“The Jock Exchange” (p. 156). Contributing editor Michael Lewis reports that Wall Street is about to launch a new way to trade professional athletes the way you trade stocks. On the proposed A.S.A. Sports Exchange, an athlete would sell 20 percent of all future on-field or on-court earnings to a trust, which would in turn sell securities to the public. “As a number of smart people seem to have noticed at once, professional athletes have all the traits of successful publicly traded stocks, beginning with enormous speculative interest in them,” Lewis writes. “Americans wager somewhere between $200 billion and $400 billion a year on sports, and between 15 million and 25 million of them play in fantasy leagues—which is to say that a shadow stock market in athletes already exists.” Lewis reports that in the past three years, at least a dozen baseball teams have hired the type of young statisticians you’d more commonly find working in risk arbitrage at Bear Stearns. “The fans have always had an emotional investment without a [legal] financial one,” says a leading sports agent. “This is taking emotion and putting it to financial use. Screw this putting 300 bucks into a pot at work. This is ‘everyone get online and open your account at Ameritrade.’ ”
Position Title: Intern
Company: Comcast SportsNet Philadelphia
# of hours / week: 10 – 20 hours
Deadline: November 20
This position will work closely with the Vice President of Sales in generating revenue through commercial advertisements and sponsorship sales. The intern will gain first-hand sales experience through working with Sales Assistants and AEs on pitches, sales-calls and recapping material.
Duties and Responsibilities
• Assist Account Executive on preparation of Sales Presentations
• Cultivate new account leads for local sales
• Track sponsorships in specified programs
• Assist as point of contact with sponsors on game night set up and pre-game hospitality elements.
• Assist with collection of all proof of performance materials.
• Perform Competitive Network Analysis
• Update Customer database
• Other various projects as assigned
1. Good oral and written communication skills.
2. Knowledge of sports.
3. Ability to work non-traditional hours, weekends & holidays
4. Ability to work in a fast-paced, high-pressure environment
5. Must be 19 years of age or older
6. Must be a student in pursuit of an Associate, Bachelor, Master or Juris Doctor degree
7. Must have unrestricted authorization to work in the US
8. Must have sophomore standing or above
9. Must have a 3.0 GPA
Interested students should apply here and specify they're interested in the ad/sales internship.
Pete Mackanin continues to play musical chairs with his logjam of infielders.
Tonight, Cesar Hernandez returns to the Phillies' lineup playing second and leading off. He sat against lefty Clayton Kershaw and will face righty Yu Darvish tonight. Hernandez has fared better against right-handers (.293) than southpaws (.279). He leads the team with a .359 OBP this season.
Maikel Franco will take a seat tonight. Franco has been much better over his last 10 games. In that span, Franco is 15 for 35 (.371) with two homers and seven RBIs. His average for the season is still just at .232.
J.P. Crawford will take over at the hot corner and bat seventh. Crawford has been sort of up and down since his call up, but his patented control of the strike zone has certainly translated at the big league level. The rookie is hitting a modest .256 so far but has an OBP of .340.
Here is the rest of tonight's lineup:
1. Cesar Hernandez, 2B
2. Freddy Galvis, SS
3. Odubel Herrera, CF
4. Rhys Hoskins, 1B
5. Nick Williams, RF
6. Aaron Altherr, LF
7. J.P. Crawford, 3B
8. Jorge Alfaro, C
9. Aaron Nola, P
And here's how the Dodgers will line up against Nola:
1. Chris Taylor, CF
2. Corey Seager, SS
3. Justin Turner, 3B
4. Cody Bellinger, 1B
5. Curtis Granderson, RF
6. Chase Utley, 2B
7. Yasmani Grandal, C
8. Andre Ethier, LF
9. Yu Darvish, P