Source: BroBible
Summary
Fernando Tatis Jr. owes investment firm Big League Advance (BLA) Fund almost $4 million after a judge ruled against him. Tatis had stopped making payments to BLA in 2024, claiming the contract he had with the firm was predatory. The contract, signed when Tatis was 18, paid him $2 million in exchange for 10% of his future MLB earnings.
Our Reading
The contract gets a new name: “predatory lender.”
Fernando Tatis Jr. signed a futures earnings contract at 18.
He stopped making payments in 2024.
The judge ruled against him due to a legal snafu.
Now, BLA stands to make $34 million from Tatis’s 14-year, $340 million deal with the Padres.
Investing in futures: where “opportunity” meets “predatory lender.”
Author: Evan Null
