This is interesting. Darren Heitner of Forbes is reporting that one agency which represents a lot of baseball players — Performance Baseball – is cutting its commission fees from the typical 5% to 1.5%:
”We saw a fiercely competitive landscape where everybody looked the same. The agents basically offer the same services, pretty much the same fee structure whether it is 4% or 5%, and I could literally hear the sound in my ear from a meeting a couple of years ago where a guy was saying ‘you guys are all really the same.’ My partner and I said let’s focus on what we do best and what we really enjoy doing.”
The article notes that, in reality, not all agents are the same, as some provide different services to their clients. Scott Boras, for example, famously has an entire operation of training, personal business management and general hand-holding professionals on staff to be one-stop shopping for clients. Others, like the guys at Performance, are more about doing the deals and that’s it. Yet, for some reason, all still charged the same basic commissions.
Interesting to see some agents go to the budget model (though I doubt they’d call it that). Maybe it will help disrupt the pattern in which some agents do a ton of work for a player between the ages of 18 and 25 or something and then get tossed aside for someone else just before the player hits free agency.
John Wisely of the Detroit Free Press reports that current free agent reliever Francisco Rodriguez is being sued by his former landlord for damage to the rented property as well as missing artwork. The landlord is asking for $80,000 after having kept Rodriguez’s $15,000 security deposit.
The lawsuit says that Rodriguez damaged a bedroom TV, a crystal floor lamp, glass shelves in the bar, glass tiles in the master bath, and a Moroccan mirror in the powder room. Additionally, the suit claims that the bedding is stained and paint has chipped, as well as other damages. And the piece of art that is allegedly missing, which depicts a tiger, is valued at more than $10,000.
Rodriguez has not yet been served with the suit, but the landlord has been speaking to his managers.
The Nationals released Rodriguez, 35, two weeks ago after having signed him to a minor league contract in late June. He started the season with the Tigers, but struggled to a 7.82 ERA over 25 1/3 innings before being released.
MLB.com’s Mark Feinsand reports that the Rays have acquired first baseman Lucas Duda from the Mets. The Mets will receive pitching prospect Drew Smith in return, per Jeff Passan of Yahoo Sports.
Duda, 31, is batting .246/.347/.532 with 17 home runs and 37 RBI in 291 plate appearances for the Mets this season. He’ll provide a potent bat in the Rays’ lineup as they attempt to overcome their current 2.5-game deficit in the AL East.
Smith, 23, is the Rays’ No. 30 prospect, according to MLB Pipeline. He ascended from High-A to Triple-A already this season, posting an aggregate 1.60 ERA with a 40/9 K/BB ratio over 45 innings across four stops with High-A Lakeland (Tigers), High-A Charlotte (Rays), Double-A Montgomery, and Triple-A Durham.