How Much Do Hockey Agents Make? [Answered!]

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Agents are essential to the hockey industry. They help negotiate contracts on behalf of their clients, coordinate equipment tours, and act as a general liaison between the players and teams they represent. Since players are generally not paid very well, teams often rely on agents to provide advice and negotiate contracts on their behalf. Many players have multiple agents, splitting their time between sports and non-sports, whose primary job is to negotiate contracts on behalf of their clients.

Average Annual Wage

Based on the Bureau of Labor Statistics (BLS), the average annual wage for a hockey agent is $78,950. This is the average of all annual wages reported by BLS for this particular job classification. This statistic takes into account all positions, including corporate, contract, and personal agents. While there exist many individual agents whose wages may approach or even exceed this number, it is heavily skewed towards the higher end, with only 1 in 5 agents earning $125,000 or more per year. This is further skewed by including in this statistic, the agent whose primary job is to negotiate contracts for the Toronto Blue Jays, one of the least competitive teams in Major League Baseball. This particular agent has reported earnings of over $200,000 per year, since 2014.

Hourly Wage

Hockey agents, like many other professional athletes, are often required to work long hours for minimum wage. The BLS reports that the average hourly wage of a hockey agent is only $25.52, with 75% of agents reporting that they work over 45 hours per week. This would put their hourly earnings at or near the federal minimum wage of $25.00 per hour.

Additionally, since the vast majority of agents are concentrated in larger cities, particularly New York, where most NHL teams reside, there is often a lot of traveling and commuting involved. This may put a significant strain on your finances since you would have to pay for gas, parking, and transportation costs incurred while working.

Benefits

Many professionals, including hockey agents, enjoy the substantial benefits that come with being a member of a labor union. The majority of agents (81%) are members of the Major League Baseball Players Association (MLBPA). As a union member, the MLBPA provides medical, financial, and otherwise benefit packages to its members. These benefits include a defined pension plan, health insurance, and life insurance.

Additionally, the MLBPA negotiates minimum wage and benefit increases for its members on an annual basis, ensuring that they are always the highest paid employees in their respective sports. This is a direct result of the union’s collective bargaining authority, which allows it to represent and negotiate on behalf of its members, including hockey agents. The MLBPA also negotiates licensing and sponsorship agreements on behalf of its members, ensuring that they are financially compensated for the use of their image and name in endorsements and other revenue-generating activities. These benefits and negotiating authority make the MLBPA a very viable option for professional athletes and agents, alike, who believe in a better way of working.

The Downsides

While there are many pros, as mentioned above, there are also many drawbacks to being a hockey agent. Due to the nature of the job, there is often very little stability associated with it. Most NHL players report one or more moves every year, with many teams having to rebuild their entire roster every few seasons. This means that the majority of hockey agents work on a day-to-day basis, with only a few holding down steady positions between contracts and relocations. Due to the nature of the industry, this is often very competitive work, with many agents holding down more than one job to make ends meet. This can lead to significant stress and anxiety, stemming from financial and career uncertainty. Since the majority of NHL players are paid on an annual basis, many are subject to the whims of their team’s cap management, particularly in regards to offseason contract negotiations. In most cases, agents are the first to be cut from a team’s payroll, with additional arbitration-eligible players, such as Kyle Okposo, being cut at the end. All of these factors combine to make the job of a professional hockey agent less-than-ideal, both personally and financially.

On the other hand, agents are often required to pay a significant amount for marketing and research firms, in order to stay apprised of the latest trends and equipment associated with the hockey world. As a result of this, the majority of agents spend a great deal of time traveling and at meetings, holding down more than one job, to make ends meet. This is a lot of stress and anxiety, both mental and physical, that they are often forced to endure.

In conclusion, although there are many upsides to being a hockey agent, there are also many significant drawbacks. This is a job that requires a great deal of patience, as well as a high degree of personal flexibility and self-awareness. It is a job that is certainly not for the faint of heart or for those who prefer a more stable work environment.

To learn more about how much money you could potentially make as a hockey agent, check out the BLS reports discussed above or contact a local firm, such as Prodigy Personnel, to get connected with a reputable agent. If you’re looking to make additional income streams beyond hockey, you could also become a freelance writer for a periodical such as The Hockey News or The Sporting News, as they often seek experienced freelance writers to contribute content on a regular basis.

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