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tduecen
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Player fires agent over losing 2million. UPDATED in OP


quote:

49ers cornerback Tarell Brown indicated Thursday that he has fired agent Brian Overstreet after losing a $2 million salary bump for 2013 by not taking part in the club’s offseason workouts.

“That’s what agents get paid to do — to orchestrate the contract and let you know what you can and can’t do as far as workouts, OTAs, things of that sort,” Brown said Thursday of Overstreet, according to the San Francisco Chronicle. “That’s what he got paid to do. He didn’t do that. So, in my opinion, you have to be let go. We all are held accountable for our actions and it’s just part of the business.”


quote:

Per the Chronicle, Brown — who told reporters he found out about the salary loss via Twitter — indicated he was thinking about his compensation reduction while practicing on Thursday.


quote:

“It definitely was hard to concentrate just because my mind was somewhere else,” Brown said, according to the Chronicle. “But this is a business. And I understand that. And I have a job to do. The 49ers are paying me to do a job. I have to come out here, regardless of what’s going on off the field, personal or financial.”



quote:

Technically, it wasn’t a workout bonus. Brown’s salary hinged on participation in the offseason workouts. By failing to show, his base pay drops from $2.925 million to $925,000.


quote:

The buzz in league circles is that Brown wasn’t aware of the amount of cash hinging on his participation in offseason workouts. On one hand, he signed the contract — and arguably he should have read it. On the other hand, his agent (who has a clear incentive to see Brown maximize his compensation) may have failed to explain it to Brown.



UPDATE:
quote:

Lost in the notion that Brown lost $2 million by not showing up for offseason workouts is the reality that, per a league source, Brown triggered the $2 million escalator by participating in more than 80 percent of the snaps in 2011 and 2012.


quote:

So the clause didn’t expressly hinge $2 million on Brown showing up for 2013 offseason workouts. The key factors were playing time in 2011 and 2012. Brown met them.

Granted, he didn’t show up for offseason workouts, which allowed the Niners to taketh away that which they had given. Eth.


LINK



This post was edited on 8/5 at 2:14 pm



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CurDog
LSU Fan
Member since Jan 2007
22346 posts

re: Player fires agent over losing 2million. UPDATED in OP


poor guy





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SoFla Tideroller
Alabama Fan
South Florida
Member since Apr 2010
4524 posts

re: Player fires agent over losing 2million. UPDATED in OP


I guess he can't go back and fire his elementary school reading teacher. Because, you know, HE signed the contract.





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Purple Spoon
Duke Fan
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5180 posts

re: Player fires agent over losing 2million. UPDATED in OP


If I paid a guy 15% of my salary and he let two million dollars slip through the cracks I would have done the same thing.







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tduecen
Tulane Fan
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re: Player fires agent over losing 2million. UPDATED in OP


Agent gets 3-5% usually so agent lost a good deal of income as well





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tduecen
Tulane Fan
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re: Player fires agent over losing 2million. UPDATED in OP


Agent gets 3-5% usually so agent lost a good deal of income as well





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tigerpimpbot
LA-Monroe Fan
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Member since Nov 2011
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re: Player fires agent over losing 2million. UPDATED in OP


He probably should know about the workout incentives himself. But I have no problem with him firing his agent over this. $2 million is a big chunk of dough, even in California.





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tduecen
Tulane Fan
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re: Player fires agent over losing 2million. UPDATED in OP


San Fran gained 2m in cap room because of this as well





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Tayday
LSU Fan
Baton Rouge, LA
Member since Mar 2011
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re: Player fires agent over losing 2million. UPDATED in OP


Both the player and agent are dumbasses





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NYCAuburn
Auburn Fan
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re: Player fires agent over losing 2million. UPDATED in OP


if I only worked half of the year and I was actually competitive and wanted my team to win, I think I might show up for workouts.





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beaverfever
Arkansas Fan
Little Rock
Member since Jan 2008
7331 posts

re: Player fires agent over losing 2million. UPDATED in OP


quote:

He probably should know about the workout incentives himself. But I have no problem with him firing his agent over this. $2 million is a big chunk of dough, even in California.
Yeah I mean they both screwed up. The agent deserves to be fired.






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bbrownso
LSU Fan
Member since Mar 2008
2581 posts

re: Player fires agent over losing 2million. UPDATED in OP


quote:

Agent gets 3-5% usually so agent lost a good deal of income as well


I believe the maximum for agents is 3% on the football contracts.






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htran90
New Orleans Saints Fan
belle chasse
Member since Dec 2012
3264 posts

re: Player fires agent over losing 2million. UPDATED in OP


you'd like to assume he knows, but he's getting paid 3mil to play football. he has an agent, that agent is getting PAID, so it is his/her responsibility to let you know these fine print stuff





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tigerpimpbot
LA-Monroe Fan
The 561
Member since Nov 2011
26176 posts

re: Player fires agent over losing 2million. UPDATED in OP


quote:

Yeah I mean they both screwed up. The agent deserves to be fired.


Well the player can't fire himself for being a dumbass so he might as well fire his agent for being a dumbass.






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Tiger Ryno
USA Fan
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re: Player fires agent over losing 2million. UPDATED in OP


AGent deserves to be fired.





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JJ27
LSU Fan
Member since Sep 2004
45891 posts

re: Player fires agent over losing 2million. UPDATED in OP


He skips out on his job, loses money, blames someone else. Sounds like Murica to me.





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Mr. Wayne
LSU Fan
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Member since Feb 2008
5705 posts

re: Player fires agent over losing 2million. UPDATED in OP


Player should have known, but the agent is payed to remind him of these type of things. Deserved to be fired and have his name put out there just as the player deserves to lose out on the money.





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Tiger in NY
LSU Fan
Neptune Beach, FL
Member since Sep 2003
21846 posts

re: Player fires agent over losing 2million. UPDATED in OP


quote:

I guess he can't go back and fire his elementary school reading teacher. Because, you know, HE signed the contract.


bullshite, that's what he pays his agent for. The agent should have been well aware of what was in the contract and informed his client.






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Waffle House
Virginia Fan
NYC
Member since Aug 2008
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re: Player fires agent over losing 2million. UPDATED in OP


I think it is a hell of a lot bigger than saying he lost out on $2M. He lost out on around 2/3rds of his salary for the year.





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Master of Sinanju
Member since Feb 2012
3661 posts

re: Player fires agent over losing 2million. UPDATED in OP


I'd be interested in hearing what the agent has to say. Did he in fact let his client know, but is being the fall guy here? Or was the firing justified?





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