Inside the company that calls itself 'Moneyball-plus'
"I'm a believer in capitalism," says Michael Schwimer, who founded Big League Advantage to cash in on the future earnings of teenage athletes. Simon…
Source: biztoc.com
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Moneyball-Plus: What Happens When Investors Treat Athletes Like Startups
Michael Schwimer calls his company "Shark Tank for athletes." Critics call it indentured servitude.
Source: businessinsider.com
Gervon Dexter sues to nullify NIL deal at Florida
The Bears’ rookie defensive tackle owes Big League Advance Fund 15% of his pre-tax NFL earnings in exchange for $436,485 he received from the company last year. But the lawsuit argues the contract he signed violated Florida’s NIL Statute.
Source: suntimes.com
Cincinnati Reds rookie Elly De La Cruz may regret this contract
Cincinnati Reds rookie shortstop Elly De La Cruz is a client of Big League Advantage, which gives minor leaguers cash for a share future earnings.
Source: msnbc.com
Moneyball: Tatis took cash as prospect, owes part of fortune
Tatis agreed to receive money from BLA when he was just a budding prospect in exchange for part of his future salary. Only a small percentage of minor leaguers make it to the major leagues, and even a smaller chunk sticks long enough for the big paydays of salary arbitration and free agency. And Big League Advance develops computer programs to try to predict future All-Stars and then tries to invest in those players before they are known, well, commodities. “For us as a company, it’s really a testament to our modeling capabilities and how well we’ve been able to predict success of mino...
Source: washingtontimes.com