Markets in Everything – Relief Pitcher Earnings

Randy Newsom, relief pitcher for the Cleveland Indians, is selling 4% of his future major league salary.  There are 2,500 shares in the IPO so each share gets you a claim to 0.0016% of his future salary including bonuses.  Shares sell for $20 each.

Hat tip to Mike Makowsky.   Mike, a rookie GMU PhD on the job market, is also entertaining offers for a share of his future salary.  Mike is feeling rather risk-averse so as an insider, I recommend you buy now.  Mike has a great career ahead of him and this opportunity won’t last long!


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