Entering the world of professional athletics can be overwhelming at first. Many people go from either college play where payment is prohibited, to a professional salary making hundreds of thousands, or even millions, of dollars per year. While most athletes know that it is important to have a sports agent there to help them get on the right teams and resolve many issues, they often overlook the need to have legal counsel as well.
An attorney will be able to provide you with many services that fall outside the area of expertise of a sports agent, but are still extremely important for maximizing the potential of your career, and preparing for life after sports. Here at the Reyes Law Group, we have the right experience to help provide you the protection and guidance you’ll need throughout your career and well beyond. When we represent you, we can help you with many things, including the following:
Contract Review & Negotiation
As a professional athlete, your contracts with the team you’re playing for, and any endorsement deals you make, are absolutely essential. If you sign a contract today, it can be binding for years to come, which could end up costing you millions in lost potential. Before signing any contracts, have an attorney review it to ensure your interests are represented property rather than just the interests of the team you’ll be playing for. We can identify problem areas in a contract, and even negotiate on your behalf, to help get you the best possible deal for your situation.
Real Estate Purchases
Professional athletes often buy real estate both as somewhere to live, and as a long-term investment. While buying real estate can be a great option, you’ll want to make sure that you only make smart purchases. Having an attorney perform steps such as a title check to ensure there won’t be any hidden problems can go a long way toward making sure your purchase is a blessing rather than a curse.
It can be hard to think about the fact that all professional athletic careers eventually come to an end, but it is extremely important. Professional athletes have to retire far younger than most people, so beginning your post-career planning as soon as possible can put you in a strong position financially when the time comes. Without the right advice and planning, retirement from professional athletics can be quite a financial shock.
One of the unfortunate realities of being a professional athlete is that unscrupulous people will see you as a target for a lawsuit. People often accuse pro athletes and celebrities of various misdeeds in an attempt to get a settlement. Having an attorney ready to respond to these types of lawsuits quickly can help to both minimize any potential losses, and protect your reputation.
Get Representation Today
Having an attorney you can trust who is ready to help you with all your legal needs is an invaluable resource as a professional athlete. Contact the Reyes Law Group today to schedule a consultation with an attorney and learn how we can help. We’ll be happy to answer all your questions, and let you know what we can do for you and your career.