Cleveland Indians catcher Francisco Mejia, one of baseball’s top prospects, is suing a company that he claims used “unconscionable” tactics to get him to surrender a substantial stake of his future big-league earnings in exchange for an up-front payment in 2016.
Mejia’s suit, filed in U.S. District Court in Delaware on Feb. 21, recounts how Big League Advance, a company run by former Philadelphia Phillies pitcher Michael Schwimer, loaned him $360,000 in exchange for a 10 percent stake in his future earnings.
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Paul DePodesta, chief strategy officer for the NFL’s Cleveland Browns and former big-league executive with the Los Angeles Dodgers, Oakland Athletics and several other clubs, is listed as a board member and partner in the company.
Source: Jerry Crasnick, ESPN.com