Eighteen months ago, Angels left-hander Andrew Heaney agreed to commit 10% of his future earnings to investors in exchange for $3.34 million up front. It was an unprecedented transaction for a major league player.
At first, he was skeptical of the company, Fantex, suggested to him by his agent. But over time he came to see it as an easy decision considering his priorities, he said Saturday at Tempe Diablo Stadium, in his first public comments on the transaction. U.S. Securities and Exchange Commission regulations prohibited him from speaking on the matter until the units of his stock closed.