MANAGEMENT

Detailed explanation-1: -Sports contract means a contract under which an athlete is employed or agrees to participate, compete, or engage in a sports or athletic activity at a professional or amateur sports event or athletic event.

Detailed explanation-2: -One of the first agents to represent individual athletes and a pioneer of the sport marketing industry is: Mark H. McCormack. NCAA rules require that the university’s chancellor or president approve a coach’s endorsement deal.

Detailed explanation-3: -Professional athletes often enter a player contract with a professional team for a specified number of seasons. A player contract will include any signing bonuses, no trade clauses, injury liability, and restricted free agency provisions.

Detailed explanation-4: -Specific Performance It means fulling a promise made under a contract as agreed. Specific performance is governed by the provisions of the Specific Relief Act, 1963. Specific performance is granted by the court in those cases where it is impossible to fix compensation.