GTP maintains 5 digitally automated contracts, available directly from any member's profile page
Amateur Status Contracts Explained:
These contracts are executed between GTP Certified Providers and guardians of minor athletes that are either: 1) under 18 or 2) currently enrolled in NCAA athletics, per eligibility compliance. When deferred compensation is paid by a guardian, GTP dispenses payments to provider(s). Only certified members of GTP’s Association have access to these contracts and their privileges. A 4% interest rate per year applies, with GTP earning a small fee of the principal.
Engagement Contracts Explained:
These contracts are between athletes and providers only. Deferred compensation is secured with 15% of an athlete’s future tournament winnings. Providers are only compensated for the services they deliver. Athletes must compensate a provider at agreed-upon market value. A payment plan will commence 2 years upon an athlete’s retirement. A 4% interest rate per year applies, with GTP earning a small fee of the principal.
Engagement+ Contracts Explained:
- Athletes in the top 650 ATP/WTA singles or top 200 ATP/WTA doubles within the last 2 years; or
- An athlete and provider who have applied for and granted special exemption by GTP.
There is no longer a need to negotiate bonuses or exclusivity. Providers will be compensated for the services they deliver. Athletes will pay for these services based on 15% of future tournament winnings and 10% of endorsement deals signed during the term of the contract, until the collective is reconciled. A 4% interest rate per year applies to deferred compensation. However, should the Athlete have an outstanding balance upon their retirement, that debt is forgiven.
Minor Engagement Contracts Explained:
These contracts are for minor athletes, and executed by their guardian with a provider(s). Deferred compensation is secured by 15% of the minor athlete’s future tournament winnings. The guardian is responsible for the agreed-upon compensation to the provider. A provider’s compensation is strictly for services delivered. 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 payment plan identical to an amateur contract will begin upon the minor athlete’s retirement. A 4% interest rate per year applies, with GTP earning a small fee of the principal.
Agent Initiated Contracts Explained:
Any GTP contract (except amateur) that are initiated by an Agent between 2 or more GTP Certified members. An agent is responsible for negotiating the terms, service to be provided, type of compensation and notifications to the Association of contract changes.