Landing a professional sports contract in Florida can feel like a dream come true. Whether the sport is football, basketball, soccer or baseball, securing a deal signifies that you have made it to the big leagues.
Yet, a sports contract is more than just an agreement between a player and a team. It is a binding legal document with implications that can affect your career and life. With that in mind, here are some red flags you should watch out for when reviewing your contract.
1. Lack of clarity about salary and bonuses
If your contract does not provide clear details about your base salary, how and when you get bonuses or the conditions you must meet to earn those bonuses, this could be a red flag. You need to understand the financial terms of the agreement, so if something is unclear, make sure to seek clarification.
2. Restrictive clauses
A contract may include exclusivity agreements that prevent you from engaging in certain activities or endorsements. For example, a contract might stipulate that you cannot engage in certain sports or activities in your free time, potentially limiting your options for personal growth and income.
Be wary of contracts that have overly restrictive clauses, as they may limit your opportunities.
3. Inadequate injury provisions
Sports are physically demanding, and injuries are often part of the job. If a contract does not include strong provisions for handling injuries, including who will cover the cost of treatment and how it will affect your pay and playing status, consider this a serious red flag.
Entering into a professional sports contract is a huge milestone, but it is important to ensure that the agreement you are signing is fair and transparent. You have worked hard to get to this point, and you deserve a contract that respects and protects your rights as a professional athlete.