Ravens rookie safety Matt Elam was the only player selected in this year’s NFL draft without first hiring an agent. Now he plans to be the only one of those players to sign his contract without first hiring an agent.
Elam, whom the Ravens took with their first-round pick, doesn’t plan to hire an agent and will negotiate his own rookie contract, according to Aaron Wilson of the Baltimore Sun. Elam is the only one of the Ravens’ draft picks who hasn’t signed yet.
Although it’s rare for a player not to hire an agent, the new Collective Bargaining Agreement makes agents a lot less important than they used to be for rookies. The CBA dictates that Elam will get a four-year, $6.767 million contract with a $3.301 million signing bonus. If Elam were to pay the maximum allowable commission of 3 percent of that to an agent, he’d be giving up $203,010. So he’ll save a nice chunk of change by failing to hire an agent.