Who Is Qualified To Be An Athlete’s Financial Advisor

Who Is Qualified To Be An Athlete’s Financial Advisor

Former Catcher For Red Sox Wins Case Against Merrill Lynch Adviser Five-time MLB all-star sues UBS, ex-rep for $7.6M NFL players hit Wells Fargo, Morgan Stanley with $1.8M arbitration claims: The problem you face as a professional athlete is not the lack of people...
Before You Take Advice Do Your Homework

Before You Take Advice Do Your Homework

The two fatal mistakes athletes make are hiring the wrong advisors and trusting them far too much. Earlier this week 60 Minutes aired “Thrown for a Loss”  which shared the sad story of how several of the NFL’s biggest stars lost a total of $43 million in a risky...

What Qualifies Someone As a Financial Expert?

The problem you face as a professional athlete is not the lack of people willing to extend a helping hand but the number of unqualified advisors soliciting your business. Thanks to the widespread flow of information on the internet it seems that everyone is now a...
Building Your Team of Experts

Building Your Team of Experts

Why do we play the game? The simple answer: to win. If MLB teams did not care about the outcome of the game, they would choose players based on who they liked, who they were friends with, and who they were related to. We all know this would never happen and is why...
Signing Bonus, What’s Your Number?

Signing Bonus, What’s Your Number?

Should you sign a professional contract or head to campus?  This is the decision every high school or college player with eligibility will make this upcoming June. This looming decision will have a dramatic impact on the trajectory of your baseball career and life....
Negotiating Your Signing Bonus Payment Structure

Negotiating Your Signing Bonus Payment Structure

Are you familiar with how a signing bonus is paid out? Historically, teams have split the gross amount into two equal payments over two years.  It is a common misperception that the 50/50 payment structure is the only option. Not only is this false, for the majority...