Why invest in rookie cards when you might be able to invest in the rookie himself?
Cleveland Indians’ minor league pitcher Randy Newsom gets the whole rookie card investment thing. Buy a first-year card of a player when he’s nobody and hope he turns into somebody.
Newsom has taken it one step further. He’s been selling shares of himself at $20 each. It’s all tied to his potential future big league earnings, should he make it.
Sounds like fun, but he missed a couple of legal steps along the way, so the plan is on hold as Newsom, lawyers and Major League Baseball look over the whole concept.