There is a chance that Correa has already gone the way of Buxton
isnt it also short-sighted to lockup 60 million per year for 6 years on 3 players who can’t play anymore?
part of the strategy must include attrition
further, and it pains me to say this, but with the way Bally sports is going, the revenue part of the business plan for the majority of MLB teams is going to change, possibly reduce significantly. There may be a shift in player salaries accordingly and having too many players already locked in, could prove detrimental to the purpose of a hedge contract.
A real life example
in 2001 gas sold at retail under $2. There was a gas station in the town I went to college that sold gas on futures. When gas prices were forecasted to increase, their sales boomed. The generations older than me remembered the Iran led OPEC oil embargo of the US in the ‘70s. Prices skyrocketed when the US was in conflict with the Middle East.
When it became known that the 9/11 highjackers were middle-eastern, many people hedged buying thousands of gallons still being offered at $2 price, at the Gas station offering gas on futures contracts.
They were right, prices doubled in less than a week we were seeing $4 and $5 gas.
What could be the problem? The gas station filed for bankruptcy when they went upside down on wholesale gas becoming more expensive than the retail price they sold it at.
the hedgers bought thousands of dollars of nothing