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Well, they offer it as one solution. The other solution would be for the union not to throw pre-free agent players and minor leaguers to the wolves.
The lifetime of health care may be worth more than the 1.5M they get pre-arb. Plus the pension after a mere 43 days of service time (if my google is correct).
Of course. If the player doesn't pay, the funder would take him to court, and could push him into bankruptcy if he spent their money like a drunken sailor. That risk would also be priced into the amount investors would offer up front. I imagine they could come up with some rolling collateral scheme in which part of the player's salary that doesn't go straight to the funder is kept in escrow...
Because I-bankers and Hedgies like to take a fat vig for arranging dubious or economically pointless transactions
But only get paid if the transaction is consummated, which it never would be because the third-party investor will always be outbid. Trust me on this one, snapper, the context is preclusive. This has zero chance of working.
Why would the third-party investor always be outbid? I'd bet there are plenty of rich jock-sniffers who would be willing to invest (or "invest") in minor leaguers whose team has little or no interest in offering anything resembling a Singleton-type contract.
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