What in the wide, wide world of sports is a-goin’ on here? Well, Forbes has released its 2015 list of the planet’s most valuable sports agencies, and CAA leads the league again. The Century City-based juggernaut negotiated more than twice as many contracts as its closest rival — Scott Boras’ company is a distant second — repping athletes in nearly every sport on Earth. The financial magazine said CAA has $6.4 billion in active player deals, worth a supercool $260 million-plus in commissions. Its meat and potatoes is the NFL, led by agent Tom Condon, who racked up commissions of $59.4M on contracts worth $1.5B. Forbes ranks him as the No. 3 sports power agent in the business, behind Boras and soccer specialist Jorge Mendes of Gestifute International.
Relativity Sports Throws Flag On Parent Company
Falling one notch in the standings from 2014 is Relativity Sports, the agency 25% owned by bankruptcy-mired Relativity Media. The agency has about $3.2B in active contracts and $114M in commissions, with top clients including star NFL runners Adrian Peterson and Marshawn Lynch, NBA All-Star Dwight Howard and three of the past four Major League Baseball MVPs in Miguel Cabrera and Justin Verlander. Relativity Sports stormed into the upper echelon of the business in 2012 with the acquisition of SFX Baseball and NFL specialist Maximum Sports Management. In early 2013 it bought out the basketball practice of Dan Fegan; he is the agency’s top earner this year, dunking $24.5M in commissions from contracts worth $661.3M. That’s good for No. 18 on Forbes’ rankings.
Of course, the future isn’t quite so bright that Relativity Sports has to wear shades. Although it is not part of Relativity Media’s bankruptcy mess and operates as a stand-alone entity, the agency is unsure about what its part-parent company’s next owner has in mind.
Wasserman Media Group, the agency run by Hollywood legacy Casey Wasserman, is No. 4 on Forbes’ list, up a rung from last year. Its team leader is baseball specialist Joel Wolfe, Forbes’ No. 14 power sports agent with $25.9M in commissions on $517.4M in contracts.
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