Agent Boras Scrutinized

Since making it big by representing players like Barry Bonds and Alex Rodriguez ("A-Rod), competing agents have hoped for a day to catch agent Scott Boras in illegal activity. Boras has dominated the baseball market for many years, making it difficult for other agents to compete. Well now, those agents may have a chance for a little break...

Boras is now being questioned for making illegal payments to prospective players in the Dominican Republic. The NY Times reports that Boras has made payments to prospects in the Dominican that violate the Union's rules for agents. Agents are only allowed to give loans of less than $500 to prospects unless disclosed to the Union. This regulation is designed to minimize the dependence a prospect has on an agent. Boras allegedly provided players in the Dominican of upwards of $70,000!

It is unclear what punishments, if any, Boras will receive from the Union, but this activity will not go unnoticed.

Note: Boras' alleged payments to Dominican prospects are more carefully scrutinized than those made by investors and hedge funds as reported earlier this week. This is due to the additional dependency players have on the expertise of agents, as well as, the regulations agents are subject to within the confines of the Union.