@clay_fink I’d be more shocked if they got him to commit and enroll.
Letting elite talent leave is this staff loves to do. Plenty of examples go back and look at Gabe Harris’s recruitment, Raylen Wilson etc etc.
Announcing Valar Atomics' $1B series B led by Sequoia, with Valor Equity Partners, Atreides, Point72, Conviction, and others.
Alongside the $1B equity, we have closed a $200m credit facility led by Erebor and JPM.
I'm excited to welcome Shaun Maguire from Sequoia to our board.
@ClawForThatInch The part to me that’s baffling is how “cap is the cap” Alford refuses to adapt. He still thinks there is a salary cap.
One of your biggest rivals is spending $40m+ this year but there’s a cap. It’s serious dereliction of duty at this point.
I just don't know how you take Alex Anthopoulos as a serious GM anymore. Starting pitchers were moved left and right, and you couldn't get one, despite constantly talking about it being the biggest need.
22 games over .500, great/talented team in the middle of the core, actually decent prospect depth to deal from, and nothing. Braves BY FAR the biggest losers at the trade deadline. A total failure from the GM
This is one of the most beloved paintings in America, and it puts its finger on something we all pass through, first as the child, and one day as the parent left behind...
The painting is Breaking Home Ties, by Norman Rockwell, on the cover of the Saturday Evening Post in 1954. A father and his teenage son sit side by side on the running board of a battered farm truck, waiting at a railway stop. A single track runs along the bottom of the picture. A ticket pokes from the boy's pocket. His suitcase is stacked with schoolbooks and wears a "State U" pennant. The train is coming to carry him off to college, away from home, for the first time in his life.
Everything is in the way they sit.
The son sits upright, scrubbed and dressed in his best, eyes fixed on the horizon, on the track, on the future rushing toward him. He is already half gone. For him that train is the beginning of everything.
His father sits beside him in worn work clothes and scuffed boots, looking the other way, down the line, as if he cannot bear to watch it arrive. The same train means the opposite thing to him. For the son it is the start of a life. For the father it is the day the house grows quieter, the chair at the table sits empty, and the person he built his world around walks out into a life that no longer has him at its centre.
Look at his hands. He is holding two hats. His own battered one, and resting on top of it, his son's crisp new one, held carefully together, because it is the last small thing he can still do for the boy...
And then the dog, its head laid in the son's lap, gazing up, refusing to look away. Rockwell knew exactly what that was for: "The father couldn't show how he felt about the boy's leaving," he said. "The dog did."
It has moved people for 70 years because every leaving is a beginning for one person and an ending for another. The child steps out into the world, as they should. And someone stays behind, watching them go, and loving them enough to let them go anyway...
Un estudiante insinuó que Milton Friedman no podía opinar sobre la pobreza porque nunca fue pobre.
El Nobel lo destrozó con dos preguntas:
«—¿Que si yo he estado ahí? Lo he estado, señor. Más que la mayoría de los presentes en esta sala.
¿Cuántos de vosotros habéis trabajado jornadas de 12 horas por 78 centavos?
Pero además, todo eso es irrelevante: ¿alguno de vosotros va a decir que no quiere que un médico le trate el c4nc3r… a menos que el médico haya tenido c4nc3r?»
Y sobre la pobreza, su respuesta completa:
«El gobierno no tiene ninguna responsabilidad. Las PERSONAS tienen responsabilidad. Este edificio no tiene responsabilidad. Tú y yo la tenemos.
La pregunta es: ¿cómo ejercemos nuestra responsabilidad hacia el prójimo de la forma más eficaz?
Jamás en la historia ha existido una máquina más eficaz para eliminar la pobreza que la libre empresa y el libre mercado.»
The MLB trade deadline is Monday, 6 p.m. ET. For four days, front offices will move players like assets on a balance sheet — because that's what they are.
And what drives the market isn't talent. It's the contract.
A rental — even a star months from free agency — fetches a fraction of what a young player on a cheap, guaranteed, multi-year deal commands. The biggest returns go for control: years of a locked-in contract. Teams give up more for four controllable seasons of a good player than three months of an elite one.
A contract is an asset with its own value, separate from any one season. It's what actually changes hands.
Front offices trade on it. We lend on it. Same asset, different side of the table.
#MLB #TradeDeadline #AthleteFinance
NFL camps opened this week, and the extensions rolled in — Jalen Carter (Eagles), Brian O'Neill (Vikings, $96M), Joe Tippmann (Jets, $62M).
Carter's is the teaching case. The Eagles made him the highest-paid DT ever: reported at 4 years, $152M, "up to $160M." Enormous.
The number that's actually his? $106M guaranteed.
NFL deals get reported at the "up to" figure — padded with future salaries that can be cut and incentives that may never hit. The guarantee is the only part certain the day it's signed. ~$54M of Carter's headline isn't guaranteed.
A guaranteed dollar is an asset. A non-guaranteed one is a hope with a roster spot attached.
The headline sells the deal. The guarantee is the deal. We only price the second one.
#NFL #AthleteFinance #Sportsbusiness #Contract
Sources: The #Patriots signed rookie OLB Gabe Jacas to a four-year, $8.6M contract.
Big news as New England traded up to draft Jacas, the former All-American out of Illinois, in the 2nd-round.
I had a 15-minute meeting with Steve Ballmer.
Well … not exactly.
I saw the former CEO of @microsoft, owner of the @laclippers and the 14th wealthiest person in the world, working out next to me at the gym.
Did we have a meeting scheduled? Not technically
Did I have a warm introduction? I did not.
I simply waited until he finished, walked over, introduced myself, and took my shot.
Worst case scenario? He tells me he’s busy and to go fly a kite.
Instead, he gave me 15 minutes.
We talked about my immigration to America, the business I’ve built with @OpulenceIG and the business I’m still trying to build. We talked about sports, entrepreneurship, and what it takes to keep growing.
As the conversation started flowing, I figured I had nothing to lose. So I shot another shot - the shot I wanted to shoot the whole time but I had to feel it out.
I shared my vision of working with the Clippers organization, helping insure the player contracts they commit hundreds of millions of dollars to through my insurance solutions.
Did I expect him to say “yes” right there? Of course not.
But that’s wasn’t the point.
The seed has been planted. 🪴
One thing I’ve learned in business is this:
Doors won’t open themselves. Sometimes you have to knock but most of the times … you have to break the door down.
You’ll hear “no” far less often than you think.
The opportunities that change your life usually start with one conversation.
#NBA #clippers #SteveBallmer #Growth #Shootyourshot
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
https://t.co/AUKzoQ5Ikb
You never see or hear from JB off the field, but I’ll tell you he’s the ultimate pro!! A true franchise centerpiece, that’s all about work and winning!! No distractions, no bs, just class and greatness!!
S/o to the Dolphins for taking care of that man!