Sure Sports recently helped an MLB player do something that changed his financial trajectory. He had signed an income purchase agreement early in his career and wanted out. Sure Sports approved a $12M contract advance, structured a customized repayment plan, and funded a $10.5M unsecured loan in less than two weeks. The result was over $3M in savings and complete ownership of his future earnings. Below is a case study of the full story. If a similar situation comes to mind, we would welcome the conversation.
The Situation
| Early in his MLB career, this player did what many young athletes do. He traded a piece of his future earnings for cash in hand. It seemed reasonable at the time. He was new to professional money, the offer was immediate, and the long-term math wasn’t yet clear. |
| Years later, with a deeper understanding of his finances, he ran the numbers. The income purchase agreement he’d signed was quietly costing him far more than he realized, and every season it went unresolved, the cost compounded. |
| His agent reached out to Sure Sports with a direct ask: Can we buy this out and get our client back in control of his own income? |
The Solution
| Sure Sports evaluated the player’s MLB contract and moved quickly. Within days, he had an approved a $12M contract advance, providing a foundation large enough to negotiate from a position of strength. |
| Working through Sure Sports extensive banking network, a custom repayment structure provided the player with breathing room: the ability to rebuild reserves first, then aggressively pay down the loan on his terms. |
| Once buyout negotiations concluded, Sure Sports was given a hard deadline. With less than two weeks to close and fund a $10.5M unsecured contract loan, Sure Sportsdelivered the freedom this player, his agent, & attorney desired. |
The result
| $3.0M+ Minimum savings over the life of the deal | <14 Days from approval to fully funded | $0 Prepayment penalty — pay it off anytime |
Savings that compound By eliminating the income purchase agreement, the player locked in a minimum of $3M in savings after all fees and legal expenses, with the potential for significantly more as his earnings grow.
Cash flow built for investing A customized repayment schedule freed up income he can now redirect into investments, building wealth instead of servicing someone else’s equity stake.
Full ownership of his income No more percentage owed to a third party by converting to debt. With no prepayment penalty, he can pay off the loan early whenever it makes sense, on his schedule and no one else’s.
Ready to structure a deal for your client? Let’s connect.
Whether it’s an equity buyout, a new passion project, bridge financing, or a contract-backed advance, Sure Sports structures solutions around your client’s contract. Fast approvals, flexible terms, no prepayment penalties.
