MLBPA Agent Exam Study Guide with Complete Solutions

MLBPA Agent Exam Study Guide with Complete Solutions Agent Regulations - Equipment - $3,000 worth of equipment per year for each player. - Applies to all players regardless of roster status. - Within 48 hours of an agent change, must report to MLBPA total amount of equipment purchased. - Annual disclosure must be submitted to MLBPA no later than 3/1. Agent Regulations - Fee Statements Must be submitted no later than 3/1. Agent Regulations - Loans - Loans prohibited w/o prior written approval by MLBPA. - Applies to ALL players. - Only allowed for current clients. - Cant contain provisions player continue as a client or penalty if terminates rights. - Agent must report to MLBPA the terms of any third party loan. Agent Regulations - Meal Disclosures - Agents may pay for actual costs of reasonable meals for non-clients on 2 occasions. - Meals with non-clients must be disclosed. - Applies to all players regardless of roster status. Agent Regulations - NON-Client Communications Disclosures - Report all non-client communications regardless of whether the Agent or the player initiates the call/text/or Mtg......... (with the exception of quick "hello"). - Applies only to 40 man roster players. Agent Regulations - Player/Agent Designations - Every year must obtain signed PAD form signed by clients. - Only 40 man roster players.... Must submit renewed designation on becoming 40 man. - If foreign player..... PAD in that language. - Send copy to Lisa @ within 10 days. Agent Regulations - Prohibition on Guaranteeing Marketing to Non-Clients An Agent may not guarantee or promise any player will secure endorsements, marketing, personal appearance to sign with him. Agent Regulations - SRA - 1 year max (must renew every year). - Must mail copy to MLBPA w/in 10 days of signing. - Player may at any time. - May not provide for damages or specific remedy for termination. - Must submit renewed SRA on becoming 40 man. Allowance / Expenses Reimbursements (In-Season Meal and Tip Allowance) - Per diem allowance paid on road ($117.50) Allowance / Expenses Reimbursements (In-season Supplement Allowance 7&7) - Hotel and per diem for first 7 days at home after assignment. - Owed for every assignment to Major League Club. - Unless sent to minors within 7 days. Allowances (Spring Training) Weekly allowance of: $369.50. Base Supplemental allowance of: $65.50. Allowance / Expenses Reimbursements (Moving Expenses) MLB new club pays: (1) up front if club to club (2) expense reimbursement -actual and reasonable. Allowance / Expenses Reimbursements (Rent Reimbursements) - Reimbursement for rent due on apartment being vacated - "actual and reasonable". - Must offer club opportunity to use or sublease. Allowance / Expenses Reimbursements (Disabled Players) - In season..... clubs direct location of rehab (home city, on road w/ club, ST facility). - In season...... consent required after 20 days for rehab @ St facility. Allowance / Expenses Reimbursements (Allowances