How much is Scott Boras worth?
|Net Worth:||$500 Million
|Profession:||Professional Sports Agent|
|Date of Birth:||November 2, 1952|
|Country:||United States of America|
Who Is Scott Boras
Scott Boras is an award-winning American baseball sports agent who was born in Sacramento, California, in 1952. He had a simple upbringing as his father was a dairy farmer, but he swiftly showed the world that he was capable of more. He always had a deep love for baseball and quite a talent for the game. When he turned eighteen, he attended the University of the Pacific, where he played on the school’s baseball team, racking up many school records for the university.
After he graduated from college, Scott Boras began playing in the minor leagues, but he had a few knee injuries, which ultimately took him out of the game. He retired with a batting average of .288. But that didn’t mean that he was ready to give up! He returned to university, eventually earning a law degree from the McGeorge School of Law.
It was in the 1980s when Boras decided to integrate his love for baseball into his career. He changed history in 1983 when he negotiated a $7.5 million dollar contract. Since then, he founded the sports agency Boras Corporation that currently represents over a hundred professional baseball players. Some of his most famous clients include A-Rod, Matt Holiday, and Jeyson Worth.
As of 2020, Scott Boras has a net worth of $500 million dollars.
How Did Scott Boras Get So Rich?
Scott Boras has a net worth of 400 million dollars, which is due to the heavy-hitting contracts that he negotiated. His career took off with his $7.5 million agreement in the ’80s, and his success just kept climbing from there, making people ask how did Scott Boras get rich famous? The answer is simple: he kept breaking records. He went from making the largest baseball contract in history and became the first agent to establish an agreement that valued over 50 million dollars.
With all of his famous and successful clients, he makes a commission of 5%. Between 2017 and 2018, he made multiple contracts that were valued at 1.88 billion dollars. His cut was at least $105 million. His company, the Boras Corporation, has 2.3 billion dollars worth of active contracts in Major League Baseball. One of these contracts includes a monumental deal with the Philadelphia Phillies that totaled at $330 million. With all these numbers in play, it’s easy to see why his net worth is so high.
Why Is He So Famous?
Scott Boras became famous in 1983 when he signed the largest contract in baseball history (at the time) for Bill Claudill. Since then, he has made quite a name for himself in the industry. Boras is most well known for his record-breaking contracts as he was the very first sports agent to arrange a contract valued over 50 million dollars. His company has been named one of the most successful and most valued agencies in the world. Forbes list even called Scott Boras the “Most Powerful Sports Agent in the World”.
What Makes Scott So Successful?
Scott Boras’ success is due to his hard work, dedication, and love for baseball. He was an extremely talented baseball player whose life course was thrown off by a severe knee injury, but instead of letting his retirement weigh him down, Scott put his head down and kept working. He went to law school and became successful by integrating his love of baseball with his career.
If Scott Boras had given up on his love for this American past time, who knows what the Major Leagues would look like now? It’s easy to assume that the sport would not be the same without Boras’s efforts.
Scott refused to give up, and when there was a bump in the road, he didn’t let it take him off his path. He simply found a new way to be successful in the world that he loved so much – the world of sports. Because of his strong will and determination, Scott Boras has become one of the most famous (if not THE most famous) sports agents in the world.
Scott Boras is a shining example that it’s possible to follow your dreams and become wealthy and successful. All you need is a little bit of talent, tenacity, some true grit, and a whole lot of hard work. Lastly, and most importantly, if you want to be like Scott Boras, you can NOT be afraid to break some records.