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.

Adeiny Hechavarría rejoins Braves on one-year, $1 million deal

Adeiny Hechavarría
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On Thursday, ESPN’s Jeff Passan reported that the Braves and shortstop Adeiny Hechavarría reunited on a one-year, $1 million contract.

Hechavarría, 30, began the season with the Mets but was released in mid-August and joined the Braves shortly thereafter. He enjoyed more success in Atlanta, albeit in a smaller sample size. In aggregate, Hechavarría hit .241/.299/.443 with nine home runs and 33 RBI over 221 trips to the plate. More importantly, he provided versatility with above-average defense.

The Braves are banking on Hechavarría doing more of the same in 2020 as a backup infielder. He will spell Ozzie Albies, Dansby Swanson, Johan Camargo, and Austin Riley as needed.