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UConn Athletics
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OTE, Ollie's Team, Signs first 2 players
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[QUOTE="Madmannsucks, post: 4006195, member: 8627"] Actually they have a similar plan in MLB and it is working out for the investors. Fernando Tatís Jr. was 18 years old, just a low-level prospect from the Dominican Republic trying to work his way up in the San Diego Padres farm system, when he made a financial deal that would impact his entire baseball career. And it wasn’t with the Padres. Tatís signed a contract with Big League Advance, an unusual investment fund that pays minor-league players money up front in exchange for a share of their future MLB earnings. Tatís, now 22 and widely viewed [URL='https://www.wsj.com/articles/fernando-tatis-jr-wants-to-be-the-face-of-baseball-11612278015?mod=article_inline']as one of the sport’s best young stars[/URL], today knows what those earnings will be. He agreed to a record-setting 14-year contract with the Padres on Wednesday night worth [URL='https://www.wsj.com/articles/fernando-tatis-contract-san-diego-padres-11613622904?mod=article_inline']an eye-popping $340 million[/URL], the third-highest total in MLB history. His new contract also creates a significant obligation for Tatís: to pay a sizable chunk of his new bounty—perhaps close to $30 million—to Big League Advance. Tatís’s arrangement is the most high-profile payday yet for Big League Advance and the unorthodox financial instrument it has created. [/QUOTE]
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OTE, Ollie's Team, Signs first 2 players
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