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MLB Draft Combine: Third-Party Ownership Raises Eyebrows

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MLB Draft Combine: Third-Party Ownership Raises Eyebrows

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23ABC News

7 Views • Jun 22, 2023

Description

The Major League Baseball draft combine is underway in Phoenix this week as players from around the country show their best stuff in hopes of being drafted to the major leagues. Some of those players already have signed contracts- not with teams, but with companies who have invested in their potential. The practice is known as third-party ownership, where a player will get cash payments in exchange for a percentage of their future earnings.