Monday, September 14, 2015
Player Stocks
?Instead of only the team being able to give the player his insurance, we have third parties doing so. Frank Thomas did this by the way, but that was when he was established. He basically borrowed money against his guaranteed future earnings. Say he was due 55MM$ over 5 years. He sells that for 45MM$ (or whatever) up front. The only risk is a work stoppage or his team going bankrupt (see Penguins).
So, there are different ways to sell your future, and it doesn't have to be just the team that can offer you that deal. At least, that's what this company is suggesting.
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• 2015/09/14
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