Updated

A Georgia-based agent has been charged with violating the state's sports agent laws by providing gifts to three former Tar Heels football players and obstruction of justice.

An unsealed indictment states that a grand jury indicted Terry Watson with 13 counts of providing cash and travel accommodations to Marvin Austin, Greg Little and Robert Quinn in an effort to sign them. Watson also faces one count of obstruction for not providing records sought by authorities.

Watson was arrested Wednesday morning, released on a $50,000 secured bond and will have his first court appearance in the afternoon.

All three former UNC players are in the NFL.

The law requires agents to register with the North Carolina Secretary of State's office and prohibits offering gifts to entice athletes to sign representation contracts.