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One of the biggest concerns to date is the lending practices of NFL players in need, or with a strong desire, to take out loans. These loans typically have terrible interest rates attached to them, which players will be complaining about for years to come. Some interest rates exceed 20% of the loan amount. Some NFL players are turning to high-risk loans to make ends meet.
Another reason players are borrowing now — before even missing a major payday — is that they may be afraid credit will dry up if the lockout continues into the NFL season, said Darren Heitner, an agent and the author of sportsagentblog.com. After all, if interest rates are this high now, what will they be like when players start to miss game checks and lenders know they are even less likely to be repaid?
It is said to see this happen to professional athletes especially the amount of money they first start to make when they get in the league. Not having a good sense on how to budget their finances and being able to save for a rainy day is putting a strain on many football players and their families. Hopefully both sides can come to an agreement and the athletes can just focus on what they do best. Play the game...
Resources
www.prioritysports.com
www.suresportslending.com
www.agrsportsfunding.com
www.sportsagentblog.com
With the NBA Playoffs in full swing the playoffs have been nothing but entertaining for fans. The Miami Heat eliminated the Boston Celtics in the Eastern Conference Finals 4 - 1 in the series. The Chicago Bulls on Thursday night finished off the Atlanta Hawks 4 - 2 in the series to set up an Eastern Conference Finals between the 2 teams. During the regular season the Bulls beat Miami sweeping them 3 - 0. But we all know in the playoffs the landscaping of the game changes dramatically. Twelve of 14 ESPN Experts picked Miami to win the series. Miami having 2 of the 5 best players in Dwayne Wade and Lebron James who can argue that pick. Both teams have very contrasting styles which should make it an interesting series.
Four Key Factors to determine the winner of the Series:
Overall I see an exciting series between the two teams. According to NBA.com they stress how the bulls only have one superstar but Miami with two. The Heat have another option come crunch time where playoff games are won. At the end Miami proves to be too much for the Bulls, I see Miami winning the series in Six.
Resources:
www.nba.com
www.espn.com
www.miamiheat.com
The main responsibility for a sports agent is to negotiate a contract for the players the agent represents. It is vital for the sports agent to understand the market for players in the sport or sports involved. The agent needs to have an understanding of what the players are worth.
Maybe a player prefers playing in a certain city or perhaps a player finds a contract with lucrative bonuses to be an attractive motivator.
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