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Unregistered Athlete’s Agent Ordered To Stop Representing Student Athletes Pending Investigation
Posted Date: 4/6/2011

Contact: Bob Walsh
(702) 486-2450
rwalsh@sos.nv.gov

UNREGISTERED ATHLETE’S AGENT ORDERED TO STOP REPRESENTING
STUDENT ATHLETES PENDING INVESTIGATION

Secretary of State Ross Miller says Potential Penalties Should Be Inducement For All Agents to Register with the State.

(Carson City, NV: April 6, 2011) -- Nevada Secretary of State Ross Miller says a local agent for
athletes must stop representing or soliciting student athletes pending the outcome of a complete
investigation which has been initiated by the Secretary of State’s office. The Secretary of State
has filed a Cease and Desist order to stop Steve Caric of Las Vegas from acting as an athlete’s
agent. Caric, who is not registered as an athlete’s agent in the State of Nevada, has indicated to
the Secretary of State’s office that he will cooperate fully with the investigation. He came to the
attention of the Secretary of State’s office as a result of a feature article about him in the April 1,
2011 Review Journal Business section.

“The regulation of sports agents exists for the protection of the players and their
families,” said Nevada Secretary of State Ross Miller. “This isn’t something that’s unique to
Nevada. The Uniform Athlete’s Agent Act has been adopted by a majority of the states, and was
adopted here in Nevada in 2001. It’s very clear in setting standards of behavior for agents who
are representing athletes making the transition from amateur to professional. One of the most
basic provisions of the law is that agents must be registered in the states in which they are doing
business.”

According the Nevada Revised Statutes, “…a person shall not act as an athlete’s agent in
this state without holding a certificate of registration…” and “…A contract of agency resulting
from conduct in violation of this section is void, and the athlete’s agent shall return any
consideration received under the contract.” (NRS 398.448). Sanctions for violation of the
Uniform Athlete’s Agent Act are further outlined in NRS 398.600.

“The article about Mr. Caric clearly stated that he had worked at a ‘high profile sports
management firm’ in Los Angeles,” said Miller. “It also said that he is representing players who
could be selected in this year’s National Football League draft. We were surprised to see that,
since he wasn’t registered with us. I think it’s reasonable to expect that, given his background he
would know the rules by which the profession operates.

“Quite frankly, we don’t have the resources to chase cases of this sort. It can take a huge
amount of investigative resources. But the penalties for operating without registering can be so
onerous that it makes sense for agents to register. When it’s right there staring at you from the
page of the newspaper you have to act on it.”

Caric has been fully cooperating with the Secretary of State’s investigation which will
determine what his registration status is in the states where he has been operating; what clients he
is representing while in an unregistered status; what specific activities he has engaged in with
those clients; and what Caric’s relationship has been with various colleges and sports programs.
Upon completion of the investigation the Secretary of State could take administrative action, or
turn the case over to the Nevada Attorney General’s office for potential legal action.

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