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This is a list of the largest sports contracts. These figures include signing bonuses but exclude options, buyouts, and the endorsement deals. This list does not reflect the highest annual salaries or career earnings, only the top 100 largest contracts and thus is largely limited to athletes in team sports and auto racing.
Association football contracts are the legal contracts for both amateur and professional football. Football contracts overlaps substantially with contract , tort and labour law . Issues like defamation , privacy rights and intellectual property law are also an integral aspect of football contracts.
A sports agent is a legal representative (hence agent) for professional sports figures such as athletes and coaches. They procure and negotiate employment and endorsement contracts for the athlete or coach whom they represent. In addition to contract negotiations, sports agents may also help their clients with financial planning, legal issues ...
An early example of a one-day contract was signed on August 24, 2006, by Jerry Rice with the San Francisco 49ers, his team from 1985 to 2000. The contract was for a symbolic amount of $1,985,806.49, which Rice did not in fact collect: the figure combined his debut season (1985), jersey number (80), retirement year (2006), and team (49ers). [1]
The NFLPA's Financial Registration Program was created in 2002 after a series of many investment schemes targeted at professional athletes. It aims to provide an extra layer of protection to athletes to protect them from fraud and poor advice, and provide players with advisors and agents who are pre-screened by the NFL. [57]
Article 28 of Pelé law stipulates the most relevant aspects of the professional athlete's labor contract (PALC), that are: all labor contracts must be written and co-signed by athlete and a club, or a club enterprise; have a specific and determinate term; payment for the service must be clearly stated in the contract; and
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