Wariner pays Johnson 20%?

Also, it looks like Wariner really wanted to leave Hart. He had to have known that Hart wouldn't have taken that other contract. He was giving Hart pay cuts in every way he could. If he really wanted to stay with Hart but didn't like the original contract he should have done something like raise the guaranteed money to 100k but drop some of the bonuses.

It seems insane that Wariner tried to hand Hart a huge pay cut right after he had the best year of his life.

It is impossible for us to know if MJ is worth it. Is he getting Wariner more per 400 than other agents? Is he getting better endorsement deals? Personally I doubt it. Then again I am a bit surprised that coach would make what sounds like over 150k one athlete. Sounds like Hart has a good gig if he gets 2-3 atheletes to pay him 100k and then baylor kicks in some more money.

Personally I think the odd thing is the timing. Why wouldn't you do it after this year? The only thing I can think of is Wariner has some huge bonuses that he thinks he will get this year (Olympic gold, WR) which he doesn't want to split.

If you look at other sports (How many swing coaches has tiger had?), switching coaches isn't unheard of. Sometimes something different is a good thing.

If Jeremy wins 2 Golds in Beijing, he will be worth a lot more than 1 Million a year. Thats why MJ is his agent, because next year and the one after are going to be big money years for JW.

I say he closes out this season with a 43.6 and takes 2 Golds. Next year he wins the WC and hits 43.2/19.9. 2010 will be his money year as there are no Majors. Every meet will be paying him tons of money to be going after the WR on their track. If he wins Gold, these next 2 years are big money makers for JW. And thats why you need MJ around.

A pro triathlete friend of mine pays his agent a cut of what his agent brings in and also the agent negotiates contracts and such. My buddy says it is worth the money not to have to deal with it and believes that his cut (which he did not share with me) is worth not having to worry about it.

If Wariner thinks it is a valid amount, then that is all that matters. It is his money.

20% is the standard on all endorsements. Johnson isn't paid extra.

3-4% is typical for actual contracts with NBA and NFL teams. Since there is likely a lot of work involved in generating offers of appearance money for races, I think the 20% is about right.

I never suggested that he go without an agent I just wonder why he pays Johnson so much. I would think that an athlete of his caliber could easily sign with a big name agent for 10% and get the same if not better results.

I know what agents do and I know some of the things they do are invaluable... But so are coaches.

I somewhat doubt that Johnson somehow has the edge in negotiating over other agents.

seriously man wrote:

I never suggested that he go without an agent I just wonder why he pays Johnson so much. I would think that an athlete of his caliber could easily sign with a big name agent for 10% and get the same if not better results..

Well he may have started paying Johnson 20% at the beginning. Personally i think it was worth it for him, Johnson surely could get him into any meet he wanted and negotiate fee's better being such a huge name. But now if Wariner wins gold again and breaks the world record, he doesn't really need Johnson anymore.(not saying he will ditch him) Once you've become that name that everyone wants, and you're on the verge of world records, you create the demand yourself and you have all the contacts and it will come to you.

Then again, maybe that 20% goes to other things that agents are known to do for their athletes.

$150K a year is not that much money to be paid to coach the best 400m runner in the world/defending olympic champ2 time defending world champ/3rd fastest guy in history at 400m.

Blah wrote: Then again I am a bit surprised that coach would make what sounds like over 150k one athlete. Sounds like Hart has a good gig if he gets 2-3 atheletes to pay him 100k and then baylor kicks in some more money.

seriously man wrote:

I never suggested that he go without an agent I just wonder why he pays Johnson so much. I would think that an athlete of his caliber could easily sign with a big name agent for 10% and get the same if not better results.

I know what agents do and I know some of the things they do are invaluable... But so are coaches.

I somewhat doubt that Johnson somehow has the edge in negotiating over other agents.

He has a big edge. He got screwed in the 90's on a few occasions. MJ knows the ropes, and is more than worth having around. MJ with a star athlete like JW under his wing, will bring in more money for the athlete at the end. For someone of JW's calibre, its worth not worrying about. He's got the best coaching (in spades but still its all there), the best talent, why not the best agent? Its worth not worrying about for JW.

i gave wariners mom 100% take that

MJ realized that Wariner was dumb and he's taking advantage of him. In fact he probably goaded Wariner to do this to ensure he won't get close to his record.

kite flyer wrote:

He's got the best coaching...

Wariner doesn't have the best coaching.

He actually has an unproven coach who just uses the method in which he (the coach) was coached by years previous.

It's not the same method though.

Wariner and Williamson wanted to run more 100's and 150's (link on other thread), and apparently also some jealousy on Wariner's part. I'm looking forward to seeing the results of the change, if you get my drift.

The facts are incorrect in the article. Coach Hart said that Johnson is getting paid 20%. The real number number is double digit but much lower than 20%.

To charge Jeremy $100k to $225k is outrageous in track. Hart lied cuz Johnson charges 15%.

Let's not forget that just bec something is in a print article..doesn't make it accurate or true.

The other top end sprint coaches (kersee, brauman, smith..ie) charge $20 to $30k per athletes and make around $200,000 at the end of the day. Sanya is only paying him a flat fee of 20,000. Her mom is her agent to save money..you think they are dishing out that kind of dough?

IMO....Hart is more suspect as the details emerge.

All track agents know that the max. on percentage is 15%, but MJ may be adding another 5% for other services. 20% is not standard for Track agents, I believe it is regulated by the IOC, but don't quote me on that part.

What is the big deal about JW taking control of his business. I don't care what anyone says Hart wanted too much money. When you are coaching already talented people your job is easier. Most coaches take a lot less than Hart, and get paid mostly off of the runners bonuses. These coaches are living well off the talent, but that is how it has always been. Trevor Gram wanted 100k from Marion and Tim...well we see what happend there. LOL Being Olympic year Hart would not have lost any money really because the bonuses and endorsments increase durning the Olympic years, so bad call on Hart's part. Leave JW alone so he can do his thing.

i want to side with JW except for those pics of him with the gold chains around his neck while he is straddling one of those crotch rocket motorcycles makes it more difficult.

Trap wrote: Trevor Gram wanted 100k from Marion and Tim...well we see what happend there.

And again...that money might not even have all been for Trevor. as the coach or agent of athletes like those, often you need extra money paid to you as what looks like salary, to get the drugs for their athletes. sometimes the athletes get it themselves, but often the coach or agent is involved which is why they go to that coach or agent in the first place. Handing large sums of money to someone legally as part of a contract makes a lot more sense.