Scott Boras Net Worth
Scott Boras net worth, commission and salary: Scott Boras is an American sports agent who has a net worth of $450 million dollars. Scott Boras founded the highly successful sports agency, The Boras Corporation. He focuses primarily on baseball players and has over 175 high-profile clients. Some notable current and former clients include Stephen Strasburg, Gerrit Cole, Anthony Rendon, Alex Rodriguez, Matt Holliday, Manny Ramirez, and Jayson Werth.
Early Life: Scott Dean Boras was born on November 2, 1952, in Sacramento, California. He grew up in Elk Grove, California as the son of a dairy farmer. 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.
Following his baseball career ending, Scott 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.
Success: In the early 80s he decided to become a full-time sports agent. In 1983 he negotiated what was then the largest contract in baseball history, a $7.5 million deal for a player named Bill Caudill. Soon after, he founded the Scott Boras Corporation, a California-based sports agency that now represents hundreds of professional baseball clients, including some of the highest profile baseball players in the world. He has become known for arranging record-setting contracts for his clients. He was the very first agent to negotiate a contract larger than $50 million (for Greg Maddux- $57 million over five years). He was also the first agent to break the $100 million and $200 million contract barrier. Today his company, Boras Corp, is one of the most valuable talent agencies in the world.
Scott Boras salary/commission: Scott earns a 5% commission on all contracts he negotiates for his clients. So for example, between September 2017 and September 2018, he negotiated $1.88 billion worth of contracts for various clients. His commission on those deals was $105 million.
In a one week period in December 2019 Scott negotiated the following deals:
- $245 million for Stephen Strasburg (from the Nationals)
- $324 million for Gerrit Cole (from the Yankees)
- $245 million for Anthony Rendon (from the Angles)
Total it all up and that's $814 million worth of deals for clients, $40.7 million for Scott Boras. Not bad for one week of work!
|Net Worth:||$450 Million|
|Date of Birth:||Nov 2, 1952 (67 years old)|
|Nationality:||United States of America|