The Sports Trader: Make Your Own Deal

“Every man makes his own deal”. Still one of the best comebacks I’ve ever heard.

I was 30 years old and making enough money to choke a horse. It was the first time I had dipped my toe into an obnoxious level of income, and it went straight to my head.

I didn’t handle it well.  

My work game was on point, but as a human, I had slowly deteriorated into a real jerk. In a moment of true idiocy, I tried to rib a coworker about another guy getting hired at his position, but at higher pay. He simply looked at me, unfazed, and said “Every man makes his own deal. I made mine, and I have to live with it.”

I didn’t even have a comeback.  

In a moment that seemed like nothing, it was one of the key moments for me in bringing my ego into check. 

First of all, I have no idea why I would ever even say that to someone.  I wasn’t raised that way, and I sure didn’t want someone to do that to me.  Secondly, his point was so clear and so concise and it had so much conviction.  I think of it now, almost daily.

In my life, in its many reincarnations, I have, without exaggeration, made millions and millions of dollars for myself and probably hundreds of millions for others. I have traveled everywhere I want to travel, been part of the most insane parties and experiences, and created and blown up more relationships than I even care to talk about. But in the end, financially, and in life, I made my own deal. No matter how it ends, it was my choice.

I think about this now as I watch these baseball players complain publicly online and in the media about money.  Part of it infuriates me because, for a sports investor like me, I look at their delay and possible cancelation of the season as a potential loss of hundreds of thousands of dollars into my pocket.  Baseball is one of my strongest markets, after all.

But I hold back my emotions because I get it.  Every man makes his own deal, and it is not up to us to judge that man for doing so.  Even if that man makes 7 million dollars to throw a ball. =)

But I am not worried. The one thing I also know is that greed is the motivator of all man, which means a deal will get done, and I think it will get done soon.  It will simply come down to this: Do the players want to make money this year or not? Because I can’t see the owners going forward with a plan that does not include a significant pay reduction of some kind.  

Forbes wrote an excellent article talking about the losses each team could incur without fans in the audience, saying that the teams believe that the proposed method of saving the season would result in a $4 billion loss for MLB if no agreement is reached with the players.

I attached the chart below and have the link to the original article here. The Yankees alone would lose $312 million dollars just this year.

Money is a motivator.  The team owners signed a deal to start the league back up in a few weeks, and now the ball is in the players’ courts.  They just need to make their own deal.  

Stay tuned, because I am working in the ScoreMetrics Lab with the team and developing some new systems that will dominate the new season. Keep opening these newsletters and checking back, you don’t want to miss the information.

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