What percentage of an MLB contract does the agent get?
A Major League Baseball (MLB) agent's commission is typically 5% of the total value of the player's contract. An agent receives a commission on the entire salary, including any signing bonuses, salary increases, and additional incentives. The amount of commission may differ between agents and players, with some agents taking a lower percentage in exchange for additional services. The agent's commission is paid by the player's team, not the player, and is paid out in equal installments over the life of the contract. The agent must also abide by any MLB regulations regarding commissions and agent compensation.Read More