(Bloomberg) — Nine percent of the National Basketball Association’s 450 players are on the move, which means Chris Dingman is a very busy man.
“It’s an opportunity,” Dingman, whose business specializes in professional athlete relocation, said in a telephone interview. A record-setting NBA trade deadline two days ago resulted in 12 transactions involving 17 teams and 39 players who, according to the collective bargaining agreement, have 48 hours to report to their new teams.
Dingman, 36, said he’s previously worked with two of those players who were traded. He declined to name them, saying loose lips are bad for a business that did “several million” in sales last year. He wasn’t specific, though he said his Newport Beach, California-based The Dingman Group is the overwhelming leader in moving athletes who have changed teams.
For some players, like reigning Rookie of the Year Michael Carter-Williams, being traded comes as more than a mild surprise.
“I can’t lie I’m shocked,” the point guard wrote on his Twitter page after he was sent to the Milwaukee Bucks from Philadelphia 76ers.
Founded in 2006, The Dingman Group offers services beyond packing household items and loading the truck. The firm also assists with buying or selling a home, renting and furnishing a residence and, if needed, transporting a vehicle. He said real estate is the most profitable part of his business.
Players are reimbursed for moving expenses, according to the labor contract. That includes one vehicle for a single player and two if he’s married.
Dingman said athlete relocations “trend to be more expensive,” though not by a significant amount.
If an athlete doesn’t reach out directly, Dingman said his business plan is based on three pillars: the player and his family, agents and the teams.
“A lot of these guys are insulated with advisers,” Dingman said, adding that in the four major U.S. sports leagues his company is the unofficial partner of 12-15 franchises. He wouldn’t name them.
Working with athletes requires a deft touch, he said, because some are going from first-place teams to cellar dwellers or warm-weather locales to snow. Moving is a distraction that athletes, especially those in-season, don’t want or need.
“It’s not an easy time,” he said. “Some guys like where they’re going; Some guys aren’t happy. We’re there to make this part of their life stress free.”
To contact the reporter on this story: Scott Soshnick in New York at [email protected]
To contact the editors responsible for this story: Michael Sillup at [email protected] Dex McLuskey