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Thursday, September 08, 2005

"Octagon Basketball bulks up with agent Lewis, 3 of his players" by Wes Layton



I found this article to be very interesting. It is related to labor relations and the issues that involve management and their employees. As in many industries competition is fierce. So when a great employee is gained or lost there are significant consequences.

For instance, in this article Octagon Basketball, a sports agency, was able to acquire and recruit Jerome Lewis, a sports agent, to their organization. Jerome Lewis was orginally with Aaron Goodwin of Goodwin Sports. Aaron Goodwin is well known for representing Labron James before Labron got rid of him and hired is long time friend Maverick Carter.

Losing Jerome Lewis to Octagon was a big hit for Goodwin Sports. Jerome Lewis is currently representing 3 top NBA rookies who have potential to make a ton of money in the future. Octagon will benefit from the transaction and benefit from Jerome's clients, not to mention the opportunities that Jerome might create for Octagon by acquiring more top prospects. The article is very informative, but it does not touch on why exactly the move took place. Was Jerome unhappy at Goodwin Sports? Did Jerome and Aaron not get along?

These are questions that would be interesting to find out. Regardless of the causes, we can learn that as a manager it is important to take care of your employees and develop good relationships. Otherwise, good employees will eventually leave and as in this case they might end up with one of your major competitors.

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