About 10% of all minor league baseball players who sign contracts yearly will play at least one game in the major leagues. Chasing MLB Dreams aims to follow players’ aspirations as they go through the minor leagues, from rookie and instructional ball to the top tiers.
The likelihood of ever receiving a multimillion-dollar major league contract is incredibly tiny considering that only around 10% of the more than 7,000 baseball players that compete in minor leagues make it to the majors and even fewer reach free agency.
Big League Advance, a corporation compensates minor league players in advance for an interest in future Major League Baseball contracts, is willing to take a risk since successful investors frequently have to.
Former major league pitcher and creator of Big League Advance Michael Schwimer predict a player’s future worth and success using predictive models.
He recently told Yahoo Finance that while there is a “huge risk” and the bulk of his investments will lose money, only a small portion of his players are required to achieve long-term success in the majors.
The money granted to players is an investment, not a loan, so they don’t have to worry about paying it back if they don’t make it to the main leagues. Big League Advance will then receive a portion of the major league contract for the athletes who do succeed.