough value that an agent adds to your first contract to justify a percentage of your salary vs. the hourly rate a lawyer would charge.
So an agent needs to provide you avenues to maximize the ancillary income and offer other advice to help you max out that next contract. I agree an agent is probably the way to go for a lottery pick, but it is not the total no-brainer you guys make it out to be.
It is a complete no brainer. Your agent needs to have contacts in the business and be able to get you all the information necessary to make you the most marketable player you can be. Who's going to be picking around when you're projected to go and who in that range has a need at your position? Who might look to trade into that range? Who should you work out for and who should you not waste your time and energy with? What organizations are run well and what organizations are run poorly? What organizations would you fit in with best and which ones would you not fit in? Should you play in the live games at the Combine or not? What trainers should you work out with, what chefs should you have cook for you, etc.? What endorsement opportunities are out there for you? What public appearances, what statements should you make, who should you trust to responsibly handle and invest your money, etc. etc. etc.
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I think his point is that you're pretty much slotted into your contract value based on draft position (not an expert but I think that's right) so there isn't enough value that an agent adds to your first contract to justify a percentage of your salary vs. the hourly rate a lawyer would charge.
So an agent needs to provide you avenues to maximize the ancillary income and offer other advice to help you max out that next contract. I agree an agent is probably the way to go for a lottery pick, but it is not the total no-brainer you guys make it out to be.
Yes. NBA runs with slot. But an agent does a LOT more for a player than just get a contract and a few endorsements. It's a pretty big no-brainer to get someone who has been around the block a few times.
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All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents. He has a clean cut All American image and talent, and all the endorsement he could ever want will come his way.
Actually, we have $500/hr attorneys and CPAs from Mpls & Mke right here.
(I would actually consider paying the fees just to see Mutaman and JayBee working on the same team... now that'd be money well spent.)
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Jake, why hire a plumber when my neighbor fixed his pipes once? ;D.
NY Fan doesn't seem to have much experience in the business world.
There is absolute no need for an "agent" at this point in Henry's career. The pay scales are slotted and there is a draft so he has no real choice where he is going. The contract can be handled by any reasonably competent corporate attorney. A tax accountant is necessary do to the complexities of state filings. Further down the road ,If Henry does well on the court, he can hire a PR firm for a very nominal price. They will get him plenty of hype of promotion and companies will be pounding on the door for endorsements. The large corporations who pay the big contracts prefer to deal with solid professionals. Collectively those three professionals are the appropriate "agents" a kid like Henry needs.
The concept of agent that people see in the "Jerry McGuire" movie is far from the reality of what is actually required and Henry is paying a fortune for something not really needed. I don't blame Henry, as he and his family have no experience in these matters. So they default to the glossy presentation.
My comments are based on years of experience dealing with these kinds of issues with professional sports teams, their owners and players, drivers etc and the branded products world and media industry that create the economic wheelhouse around that the players benefit from.
I am sure in the short run everything for Henry will work out fine the way it is. The potential trouble will come when he becomes a solid player and hits on a big second contract. Ask Kareem how things went with him and his "agent"
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There is absolute no need for an "agent" at this point in Henry's career. The pay scales are slotted and there is a draft so he has no real choice where he is going. The contract can be handled by any reasonably competent corporate attorney. A tax accountant is necessary do to the complexities of state filings. Further down the road ,If Henry does well on the court, he can hire a PR firm for a very nominal price. They will get him plenty of hype of promotion and companies will be pounding on the door for endorsements. The large corporations who pay the big contracts prefer to deal with solid professionals. Collectively those three professionals are the appropriate "agents" a kid like Henry needs.
The concept of agent that people see in the "Jerry McGuire" movie is far from the reality of what is actually required and Henry is paying a fortune for something not really needed. I don't blame Henry, as he and his family have no experience in these matters. So they default to the glossy presentation.
My comments are based on years of experience dealing with these kinds of issues with professional sports teams, their owners and players, drivers etc and the branded products world and media industry that create the economic wheelhouse around that the players benefit from.
I am sure in the short run everything for Henry will work out fine the way it is. The potential trouble will come when he becomes a solid player and hits on a big second contract. Ask Kareem how things went with him and his "agent"
Yet pretty much every player has one. Including players like Ray Allen who with great fanfare went without one, then ended up hiring one later on in his career.
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Yet pretty much every player has one. Including players like Ray Allen who with great fanfare went without one, then ended up hiring one later on in his career.
I am not saying have a representative, I am just drilling down on what I believe the appropriate level of representation is.
http://www.fool.com/investing/general/2013/05/01/kareem-abdul-jabbars-biggest-money-regret.aspx
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???
So because Kareem's agent was a fraud, or Kareem didn't pay enough attention, therefore agents are bad?
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There is absolute no need for an "agent" at this point in Henry's career. The pay scales are slotted and there is a draft so he has no real choice where he is going. The contract can be handled by any reasonably competent corporate attorney. A tax accountant is necessary do to the complexities of state filings. Further down the road ,If Henry does well on the court, he can hire a PR firm for a very nominal price. They will get him plenty of hype of promotion and companies will be pounding on the door for endorsements. The large corporations who pay the big contracts prefer to deal with solid professionals. Collectively those three professionals are the appropriate "agents" a kid like Henry needs.
The concept of agent that people see in the "Jerry McGuire" movie is far from the reality of what is actually required and Henry is paying a fortune for something not really needed. I don't blame Henry, as he and his family have no experience in these matters. So they default to the glossy presentation.
My comments are based on years of experience dealing with these kinds of issues with professional sports teams, their owners and players, drivers etc and the branded products world and media industry that create the economic wheelhouse around that the players benefit from.
I am sure in the short run everything for Henry will work out fine the way it is. The potential trouble will come when he becomes a solid player and hits on a big second contract. Ask Kareem how things went with him and his "agent"
I'm stunned the same guy who thinks "those people who serve no purpose for Hank", is the same guy who is terrified he might be murdered if he walked around the neighborhood near the Barclay's Center at night.
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I'm stunned the same guy who thinks "those people who serve no purpose for Hank", is the same guy who is terrified he might be murdered if he walked around the neighborhood near the Barclay's Center at night.
Brooklyn is not as safe as they would like you to think it is.
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Brooklyn is not as safe as they would like you to think it is.
You are not as smart as you would like people to think you are.
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Anyone else hearing that Hank looked slow vertically at team tryouts?
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In the recent mocks the earliest I've been seeing him go is 9 to Toronto. Still the right decision for him to leave, but the "ceiling" of a few guys may push him down a bit.
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Anyone else hearing that Hank looked slow vertically at team tryouts?
Not surprising - Hank looked a little slow vertically all last year.