Latin Baseball Futures

I have a bad feeling about this:

Investors from the United States believe they have found an exotic new prospect: Latin American baseball players, some as young as 13 and many from impoverished families.

Recognizing that major league teams are offering multimillion-dollar contracts to some teenage prospects, the investors are either financing upstart Dominican trainers, known as buscones, or building their own academies. In exchange, the investors are guaranteed significant returns — sometimes as much as 50 percent of their players’ bonuses — when they sign with major league teams. Agents in the United States typically receive 5 percent.

(….)

“Buscones in the Dominican Republic are in the business of selling children,” he said. “And it’s very disturbing that American investors would come in to profit from a system that exploits and discriminates against young children.” An hour and a half by car from Santo Domingo, at the end of a dirt road in the town of Don Gregorio, a piece of the Dominican baseball system can be found in a small house surrounded by concrete walls and metal fences topped with shiny barbed wire. The entrances are locked.

Inside is a pensión, a dormitory for about a dozen prospects as young as 14. They are trained by California Sports Management of Sacramento, a firm run by the agent Greg J. Maroni and financed by his father, Greg G. Maroni, a dentist who owns several fast-food franchises.

Along with using the academy to produce teenage Dominican players they can represent, the younger Mr. Maroni represents Neftali Feliz, the Texas Rangers’ closer.

The dormitory, which was built in 2007, contains one large bedroom with bunk beds and a small bathroom with two showers. The barbed wire was installed a few months ago, after a player hopped the fence to look for girls in town, said Carlos Paulino, a Dominican trainer who runs the dormitory for California Sports Management.

Although one coach supervises the dormitory at night, two other prospects had gone over the fence earlier this year, Mr. Paulino said in September. “It’s to make sure they don’t get out,” he said.

I’m curious what a bailout of baseball futures would look like.

Posted by on November 18th, 2010 at 8:32 am


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