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Teague Egan, NFLPA Blunder?

Teague Egan, NFLPA Blunder?

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Published by John M. Phillips

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Published by: John M. Phillips on Nov 22, 2010
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03/06/2011

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Teague Egan. Pathetic.By John M. Phillipswww.mybtsa.com
Teague Egan. Pathetic.”
is the title of this entry and how I feel about the situation. Itis pathetic. Who/What am I talking about? Teague Egan is one of the latest agents /“contract advisors” added to the NFLPA “family.” I am starting to think that this“family”… this a bunch of cousins of mine… have more dysfunction than many of uswill see this Thursday on Thanksgiving. He has already cost a USC Player his eligibilityfor one game and his ego may cause a lot more problems at Southern Cal. If they knewabout him, the NFLPA might have just accidentally opened them up for sanctions.
Pathetic.NFLPA Agent / Contract Advisor Certification
The National Football League Players Association, or NFLPA, is the exclusive labor Union made up of all of the players in the National Football League. The NFL isobviously in the business of hiring players to play for the member teams and the NFLPA’s role is as the advocate and Union of those players. It was founded in 1956, butonly achieved recognition and a Collective Bargaining Agreement in 1968.
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The NFLPA provides regulations that licenses, controls and sanctions agents
. It onlygoverns those “contract advisors” that seek to represent players in the NFL.
Specifically,the agreement between the NFL and NFLPA mandates, “The NFLPA shall havesole and exclusive authority to determine the number of agents to be certified, andthe grounds for withdrawing or denying certification of an agent.”
 Agents now undergo screening, testing and regulation. Rules are promulgated or revisedregularly. The NFLPA does not and cannot regulate endorsement or marketing agents. Itcollects between $1200-$1700 per agent each year, not counting the few hundred newapplicants it has each year. Basically, it collects millions of dollars just from agents.
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http://www.nflplayers.com/about-us/
 
The development of the NFLPA’s licensing of agents is somewhat of an evolving story.As of an article dated June 12, 1988, the NFLPA enacted a program to certify agents, butit was regarded as nothing more than a notary public.
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In the early 90’s, there wereapproximately 500 approved NFL agents.
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Two steps were made to de-incentivize becoming an agent. First off, more hurdles were put up to “qualify” agents. For instance,in late 1996, the NFLPA sent a basic quiz to agents on the Collective BargainingAgreement.
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Approximately 200 to 250 agents either failed or scored poorly.
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 Thereafter,the NFLPA made testing a requirement and required “grandfathered” agents take the at-home exam until passing.
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 Among those suspended for failing the test was agent LelandHardy, who was widely criticized for the incentive-laden deal he negotiated for NewOrleans Saints then-rookie Ricky Williams.
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Hardy was hired by rapper, Percy “Master P” Miller, to run his sports agency.
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Thereafter, commissions were lowered. Agents initially collected around 10% for their services to a player, which led to more agents signing up. The maximum commission waslater lowered to 4%. In 1998, it was again lowered to 3%. Being an agentwasstilllucrative, but only produced an annual income to agents of $15,000-$30,000 per player with far fewer players in the league.The NFLalso didn't have the signing bonuses andguaranteed money that create such an immediate commission these days.As salariesskyrocketed, so did applications to be an agent.
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To further tighten the rope, the NFLPA implemented a requirement of a 4-year degree. Italso created a program for vetting and monitoring financial advisors, and began offering players rookie symposiums on financial issues.
Fees were increased yet again. Whilesome were opposed to new restrictions, several prominent agents said them as a possiblemeasure to clean up the industry. One agent, Jack Wirth, said: "To tell the truth, I'd pay$5,000 if it would mean getting rid of some of these hangers-on.”
 The same article said,“Because of inconsistent or unenforced state laws and no national standards due to thelack of a federal statute, much of the regulation of sports agent has fallen on the professional sports players' unions.”
The more things change, the more they havestayed the same.Every few years restrictions and cost have increased, making it an ever increasinglyexpensive proposition to be NFLPA-certified. Also, if you don’t place a client on an
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http://articles.orlandosentinel.com/1988-06-12/sports/0040430080_1_sports-agent-bad-agent-problems-with-agents
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http://www.nytimes.com/1998/07/26/sports/pro-football-protecting-players-their-agents-misconduct-leaves-nfl-union-fearful.html
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http://www.nytimes.com/1998/07/26/sports/pro-football-protecting-players-their-agents-misconduct-leaves-nfl-union-fearful.html
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Id.
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Id.
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http://www.sportsbusinessjournal.com/article/16709
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Id.
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http://www.sportsbusinessdaily.com/article/31366
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http://www.sportslawnews.com/archive/Articles%202000/NFLPAAgentfees.htm
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Id
 
 NFL roster within three years or pay for your dues or insurance, or attend a mandatoryseminar each year, you are out.
Now a graduate degree is generally required, but theNFLPA will allow for certain exceptions. One of those exceptions and the purposefor this entry is- Teague Egan.Who is Teague Egan?
 I am not exactly sure who Teague Egan is, but he is one of the latest buzz names aroundsports. My research revealed he is a NFLPA certified agent. His place of business is hismother and father’s house, a multi-million dollar home in Ft. Lauderdale. His father wasapparently listed as one of America’s richest by Forbes magazine.
I’d love to know if hehas any tie-ins or what his qualifications were to NOT to even have to have a collegedegree, much less a graduate degree.
It sure seems like gross negligence on the NFLPA’s part to certify him.Why? He is apparently a college student at USC, according to official school records per ESPN. According to his bio, “Teague attended the University of Southern California,where he started 1st Round Enterprises becoming the founder and chairman. Originallyfrom Fort Lauderdale, Florida, but now living in Los Angeles, the entertainment capitalof the world, Teague befriended many athletes on the USC football team, as well asfilmmakers around the city.”
Already, I see a red flag / potential misrepresentation onwhether he “attends” or “attended” USC.
Regardless, I see no degree, at all,mentioned.According to ESPN,Southern Californiafreshman tailback Dillon Baxter was ruled ineligible to compete for the Trojans because he rode in a golf cart on USC's campus.USC self-reported the infraction and also filed an official request with the NCAA for Baxter's reinstatement. There are also tons of photos of Egan with current USC Players or allegations he threw parties they attended. Hello, NCAA! Poor USC.Egan: "As an (sic) contract advisor, I have never ever given a player money, anything of monetary value, or extra benefit
not afforded to other students or my friends,"
Eganwrote in a statement to ESPNLosAngeles.com Saturday night. "We did not mean or intend to break any rules, and are truly sorry this instance got blown out of proportion."

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