Bottom Line Header

October 19, 2007
Dear Friend:

Florida is home to some of the most talented athletes in the country. As a graduate of the University of Florida College of Law, I am a little biased about where the most talent resides, of course, but at each of the state’s universities we have students who are ranked among the best nationwide.

Our Department is charged with protecting these students, and to that end we regulate athlete agents. This week I learned more about this important profession.

First, I met with Drew Rosenhaus. Drew is one of the top athlete agents in the country and represents 90 NFL players. He got his start while still a student himself, and over the decades he has brokered incredible deals for the students and professionals he has represented. The creators of Jerry Maguire consulted with Drew and even gave him a cameo in the film, and I have to admit the comparisons to the fast-talking, quick-moving colleague Bob Sugar from the movie are inevitable. But his passion for his players and for the players he has yet to recruit was evident, and he pushed us to set higher standards to match those set by national accrediting bodies like the NFL Players Association.

The next day I visited with the University of Miami to learn more about their compliance programs. Jamie Israel from their Compliance Office explained to me some of the safeguards they have in place to protect their students. With football players, for example, they meet with athletes and their parents to discuss the laws and other rules governing the athletes before every season. They seat the players’ families in a particular section of the stadium, and they typically reserve seats for our investigators in the middle of the family section. That way our folks and the University staff can keep an eye out for suspicious behavior.

Chapter 468, Florida Statutes, which governs Florida Statutes, includes a number of safeguards for the students, particularly with respect to contract negotiations. Athlete agents are prohibited from offering inappropriate incentives to the athletes, their families or their schools, and there are financial safeguards established for the athletes. In order to maintain the integrity of the system, there are reporting requirements imposed on both the athletes and the agents in order to ensure that the school’s compliance office is aware of the various transactions. If that’s not enough, there are also criminal penalties for some of the most egregious acts.

Athlete agents can be essential in ensuring that Florida’s talented athletes get paid top dollar for their ability, but the devious agents can deprive unsuspecting students and their families of significant future earnings. Our team is responsible for ensuring a fair and level bargaining table for Florida’s teams.

Sincerely,
Secretary Benson Signature
Holly Benson
Secretary

Department of Business and
Professional Regulation

1940 North Monroe Street
Tallahassee, Florida 32399
Customer Contact Center:
850.487.1395

www.MyFloridaLicense.com

Board Schedule header

Here is a schedule of next week’s professional board meetings. For full meeting details, we’ve included a link
below to the department’s online calendar.

October 23–26, 2007
BUILDING CODE ADMINISTRATORS

NAPLES

October 24–25, 2007
BOARD OF PROFESSIONAL GEOLOGISTS

TALLAHASSEE

October 26, 2007
BOARD OF LANDSCAPE ARCHITECTURE

TALLAHASSEE

Professional Board Newsletters
Published this Week:
Auctioneers
Community Association Managers
Talent Agents

To download a free copy, visit:
www.myflorida.com/dbpr/os/newsletters.html

Secretary Holly Benson, Division or Regulation staff and University of Miami Compliance Officer<empty>From left: Secretary Holly Benson, Division of Regulation investigator Idelmis Del Rio, Regional Program Administrator Bill Tejeda and University of Miami Compliance Office
Jamie Israel.

Did You Know header

With the great increases in salaries and benefits in professional sports, a need developed for athletes to have personal representatives, or agents, to manage their affairs. This representation includes the negotiation of a personal services contract with a professional sports team. There is a fiduciary relationship between agents and athletes; therefore, agents are under an obligation to exercise the utmost care and good faith in their dealings with athletes.

If you have a question regarding your application or to become licensed, contact our Customer Call Center at 850.487.1395 or use our convenient contact form.

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