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#1 | |||
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Anyone want to own a major league pitcher?
From the Cincinnati Enquirer. I am sure this will hit the national media soon.
http://news.enquirer.com/apps/pbcs.d...70389/1062/SPT Quote:
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#2 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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#3 |
Dark Cloud
Join Date: Apr 2001
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Interesting stuff and more productive than fantasy baseball. And then when a guy goes, "I own you..." they'll really mean it to some degree.
Golfers do it too, but their situation is a little different, especially given the politics of baseball players getting called up on some teams during some years. But clever stuff. |
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#4 |
Coordinator
Join Date: Apr 2005
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I believe Justin Wilson, in the Champ Car racing series, did the same thing in 2003 or 2004.
Last edited by Galaxy : 01-27-2008 at 12:33 PM. |
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#5 |
Hall Of Famer
Join Date: Apr 2002
Location: Back in Houston!
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I wonder what the odds of a minor leaguer making 1.25M in the bigs would calculate out to (particulalrly one who is 26 an in AA- those have to be a bit of long odds)
SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!" Last edited by sterlingice : 01-27-2008 at 01:03 PM. |
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#6 |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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the payout doesn't seem to be all that great. i can take that $20 and put it in my savings acct and at least get a miniscule return on that money, rather than give it to this guy and hope he gets a huge contract so maybe i can make about $400 10+ years from now. if he was 20 yrs old, maybe it'd be more enticing. but for someone like sterling said, mid-20's and only in AA, i'd sooner give that money to charity than to a lost cause. he needed to have started this like 5 yrs ago.
Last edited by Anthony : 01-27-2008 at 01:10 PM. |
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#7 |
Coordinator
Join Date: Oct 2000
Location: Big Ten Country
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Hey, what's a baseball thread without a steroids comment?
"I wonder what will happen when one of the guys for sale starts using the money for steroids." |
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#8 |
General Manager
Join Date: Jun 2006
Location: Chicago, IL
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It's actually a brilliant idea and I hope it catches on. Sounds like more fun than the stock market.
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#9 | |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Quote:
he made it blatently obvious you shouldn't do it if you are interested in the money. |
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#10 |
Grizzled Veteran
Join Date: Nov 2006
Location: Backwoods, SC
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If hee is going to have advantages that arent afforded to him today, he should be prepared to pay out a larger % tomorrow.
Id say 30% of his MLB contracts should go to his investors. Then Each investor would earn ~$100/year for each $1M is salary....that would be fair, I think, to all involved... |
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#11 | |
Torchbearer
Join Date: Sep 2001
Location: On Lake Harriet
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Quote:
OH HAI, MR. ATTORNEY, I HOPES YOU HAVE GOOD MALPRACTICE INSURANCE. |
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#12 |
Pro Starter
Join Date: Nov 2002
Location: Winnipeg, MB
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Didn't Michael Lewis present this idea in Moneyball (or maybe Liar's Poker)? Or am I thinking of someone else? I'm certain I read about this sort of idea years ago...
Either way, I'm excited to see it happen. I agree that this guy isn't giving quite enough back to the investors though.
__________________
"Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime." |
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#13 | ||
Head Coach
Join Date: Oct 2000
Location: North Carolina
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Quote:
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I think the answer there is for you to not invest. He has no incentive to make this "fair." He has an incentive to set the price so that he gets the largest possible amount of investment while committing himself to paying the smallest possible amount of return. Certainly, this guy is going to get a novelty markup. Like someone noted above, you would do better with a decent savings account than with this guy. |
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#14 | |
Pro Starter
Join Date: Nov 2002
Location: Winnipeg, MB
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Quote:
Right, and it's that reason that I won't even consider investing. But if this is going to become a legitimate enterprise for young athlete's (and not just a one-time novelty), I believe they will have to give up more. I suppose the market will eventually dictate what that amount is (and it very well will be different for each individual based on prospect status I would imagine).
__________________
"Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime." |
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#15 | |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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Quote:
why else would i be interested in giving this guy money? so he can live his dreams? who's going to give me money for my dreams? not only is the return paltry, you would only get something on the miracle of a chance he has of getting a MLB contract. so not only are you likely throwing money away, it's not even going to a good cause. this model can work, but the return on investment needs to be higher. constructed as-is, this is basically equivalent of e-pandhandling. seriously, this is exactly the same as a bum on the street saying "give me $20 to buy a lottery ticket. if i happen to become a millionaire i'll give you $400". Last edited by Anthony : 01-28-2008 at 08:57 AM. |
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#16 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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I think people are missing the point.
