GTP maintains 5 digitally automated Contracts that may be initiated directly from a Members profile page
Amateur Status Contracts Explained:
Amateur Status Contracts are created and executed by Guardians of Junior Players under 18 or by Guardians of Junior Players who are currently enrolled into NCAA athletics with either a Certified Coach, Trainer or Academy. This ensures NCAA eligibility compliance per NCAA manual 188.8.131.52.6. Amateur Contracts are signed and Deferred Compensation is paid by a Certified Guardian to GTP which pushes payments to a Certified Coach, Trainer, or Academy. You must be registered as a Certified Member within GTP’s Association to utilize these contracts and their privileges. A 4% interest rate per annum does apply and GTP will collect on 20% of principal.
Engagement Contracts Explained:
Engagement Contracts are created and executed by Certified Athletes with Certified Coaches, Trainers and Academies ONLY. Deferred compensation through Engagement Contracts is secured by 15% of a Certified Athlete’s future Tournament Winnings for services provided ONLY. No Coach, Trainer or Academy is entitled to more compensation than the services he or she provides. No Athlete is allowed to not compensate a Coach, Trainer or Academy for their agreed-to market value whether that be today or in the future. A 4% interest rate per annum does apply and a payment plan will commence two years post retirement of the Athlete (Each retirement is sport specific and stated in the sports Association Operating Agreement). GTP does collect on 20% of principal.
Engagement+ Contracts Explained:
A Member will be granted access to Engagement + Contracts if:
- A Certified Athlete has been in the top 650 ATP/WTA singles or top 200 ATP/WTA doubles within the last two years; or
- For any Certified Athlete and Provider who has been approved to execute these Contracts via the Engagement+ Application.
No more negotiating bonuses or exclusivity. Coaches, Trainers and Academies can put “their money where their mouth is,” and be compensated for the services you provide based on their ability to bring out the best in an Athlete. Athletes, only compensate your Coach, Trainer or Academy for the services they have provided on 15% of future Tournament Winnings and on 10% of endorsement deals executed during the term of the Contract. A 4% per annum interest rate does apply to deferred compensation but upon retirement, should the Athletes have any outstanding Collective, that Collective is forgiven.
The Coaches Collective Explained:
Created by Global Tennis Professionals, the Coaches Collective serves as an accountability ledger for Coaches, Athletes, Guardians, Trainers, Academies, Agents and Minor Athletes. The Coaches Collective: Archives who has contracted with who, maintains detailed records of services that have been provided and keeps each member appraised of compensation that is owed and compensation that has been paid. Universally standard contracts protect everyone’s best interests with an unbiased third party (GTP) to hold all parties accountable. Any deferred compensation accrued is collected, held and disseminated in a pro-rata form to the appropriate Coach, Trainer or Academy of an Athletes Collective by the Association.
NOTE: An Athlete is ONLY required to compensate a Coach, Trainer or Academy for the Collective they have accumulated. A 4% interest rate per annum does apply to any deferred compensation remaining until paid in full unless Athlete retires with Engagement + Contracts at which point the Collective is forgiven.
Minor Engagement Contracts Explained:
Minor Engagement Contracts are created and executed by Certified Minor Athletes and their Guardians with either a Certified Coach, Trainer or Academy. Deferred compensation through Minor Engagement Contracts is secured by 15% of a Minor Certified Athletes future Tournament Winnings for services provided only. The Minor Athlete’s Guardian is responsible for ensuring the equivalent amount is reconciled. No Coach, Trainer or Academy is entitled to more compensation than the services he or she provides. No Minor Athlete’s Guardian is allowed to not compensate a Coach, Trainer or Academy for their agreed-to market value whether that be today or in the future. A 4% interest rate per annum does apply to any outstanding collective and a payment plan identical to an Amateur Contract will commence upon a Minor Athlete’s retirement.
Agent Initiated Contracts Explained:
Agent Initiated Contracts are any of the aforementioned Contracts (with the exception of Amateur Contracts) that are initiated by an Agent between two Certified Members. A Certified Agent is ultimately responsible for negotiating the term of the GTP Contract, service to be provided, upfront (if any)/deferred compensation for services provided and for alerting the Association as to any extensions or changes to the terms of the Contract.