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Yangervis Solarte Newsbeat

Sunday, May 01, 2016

MLBTR: Five MLB Players Enter Into Brand Contracts With Fantex

Fantex, Inc. announced today that it has entered into brand contracts with five Major Leaguers: Phillies third baseman Maikel Franco, Astros right-hander Collin McHugh, Orioles second baseman Jonathan Schoop, Twins right-hander Tyler Duffey and Padres third baseman Yangervis Solarte (as noted on BusinessWire.com).

Fantex offers professional athletes an up-front, one-time payment in exchange for a portion of that player’s future earnings both on and off the field. Fantex then sells “shares” of that player to public investors for a set price (thus covering the up-front payment to the player), allowing those investors to turn a profit if said player crosses a certain threshold in his career earnings.

A few days late, but I found it to be interesting.  My guess is Solarte comes out ahead in this and Franco makes Fantex rich.


 

 

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