Texas Senate Bill SB2035

Texas 2017 - 85th Regular

Caption

Relating to the regulation of athlete agents.

Impact

This bill significantly impacts existing laws related to the conduct of athlete agents, requiring them to register and maintain a surety bond with mounting amounts based on their contracts with athletes. The agent's ability to provide inducements to athletes is restricted until after the athlete completes their intercollegiate sports eligibility. Such provisions are designed to prevent agents from taking advantage of young athletes who may be unsure of their rights during their college sports careers.

Summary

SB2035 aims to establish comprehensive regulations governing athlete agents in the state of Texas. The bill outlines the definitions and obligations of 'athlete agents,' who are defined as individuals that solicit or represent athletes in professional sports contracts. The legislation seeks to ensure that athlete agents operate transparently and ethically, setting standards to promote integrity within the industry. The bill includes provisions regarding what agents can or cannot do, particularly in the solicitation of athletes who are still engaged in intercollegiate sports.

Contention

Notably, while the bill is designed to protect athletes, there are concerns about the control it places on athlete agents, possibly limiting their ability to attract clients effectively. Critics may argue that while the intentions behind the regulations are noble, they could inadvertently restrict athletes’ access to services they might need to navigate professional leagues. Additionally, the consequences for non-compliance, including penalties for agents who fail to comply with regulations, have raised questions about the adequacy of enforcement and the impact on the agents’ livelihoods.