HE clearly states in the article you should do this if you are a baseball fan. I think people would be interested in following his career, etc... |
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#17 |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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it's called the internet. i can do the same thing for free if he started a blog. at least if i was a "Save The Children" sponsor i'd get a personal letter written to me from a hungry kid in a 3rd World country.
again, this could actually work, but in real life when someone is the beneficiary of the financial backing of a sponsor, the sponsor does so with the hope he'll get a return on his investment. if this kid wants charity, he should label it as such. at least at that point one could write off the $20 as a charitable donation. i bet what he would wind up giving back is .002 of his MLB contract. he's asking me to help make him a millionaire. yeah, ok, the check is in the mail, kid. Last edited by Anthony : 01-28-2008 at 09:11 AM. |
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#18 | |
Head Coach
Join Date: Dec 2001
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Quote:
you can follow his career or lack thereof for free poor guy has to have a job. waaaaaaaa. no possible way those hours channelled into "training" make one bit of difference in his baseball career.
__________________
"Don't you have homes?" -- Judge Smales |
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#19 | |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Quote:
well I think it is the novelty. You can go to the library and read a book for free but most people but the book. I would view the $20 more entertainment dollars and less of an investment. |
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#20 | |
Head Coach
Join Date: Dec 2001
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Quote:
I guess I'm not seeing the entertainment part them. Seems like a nice way for the guy to not have to work. Admittedly I don't get the appeal here.
__________________
"Don't you have homes?" -- Judge Smales |
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#21 |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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#22 |
Coordinator
Join Date: Oct 2000
Location: Big Ten Country
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#23 | |
Head Coach
Join Date: Dec 2001
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Quote:
Would love to see the investors watch in horror as the guy gets up at noon everyday and heads down to mcdonalds. now that would be entertainment.
__________________
"Don't you have homes?" -- Judge Smales |
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#24 | |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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Quote:
i have the chance of turning that $20 into more if i gamble it myself. i get immediate entertainment and enjoyment. i also get cute scantilly-clad girls bringing me a complimentary drink or two, depending on how long i can stretch that $20. maybe if i'm good i get a dinner comped. all scenarios are better than giving a kid who told his friends "hey, i'm never gonna make it to the bigs - i'm friggin 26 yrs old and still in AA ball. how much you wanna bet i can get some chumps to give me money to help me 'train' so i can *snicker* 'train full time' and get a huge contract and give them a percentage of it. and by 'train' i mean work on sniping skills in Call Of Duty 4. hahahaha" |
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#25 | |
Coordinator
Join Date: Oct 2000
Location: Big Ten Country
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Quote:
There are totally baseball nuts who would be like that. Guys who probably wish they made it to the bigs but never came anywhere near as close as this guy. To them, it'll probably come off like they're "living the dream" themselves. |
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#26 | |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Quote:
I guess you just don't get it. Or don't want to. The point is that you may prefer to play blackjack and think that is more entertaining. It may be more entertaining for people to follow this guy and live vicarously through him. Of course you are getting a poor ROI. But the point is you feel a part of something you otherwise could never be a part of. OF course you could pick any player for free and track their career, but I would imagine it is a different feeling if you own a stake and had a part in his success, no matter how small. |
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#27 |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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psssst....
(fantasy baseball). |
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#28 |
Head Coach
Join Date: Oct 2000
Location: NYC
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#29 |
This guy has posted so much, his fingers are about to fall off.
Join Date: Nov 2000
Location: In Absentia
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THE TICKER: Hoping for a bull market in the bullpen
February 4, 2008 Leave it to a submariner to come up with this scheme. Randy Newsom, a pitcher in the depths of the Indians' minor league system, had been selling shares of himself until those humbugs at Major League Baseball and the Securities and Exchange Commission shut him down last week. The deal: For $20, an online investor could buy .002% of Newsom's career baseball earnings. He had sold 1,800 shares -- worth $36,000 -- at the time he ceased and desisted, according to the New York Times. For those trying to do the math, the Times said Newsom would have to earn $2 million before his shareholders break even. His initial investors will get their money back for now, but Newsom is determined to devise a way to make the plan right by the MLB and SEC. "This idea is not going away," Newsom, 25, told the Times. "We want to add to the spectating experience for fans, and at the same time do something good for the players."
__________________
M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete." |
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#30 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Interesting. I recall the original article stating he had cleared the idea with the SEC
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#31 |
Pro Starter
Join Date: Sep 2003
Location: Toledo - Spain
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If cheap, i wouldn't mind to own a Pitcher to throw sticks for my dog to run after, but probably owning a 50mts runner would be more useful to go to the supermarket running so fast when i forget something.
__________________
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#32 | |
Banned
Join Date: Oct 2000
Location: Astoria, NY, USA
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Quote:
the only way this post could have made less sense would've been if you had a hamster run over your keyboard and hit "submit". |
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#33 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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wtf was that
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#34 |
Coordinator
Join Date: Oct 2000
Location: Big Ten Country
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Made perfect sense to me...after two readings.
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#35 | |
Torchbearer
Join Date: Sep 2001
Location: On Lake Harriet
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Quote:
While you can seek a "no action letter" from the SEC, this wouldn't be the kind of thing on which they would typically provide such a letter. His web site was almost a tutorial in how not to run a private securities offer. That was the impetus for my quote above about legal malpractice insurance. |
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