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After the draft, the GM is one of the key figures in the negotiating process when a contract is being hammered out.
GENERAL MANAGER JOB DESCRIPTION MANUFACTURING PROFESSIONAL
The highest-level professional leagues hold a yearly draft during which GMs work with team presidents, team owners, coaches, scouts and other personnel to determine which players would be best for the team to draft. General managers are responsible for drafting players to play for the organization for which he works.
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The GM must understand the legalities of the contracts. At the highest professional level, GMs deal on a daily basis with multimillion dollar contracts. One of the GM's most important budgetary roles is to sign and release athletes from contracts. The general manager oversees the budgets for many of the groups in the sports organization. Players will be called upon to take part in some marketing outreach to help in this regard. He also can work with the hospitality staff to provide refreshments that fans will want to buy. The GM can work with team promoters to arrange for entertaining acts to perform during breaks in the action. If the GM's attempt to assemble a predominantly winning team fails he may instead focus resources on providing a fun fan experience. If a team wins, it is much easier to attract fans willing to buy tickets. In many cases, the most straightforward way to do this is to assemble a winning team with good players. General Managers are in charge of making sure the product that a team puts on the court or the field is one that guests and fans will want to pay to see.