Scott Boras Net Worth 2020, Biography, Education, and Career.
Scott Boras Net Worth 2020 – Sports agent who represented many of the best baseball players in the world. He was known for being a brutally tough negotiator with team owners.
Scott Boras Net Worth
Scott Boras is an American sports agent who has a net worth of $400 million dollars.
Scott Dean Boras (born November 2, 1952) is an American sports agent, specializing in baseball.
He is the founder, owner, and president of the Boras Corporation, a sports agency based in Newport Beach, California that represents roughly 175 professional baseball clients, including many of the game’s highest-profile players.
Boras has brokered many record-setting contracts since 1982, and many of his clients, including, Prince Fielder, Matt Holliday, Daisuke Matsuzaka, Magglio Ordóñez, Alex Rodriguez, Stephen Strasburg, Jayson Werth and Barry Zito, are among the highest-paid in the game.
He attended the University of the Pacific where he put up record numbers for the school’s baseball team. He then spent several years playing in the minor league organizations of the Chicago Cubs and St. Louis Cardinals.
Having spent four years in the minor leagues, he retired after going through three knee surgeries. He returned to the University of the Pacific where he earned a doctorate in industrial pharmacology, and a law degree, specializing in medical litigation.
After law school, he went to work as an associate for a Chicago law firm.
Boras’s start as an agent came representing Mike Fischlin, a former high school teammate and major league shortstop for the Cleveland Indians, and Bill Caudill, a former minor league teammate and closer for the Seattle Mariners, both of whom now work for Boras.
By 1980, he had decided his calling was as a baseball agent. In 1983, Boras negotiated one of the largest contracts in baseball history for Caudill ($7.5 million), and not long afterward Boras left his law firm job to represent players full-time.
Today, Boras is the president and owner of the Boras Corporation, a baseball-only sports agency. Boras and the Boras Corporation have become known for record-setting contracts for their free agent and amateur draft clients.
Boras was the first baseball agent to negotiate contracts in excess of $50 million (Greg Maddux, five years, $57.5 million in 1997), $100 million (Kevin Brown, seven years, $105 million in 1998) and $200 million (Alex Rodriguez, 10 years, $252 million in 2000).
Alex Rodriguez’s current contract with the New York Yankees, valued at 10 years for $275 million, could potentially become the first contract to be valued at over $300 million based on incentives listed in the contract that is linked to Rodriguez’s home run totals.
Boras also represents many of the elite players in each year’s amateur draft and has been a strong advocate for increasing the amount of money they receive.
Boras’s first record-setting contract for a drafted player was $150,000 for Tim Belcher in 1983.
Since then, Boras’s clients have regularly pushed draft compensation higher, starting with Andy Benes in 1988 ($247,500), Ben McDonald in 1989 ($1.01 million guaranteed, including a $350,000 bonus),
Todd Van Poppel in 1990 ($1.2 million guaranteed, including a $500,000 bonus) and Brien Taylor in 1991 ($1.55 million) and continuing through J.D. Drew ($8.5 million in 1998) and Mark Teixeira ($9.5 million in 2001).
In 2009, Boras’s clients broke several draft records, led by Stephen Strasburg, who surpassed the $15 million barrier with the largest contract in draft history ($15.1 million),
Donavan Tate, who received the largest signing bonus ever given to a high school player ($6.25 million), and Jacob Turner, who received the largest signing bonus ever given to a high school pitcher ($4.7 million).