More Sporting Notes

A bit of perspective, building on Chris Briem's post the other day:

If David Beckham cashes in on all of the endorsement deals that are swirling about his transfer to Major League Soccer, then a back-of-the-napkin present value calculation ($250m/5 years/5 or 6% discounting) shows that then he alone is worth about as much as a sporting enterprise as the entire Pittsburgh Penguins franchise was worth to Jim Balsillie.

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Pittsblog 2.0 is written by Mike Madison, a law professor at the University of Pittsburgh. Send email to michael.j.madison[at]gmail.com. Mike also blogs at Madisonian.net, on law and technology. Chris Briem of Null Space drops by from time to time.

All opinions expressed at Pittsblog 2.0 are those of their respective authors and of no one (and no thing) else, least of all the University of Pittsburgh.

Pittsblog 2.0 has a motto: "It's steel good in Pittsburgh." Say it aloud, with a Pittsburgh accent.

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