Bevalaqua, you are correct, you can have an adviser that is certified and works with pro players. Under one condition. That condition is that you pay the adviser his "reasonable and customary" rate. That was established nearly six years ago. "Reasonable and customary" was originally an insurance industry term. It is now also the term used to describe the "average rate for services rendered".
This means, if the agent/adviser makes 20K on a 4 year contract, he has a 5K per year average. Meaning the amateur player wishing to use that persons services has to pay 5K per year in order to stay compliant.
I just went through this with two commits. One New Hampshire and one UMass. In both cases we had to submit complete documentation for proof of payment. Proof of every school, or junior program we contacted over the course of working with each player. Phone logs, email logs, and notes pertaining to that work. Sometimes you have to go through this investigation randomly, sometimes there is a reason.
If you don't know what you're doing, and aren't meticulous in record keeping, players are at risk. Anyone can be an "Agent" you don't need a currently contracted NHL player to be certified. You pay the $1500 a year, sign prospects that are eligible for the draft, or AHL/ECHL guys and you get certified. There is no test or anything like that. NHL players have to use a certified agent because the CBA says so. Guess who gets the $1500 annual fee? When we get a pro guy now, we pass him along to a certified agent and split the commission.
Remember, for all the published rules in existence, there are "NCAA memorandum" that are not published which more clearly define things. The only way to get those memorandum is to either work in the school system, or attend NCAA compliance meetings. I have not once seen another adviser or agent at a compliance meeting that I attend every year.
Great information thank you!
There sure is a lot of info on this via the NCAA.
There is even a Federal Code that covers it…wow!