Maikel Franco, four other players sell stock in their future earnings

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Last year, Angels pitcher Andrew Heaney became the first Major League Baseball player to sign a contract with a company called Fantex. Fantex’s business: selling stock, more or less, in atheltes’ future earnings. The company paid Heaney — who was making the major league minimum at the time — $3.34 million in exchange for a 10% stake in Heaney’s future “brand income.” Investors could then buy shares of a stock from Fantex linked to Heaney’s future earnings.

Yesterday, Fantex announced a handful of new indexed players: 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 I wrote when Heaney did this last year, these deals work like an insurance policy that pays out now. At the moment these guys don’t make a ton of money and if they get hurt or flame out it’s a nice way to secure their future. If they do flame out and get highly-paid, sure, it’s gonna cost them a bit. A gamble, then, just as a lot of financial decisions athletes make are gambles.

Evan Gattis says he is ‘done playing’ baseball

Evan Gattis
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In a recent appearance on the 755 Is Real Podcast, hosted by The Athletic’s David O’Brien and former Braves reliever Eric O’Flaherty, catcher Evan Gattis confirmed he is “done playing” baseball. Gattis said back in October that he didn’t have any desire to continue playing the game, so this news comes as no surprise.

Gattis, 33, hit .226/.284/.452 with 25 home runs and 78 RBI for the Astros in 2018. The Astros did not extend him a qualifying offer, then $17.9 million. Though reporting on specific offers is scant, it is hard to imagine he received zero offers, or would have received zero offers if he were still interested in playing.

Gattis has one of the more interesting stories out there. He was a well-regarded college baseball prospect, but he battled anxiety and substance abuse. He checked into rehab and, temporarily, abandoned his baseball-related pursuits. Gattis eventually resumed playing college baseball but suffered an injury, prompting him to drop out of college. He went on to take on some not-so-glamorous jobs, including working in a pizza shop, as a parking valet, a ski-lift operator, and a janitor. Gattis battled more mental health issues, suffering from insomnia and depression, resulting in suicidal ideation. He checked into an inpatient psychiatric ward for several days. Afterwards, Gattis roamed around the west coast, going from Colorado to New Mexico to California to Wyoming.

In 2010, Gattis returned to baseball, playing for the University of Texas of the Permian Basin. He performed rather well, resulting in his being drafted by the Braves in the 23rd round that year. He worked his way through the minors quickly, debuting in the majors in 2013. The rest, as they say, is history. Gattis retires with a career .248/.300/.476 batting line along with 139 home runs, 410 RBI, and 299 runs scored over 2,662 trips to the plate.

The story of Gattis is an important one because mental health in general was not taken seriously, especially among men. It still isn’t, to a large degree, but it’s better now than it was 10 years ago. Due to social taboos and gender norms, men are much less likely to seek help for mental health issues. That Gattis — a burly avatar of testosterone — was willing to be vulnerable about his struggles with his mental health was important.