Matt Kemp landed the massive 160 Miillion dollar deal with the almost bankrupt Dodgers last year. This year he covers Forbes and in the latest issue of Forbes, Kemp’s featured article breaks down the play-by-play of Matt’s success:
“…So marquee players, the kind that a team can use to market itself, suddenly find themselves in a better position than ever.
That’s how the Los Angeles Dodgers–a bankrupt baseball team–gives a young star player, Matt Kemp, an eight-year, $160 million contract, even when he isn’t a free agent.
Kemp is a terrific player—the 27-year-old outfielder led the National League in numerous offensive categories last season and finished second in Most Valuable Player balloting.
For the bankrupt Dodgers, headed for sale at auction, a long-term contract with Kemp represented an asset rather than a liability. The team’s enormous valuation is predicated on the ability of the new owner to quickly negotiate a deal worth more than $3.5 billion over 20 years with a regional sports network.”
Pick up this month’s FORBES at your local newstand, and read the rest of the featured article below:
Like this article? Follow us on @fauxsociety for the best news and updates.
