We talked about the stuff with Jon Singleton the other day. How he took what will probably end up being a well-below-market value from the Astros. At least well-below market if he becomes a solid everyday player. But hey, given the system, that’s what he felt he had to do in order to abrogate his risk.
But what if he had another option? Like the option D.R. at The Economist suggests: Singleton basically selling bonds to investors backed by future earnings?
The other possibility is a free-market solution from outside baseball: human-capital contracts, in which players would sell a share of their future earnings in exchange for cash up front. Just like the deal Mr Singleton accepted, such arrangements would guarantee athletes’ future financial security regardless of their on-field performance. But rather than having to negotiate with a single team, players could auction off the rights to a given percentage of their wages to the highest bidder, thus securing fair market value for the expected income. They would then be free either to take their chances with salary arbitration on a year-to-year basis, or to demand a far richer extension from their employer.
I’m not an expert in the Collective Bargaining Agreement or MLB rules along these lines, but at first blush I can’t see why this wouldn’t be allowed. It’d be like any other outside investment scenario that is none of baseball’s business, right? Or would someone consider it gambling or something?
I doubt baseball players break ground here — it’s somewhat radical for the sport and it’s the sort of thing that might get you labeled an oddball or egomaniac or something by teammates and the press, but I at least think it’d be legal. Someone let me know if I’m wrong, though.
Either way, it’s pretty cool.
PITTSBURGH — The New York Mets will have to dig out of an early-season hole without star first baseman Pete Alonso.
The leading home run hitter in the majors will miss three-to-four weeks with a bone bruise and a sprain in his left wrist.
The Mets placed Alonso on the 10-day injured list Friday, retroactive to June 8. Alonso was hit in the wrist by a 96 mph fastball from Charlie Morton in the first inning of a 7-5 loss to Atlanta on Wednesday.
Alonso traveled to New York for testing on Thursday. X-rays revealed no broken bones, but the Mets will be missing one of the premier power hitters in the game as they try to work their way back into contention in the NL East.
“We got better news than it could have been,” New York manager Buck Showalter said. “So we take that as a positive. It could have been worse.”
New York had lost six straight heading into a three-game series at Pittsburgh that began Friday. Mark Canha started at first for the Mets in the opener. Mark Vientos could also be an option, though Showalter said the coaching staff may have to use its “imagination” in thinking of ways to get by without Alonso.
“I’m not going to say someone has to step up and all that stuff,” Showalter said. “You’ve just got to be who you are.”
Even with Alonso in the lineup, the Mets have struggled to score consistently. New York is 16th in the majors in runs scored.
The team also said Friday that reliever Edwin Uceta had surgery to repair a torn meniscus in his left knee. Uceta initially went on the IL in April with what the team called a sprained left ankle. He is expected to be out for at least an additional eight weeks.
New York recalled infielder Luis Guillorme and left-handed reliever Zach Muckenhirn from Triple-A Syracuse. The Mets sent catcher Tomás Nido to Triple-A and designated reliever Stephen Nogosek for assignment.
Nogosek is 0-1 with a 5.63 ERA in 13 games this season.