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Thursday, December 19, 2019

Boras’ billions: baseball agent creates free-agent flurry

NEW YORK (AP) — Scott Boras showed up at the winter meetings with his own press conference backdrop. How appropriate, given his banner offseason.

Beloved by his high-profile clients, courted by powerful owners and a polarizing figure for fans, baseball’s most famous agent negotiated $814 million of contracts in little over three days last week.

All told, he projects his deals will top $1.2 billion and lift his career agreements past $9 billion.

In an industry where agent commissions typically are 3 to 5%, that adds up. Not bad for a former Cardinals and Cubs infielder who never made it above Double-A.

Boras’ Billions was the attempt for a gritty reboot of Brewster’s Millions- there are very good reasons why it was never released…..

 

QLE Posted: December 19, 2019 at 01:23 AM | 18 comment(s) Login to Bookmark
  Tags: free agency, scott boras

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   1. Walt Davis Posted: December 19, 2019 at 03:16 AM (#5909821)
lift his career agreements past $9 billion.

Per Forbes, Boras' collective clients would rank about 150-160th on the rich list -- if they never paid any taxes.
   2. Rally Posted: December 19, 2019 at 07:44 AM (#5909825)
The Boras corporation take is then likely around 450 million, though some of that is future earnings. Boras has plenty of employees, plus in theory he’s liable for taxes, though being a smart lawyer he probably minimizes that.

Probably has net worth in the hundred millions, but not yet drinking Russ Hanneman’s Tres Commas Tequila.
   3. What did Billy Ripken have against ElRoy Face? Posted: December 19, 2019 at 10:55 AM (#5909868)
Scott Boras showed up at the winter meetings with his own press conference backdrop.
What a buttmunch.
   4. PreservedFish Posted: December 19, 2019 at 11:05 AM (#5909871)
How much does Boras take on all the advertising these guys are doing? I would imagine it's a higher percentage? I could make Gerritt Cole $300M with the Yankees, but I wouldn't know the first thing about getting him a contract with Gatorade.
   5. Ziggy is done with Dominican discotheques Posted: December 19, 2019 at 02:47 PM (#5910024)
How much does Boras take on all the advertising these guys are doing? I would imagine it's a higher percentage? I could make Gerritt Cole $300M with the Yankees, but I wouldn't know the first thing about getting him a contract with Gatorade.


I could be wrong (I mean, like always, but even more than usual here), but I think that other agent-y work is paid for by the commission on the contract. IIRC there was somebody who tried to start a cut-rate agency that took a smaller percentage but didn't do any extra stuff.
   6. The Yankee Clapper Posted: December 19, 2019 at 03:10 PM (#5910033)
I don’t think all players use the same agent for salary negotiations and endorsement deals, either. They’re different specialities, and I suspect the few players making big bucks from endorsements go with someone who does a lot of work in that area.
   7. JJ1986 Posted: December 19, 2019 at 03:17 PM (#5910038)
IIRC there was somebody who tried to start a cut-rate agency that took a smaller percentage but didn't do any extra stuff.
I believe Trevor Bauer has different agents representing him for salary and endorsements.
   8. bbmck Posted: December 19, 2019 at 03:44 PM (#5910046)
So if big contracts don't get signed at winter meetings it's the fault of the teams. If big contracts do get signed it's because Boras is a genius. Wonder how much advertising commission Boras pays to AP.
   9. What did Billy Ripken have against ElRoy Face? Posted: December 19, 2019 at 03:49 PM (#5910047)
I believe Trevor Bauer has different agents representing him for salary and endorsements.
Well yeah, a guy with his charisma and broad public appeal has to be up to his ears in endorsement offers.
   10. manchestermets Posted: December 19, 2019 at 06:42 PM (#5910065)
Boras doesn't personally negotiate every contract for the players his company represents does he? I'd have guessed that the company employs specialists in both playing contracts and endorsements.
   11. the Hugh Jorgan returns Posted: December 19, 2019 at 09:04 PM (#5910086)
Boras doesn't personally negotiate every contract for the players his company represents does he?


I would think not. I don't think Zuckerburg writes code any longer either; he's got young guns hopped up on amphetamines and red bull to do that now!

My son works for Wasserman in NY and they handle some players whereby they handle contracts, others where they handle endorsements and some they do both.
   12. PreservedFish Posted: December 19, 2019 at 09:37 PM (#5910089)
IIRC there was somebody who tried to start a cut-rate agency that took a smaller percentage but didn't do any extra stuff.


I recall some player hiring a lawyer and paying him hourly to help with a contract negotiation.
   13. David Nieporent (now, with children) Posted: December 20, 2019 at 10:44 AM (#5910132)
I don’t think all players use the same agent for salary negotiations and endorsement deals, either. They’re different specialities, and I suspect the few players making big bucks from endorsements go with someone who does a lot of work in that area.
While obviously some players would use different agencies for different things, I would be awfully surprised if Boras didn't have someone on his staff who does a lot of work in that area.
   14. PreservedFish Posted: December 20, 2019 at 12:17 PM (#5910169)
My impression is that Boras is a one-stop shop. Coaching, sports psychology, real estate, financial planning, concierge, everything. I think that the Boras guys kinda ... don't listen to the team hitting coach much, because they are already working in much greater detail with one of Boras' highly paid special instructors. Got traded and need a new furnished apartment? Call Boras Corp. Need 15 new silk suits? Call Boras Corp. Want tickets to a show and dinner at the exclusive restaurant? You call Boras Corp.
   15. What did Billy Ripken have against ElRoy Face? Posted: December 20, 2019 at 12:38 PM (#5910175)
Got traded and need a new furnished apartment? Call Boras Corp. Need 15 new silk suits? Call Boras Corp. Want tickets to a show and dinner at the exclusive restaurant? You call Boras Corp.
What about if there's something strange in your neighborhood? Or if there's something weird and it don't look good?
   16. Never Give an Inge (Dave) Posted: December 20, 2019 at 04:14 PM (#5910202)
While obviously some players would use different agencies for different things, I would be awfully surprised if Boras didn't have someone on his staff who does a lot of work in that area.

Yes, Boras Corp. has a couple dozen employees listed on Linkedin, including a "Director of Licensing Marketing" who has been working there for 15 years and is "Responsible for procuring and negotiating regional, national and international licensing and endorsement deals for professional athletes."
   17. Sunday silence Posted: December 20, 2019 at 08:49 PM (#5910231)
Has he done more for MLB players than Marvin Miller?
   18. The Yankee Clapper Posted: December 20, 2019 at 11:59 PM (#5910245)
Has he done more for MLB players than Marvin Miller?
Without Miller, Boras would be scrambling for crumbs.

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