Tuesday, March 27, 2012

Responsible Agents

I don't know the details of Rodman's financial life, or anything about how these things work generally, but if I were a professional sports agent with a sense of responsibility for young (they're all young at some point) athletes about to get temporarily rich, I'd have a chunk of their salary paid as an annuity they start drawing on at age 40 or so. If I ran the sports leagues I'd make such things standard.