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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