Why Become A Sports Lawyer
Watching sports, rooting for teams, and celebrating successful players are wildly cherished pastimes around the world. As with other industries, that passion equals profit. In fact, the sports industry is now estimated to be worth more than $500 billion!
Some of the top ten largest sports contracts of all time include;
• Lionel Messi: $673,919,105 for a four-year soccer contract with FC Barcelona
• Patrick Mahomes: $503,000,000 for a 12-year football contract with the Kansas City Chiefs
• Mike Trout: $426,500,000 for a 12-year baseball contract with the Los Angeles Angels
• Mookie Betts: $365,000,000 for a 12-year baseball contract with the Los Angeles Dodgers
• Fernando Tatís Jr.: $340,000,000 for a 14-year baseball contract with the San Diego Padres
• Bryce Harper: $330,000,000 for a 13-year baseball contract with the Philadelphia Phillies
When it comes to sports, we often think about the players, the coaches, the team owners, and the fans. However, there is another important player in the world of sports that we often overlook – the sports lawyer. Sports lawyers are attorneys who specialize in sports law and represent athletes, teams, leagues, and organizations in legal matters related to sports.
What do sports lawyers do?
Sports lawyers come into play by ensuring the system of checks and regulations to ensure that fans, players and clubs do not get exploited.
Sports lawyers represent the legal interests of their clients. The clientele can include individual athletes, players, teams and coaching staff. High level sport equates to a high pressure environment, where typically the smallest margins can make a huge difference.
The tasks and responsibilities of sports lawyers can vary depending on their area of specialization and the clients they represent. However, some common tasks and responsibilities of sports lawyers include:
• Negotiating contracts for athletes, coaches, and other sports personnel
• Advising clients on legal issues related to sports, such as intellectual property rights, sponsorship deals, and licensing agreements
• Representing clients in arbitration or litigation related to sports disputes
• Drafting legal documents such as contracts, sponsorship agreements, and licensing agreements
• Providing legal guidance to sports teams, leagues, and organizations on issues such as labor law and antitrust law
The main priority of a sports lawyer is to make sure that athletes are given a good deal. For example, they help secure and negotiate contracts, sponsorship deals, mediate any disputes that these individuals might have and fight their corners.
So you have got your law degree and are thinking about becoming a sports lawyer but how do you do it? The first step is experience. Don’t worry it doesn’t have to be directly in sports law.
By participating in the Entertainment Law Mastery class, you will learn not only about Sports Law, and how to excel as a Sports Lawyer but you will learn other areas of Entertainment law as well.
Register via this link https://linktr.ee/Lawlexis
You can also read more about the training here; https://legalnaija.com/career-training-for-lawyers-entertainment-law-mastery-2-0/adedunmade/