Exploiting inefficiencies in the agent business: one agency lowers its commissions

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This is interesting. Darren Heitner of Forbes is reporting that one agency which represents a lot of baseball players — Performance Baseball – is cutting its commission fees from the typical 5% to 1.5%:

”We saw a fiercely competitive landscape where everybody looked the same.  The agents basically offer the same services, pretty much the same fee structure whether it is 4% or 5%, and I could literally hear the sound in my ear from a meeting a couple of years ago where a guy was saying ‘you guys are all really the same.’  My partner and I said let’s focus on what we do best and what we really enjoy doing.”

The article notes that, in reality, not all agents are the same, as some provide different services to their clients. Scott Boras, for example, famously has an entire operation of training, personal business management and general hand-holding professionals on staff to be one-stop shopping for clients. Others, like the guys at Performance, are more about doing the deals and that’s it. Yet, for some reason, all still charged the same basic commissions.

Interesting to see some agents go to the budget model (though I doubt they’d call it that). Maybe it will help disrupt the pattern in which some agents do a ton of work for a player between the ages of 18 and 25 or something and then get tossed aside for someone else just before the player hits free agency.

Mike Trout has a torn thumb ligament, could require surgery

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Yesterday Mike Trout left the Marlins-Angels game after hurting his thumb while sliding head first into second base. After the game the Angels talked about it as if it were just a sprain. Trout had an MRI today, however, and the diagnosis is far worse: he has a torn thumb ligament.

While a treatment option has not yet been chosen, surgery is a possibility. A certainty is that he’ll miss, at the very least, several weeks of play. He has been placed on the disabled list for the first time in his career.

Trout, the reigning AL MVP and, without question, the best player in baseball, is batting .337/.461/.742 with 16 home runs, 36 RBI, 36 runs scored, and 10 stolen bases in 206 plate appearances this season. Even with the one of the weaker supporting casts in baseball, Trout had the Angels near .500 and in at least arguable contention in the AL West.

Without him, they are likely sunk. Without him, baseball is worse off.

Basebrawl! Harper, Strickland punch away, Nats-Giants fight

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SAN FRANCISCO — Nationals slugger Bryce Harper and San Francisco reliever Hunter Strickland both landed punches to the head during a wild brawl that erupted Monday after a hit by pitch.

Harper was hit in the right hip by Strickland’s 98 mph fastball in the eighth inning with Washington ahead 2-0.

Harper pointed the bat toward Strickland, charged the mound and fired his batting helmet wide of the pitcher. They started to swing away and they each connected as the benches and bullpens emptied.

At least two Giants players forcefully dragged Strickland from the middle of the brawl all the way into the dugout. Harper and Strickland were both ejected.

In the 2014 NL Division Series, Harper hit two home runs off Strickland. After the star’s second shot, in Game 4, he stared at Strickland as he rounded the bases.