Scott Boras Net Worth, Salary and Earnings

Scott Boras Net Worth 2023: If you’re a big fan of baseball, you should be curious about how much Scott Boras is worth. Read on, we will be taking you through the biography, salary, earnings, and net worth of Scott Boras. You’ll also learn how Scott Boras made his money.

Who is Scott Boras and How Much is He Worth?

Scott Dean Boras is an American sports agent, specializing in baseball with an estimated net worth of $600 million. Scott is one of the most powerful and richest sports agents in the world. Boras is the founder, owner, and president of the Boras Corporation, a sports agency based in Newport Beach, California.

The sports agency represents roughly 175 professional baseball clients. The company also represents athletes in professional negotiations which relates to contracts, payments, endorsement deals, and other business agreements.

Boras has been named the Most Powerful Sports Agent in the World by Forbes magazine since 2013. In 2020, he closed contracts totalling more than $41.2 billion, netting $1.9 billion in commissions, including several deals that are within the strike zone of $500 million for a single athlete.

Early Life

Scott Dean Boras was born on November 2, 1952, in Sacramento, California, United States. He grew up with his father who was a dairy farmer in Elk Grove, California. Boras attended the University of the Pacific and made the baseball team as a walk-on.

In 1995, Boras was inducted into the Pacific Athletics Hall of Fame and the baseball team’s annual “Most Improved Player” award is named in his honour. In 1975, Boras made the Florida State League All-Star team, however, his career was cut short by knee problems forcing him into retirement.

Scott Boras received his Doctor of Pharmacy degree from the University of the Pacific In 1977. Following his retirement, Boras returned to the University of the Pacific to obtain his Juris Doctor degree from the University’s McGeorge School of Law in 1982.

After law school, Boras worked as an associate in the pharmaceutical defence department of the Chicago firm Rooks, Pitts & Poust (now Dykema Gossett), defending drug companies against class-action lawsuits.

Career

Scot started as an agent representing Danny Trillo, and Bill Caudill, both of whom now work for him. By 1980, he has decided to pursue a career as a baseball agent. In 1983, Boras negotiated what was one of the largest contracts in baseball history for Caudill ($7.5 million). Not long after, he left the Chicago firm Rooks, Pitts & Poust to represent players full-time.

Today, Scot Boras is the president and owner of the Boras Corporation, a baseball-only sports agency. The Boras Corporation was named by Forbes magazine as the most valuable single-sport agency in the world in 2014.

Boras happens to be the first baseball agent to negotiate contracts in excess of $50 million (Greg Maddux, five years, $57.5 million in 1997), $100 million (Kevin Brown, seven years, $105 million in 1998), and $200 million (Alex Rodriguez, 10 years, $252 million in 2000).

In 2020, Boras Corporation closed contracts totalling more than $41.2 billion, netting $1.9 billion in commissions, including several deals that are within the strike zone of $500 million for a single athlete.

The baseball agent negotiated 13 contracts in excess of $100 million, five of which were above $200 million and two above $300 million. Boras secured a total of $3.2 billion for his clients—30% more than in 2019—netting his Boras Corporation more than $160 million in commissions.

Among the biggest: right fielder Bryce Harper’s $330 million deal with the Philadelphia Phillies, Gerrit Cole’s $324 million deal with the Yankees, and a pair of $245 million deals that sent Stephen Strasburg to the Washington Nationals and Anthony Rendon to the Los Angeles Angels.

Personal Life

Although Scott tries to keep most of his personal life away from the media. Still, we have been able to gather some information about Boras’s personal life.

Scott Boras is married to his wife Jeanette Boras. The couple took their wedding vows on 29 June 1985. The marriage is blessed with three kids, daughter Natalie Boras, and sons Shane and Trent Boras. All three kids are graduates of the University of Southern California.

Scott Boras Net Worth, Salary, and Earnings

As of 2023, Scott Boras has an estimated net worth of $600 million. He earns most of his money from commissions on contract negotiations for clients. Scott earns a 5% commission on every closed deal that he negotiates on behalf of his clients.

In  2020 alone, Boras negotiated 13 contracts in excess of $100 million, five of which were above $200 million and two above $300 million.

Boras secured a total of $3.2 billion for his clients—30% more than in 2019—netting his Boras Corporation more than $160 million in commissions. Among the biggest deals are:

• Bryce Harper’s $330 million deal with the Philadelphia Phillies
• Gerrit Cole’s $324 million deal with the Yankees
• Stephen Strasburg $245 million deals with the Washington Nationals
• Anthony Rendon $245 million deals with the Los Angeles Angels.

Also, between September 2017 and September 2018, he negotiated $1.88 billion worth of contracts for various clients netting Boras Corporation more than $105 million in commission.

Going by his numerous closed deals over the years, Scott Boras is unarguably one of the richest sports agents in the world.

Furthermore, his Boras subsidiary companies include Boras Marketing and the Boras Sports Training Institute. He employs a number of extremely qualified individuals, including an MIT-trained economist, an investment team, and sports psychologists.

Summary

Scott Boras is an American baseball agent with an estimated net worth of $600 million. Boras is the most powerful sports agent in the world. Scot is married to Jeanette Boras and together they have three kids. Furthermore, Scot’s agency is also specialized in player scouting. Boras earns most of his money from his sports agency where he earns 5% commission on every closed deal.