Baseball players are asked to take on risk in a way that is unique. We fight year after year for financial security, with few guarantees or safety mechanisms. In other careers, things look different. For example, investors manage risk by diversifying their portfolio and all 30 Major League Baseball franchises have entered into a revenue-sharing agreement. They spread risk. We do not. And I don’t think the public understands; I’m sure we have all had people assume we’re rich because we are professional ballplayers. Newsflash – it is hard to reach the MLB, and the MLB is where the money is!
Baseball & Business
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