THINGS TO KNOW BEFORE YOU SIGN YOUR FIRST ESPORTS CONTRACT

Information asymmetry is a concept in contract theory and economics that has to do with decisions in a transaction where one party has more or better information than the other. Most new players don’t know who to ask for help and go into contract negotiations without knowing their own true value and industry standards. This asymmetry leads to one-sided contracts that heavily favor the teams. The purpose of this video is to even the playing field and empower players, especially new to the industry, to make better decisions.

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00:00 Intro
02:45 Esports as a business
06:14 Contract Terms
11:55 Three questions players must ask
12:13 Industry Standards
14:53 What teams want?
18:30 Right of First Refusal
20:11 Various contract terms - team perspective
23:33 What do players want?
26:42 Negotiations and Compromises
31:08 Player Agents
35:33 Lawyers
36:36 Offseason
39:54 Negotiating Power in the Offseason
43:22 Information Economy of the Off-Season
45:57 How to prepare as Free Agent or those getting traded
48:07 Contract Extensions
50:14 Players trapped until Free Agency
51:26 Summary


#esports #contracts