Jacoby going without an agent.

i got a feeling this guy might turn out to be something special

That's actually really smart. With the slotted rookie deals you really don't need an agent to negotiate your contract. Waste of of money. At least the pure salary component. Workout, pro bowl bonuses, etc are a different story. But really the NFLPA should be able to provide rookies with basic contract templates for them to follow.

The second he signs that contract though he should be on the lookout for one.

I love that Parcells has endorsed him and wonder how close he and Belichick are. Getting an endorsement from Parcells is pretty sweet for a guy who is going to be our 3rd string QB and probably the backup in his 2nd season.

There's really not much negotiating to be done as a third round rookie since 2011. Good idea.

Up next...

Jacoby chooses to skip the Chris Carter NFL Rookie Symposium. Saves another 3% on a fall guy.

still a stupid selection by BB

Props to him if he can pull it off, I wouldn't try that though.

How come players always lose money when going solo. What do the agents do that the players don't?

Wheelman said:

What do the agents do that the players don't?

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Math.

I don't know of many cases where players went without agents (or went with minimally qualified/unqualified agents), but of the ones I do know it backfired far more often than not. Agents may be sleazy a lot of the time, but the value they provide is real.

BradyFTW! said:

I don't know of many cases where players went without agents (or went with minimally qualified/unqualified agents), but of the ones I do know it backfired far more often than not. Agents may be sleazy a lot of the time, but the value they provide is real.

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Tedy Bruschi went without agent for most of his career and it didn't seem to bother him.

The only reason to hire an agent at this point of your career is if you don't like money.

He can just wait for some other 3rd rounders to be signed, and reference 3rd round picks from last year... then just copy them and change the names and account numbers.. bam, there is your rookie contract! I'd highly advise him to seek an agent afterwards though, I think navigating the waters solo as your rookie deal starts to expire, or if you're going to be traded or something is not exactly the smartest approach.. unless you went to law school or something

Wheelman said:

How come players always lose money when going solo. What do the agents do that the players don't?

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Because all it takes is a team sneaking in some clause so none of your salary is guaranteed except for injury or something and you're screwed.

It's more than that, though. Agents serve as financial advisers, life coaches, and so on. They're not just for the contracts.

JarOfMayo51 said:

He can just wait for some other 3rd rounders to be signed, and reference 3rd round picks from last year... then just copy them and change the names and account numbers.. bam, there is your rookie contract! I'd highly advise him to seek an agent afterwards though, I think navigating the waters solo as your rookie deal starts to expire, or if you're going to be traded or something is not exactly the smartest approach.. unless you went to law school or something

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From what I understand, it's simpler than that. He's allotted a certain amount of money, he either signs it or he doesn't. There aren't incentives or anything like that until the second contract.

primetime said:

Because all it takes is a team sneaking in some clause so none of your salary is guaranteed except for injury or something and you're screwed.

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Yeah but you can just pay a sports lawyer $5k to review your contract and get the same peace of mind that there are no gotcha clauses.

Agents will also find endorsement deals. but he knows he is going to ride the bench as long as Tom breaths. so no endorsement = no need for a agent.

tombonneau said:

Yeah but you can just pay a sports lawyer $5k to review your contract and get the same peace of mind that there are no gotcha clauses.

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Right. If the agent gets 3% of the contract which I will guess is $3 million over 4 years, he'd be paying $90k versus the $5k (probably less since it is a standard contract) to get it reviewed. Smart move.

Edit- $3 million number came from 2015 draft looking at 3.29 and 91st pick which aren't the same due to larceny by NFL front office.

According to Miguel, Brisset is slotted to receive $620, 151... why give away 18K this year to some guy who may or may not have his best interest in mind. Maybe for his second contract, but he can easily avoid that now..

Not sure he is looking at endorsements currently, so even less of a need.

Patriots Salary Cap

Gronkowski123 said:

still a stupid selection by BB

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The act of selecting him in the 3rd may have been ill advised...but the young lad does not seem stupid (so far).

Life coach? Financial advisor? On making just $600k/yr? Here's some advice:
1. Rent a respectable but modest apartment or townhouse in Foxboro. If you buy, stay below market value.
2. Buy a reliable used car or if you insist on something more fancy just lease it.
3. Understand that after taxes you're not going to be taking home enough money that you can start making large investments or giving out cash to family and friends.
Let's make it to that second contract before we get too excited about the sudden spike in income.