Dak Prescott had a large bird in his hand. He’s got an even bigger one now. With a reported four-year, $160 million contract from the Cowboys, Prescott will make $40 million per year. There are two ways to evaluate NFL contracts. One way, which applies when a player signs a new deal with time left [more]
The number of special purpose acquisition companies, or SPACs, searching for targets continues to rise. Celebrities and athletes continue to be attached to many of the SPACs going public. On Monday, a new SPAC was announced with a full panel of athletes joining the market. The SPAC: Disruptive Acquisition Corp I (NASDAQ:DISAU) is offering 25 million units to raise $250 million. The units will include one third of a warrant. Units will trade as "DISAU" on the Nasdaq and common shares will trade as DISA in 52 days from the filing. Alexander J. Davis is the CEO of the SPAC. He's the founder and CEO of Disruptive, a merchant bank that makes investments in late-stage private technology companies. Disruptive invested in Spotify Technology (NYSE: SPOT), Pinterest Inc (NYSE: PINS), Palantir Technologies (NYSE: PLTR) and Hims & Hers Inc (NYSE: HIMS) before they went public. Former professional tennis players Mardy Fish and James Blake are members of the SPAC. Fish is the VP of Business Development. Fish retired in 2015 with 14 career ATP titles. Blake retired in 2013 and was the number one tennis player in America and number four in the world at the peak of his career. Along with athletes, Karen Finerman is a Director nominee for Disruptive Acquisition Corp. Finerman is a well-known name in the finance world as a panelist on "Fast Money" since the CNBC show’s debut in 2007. Related Link: 6 Sports SPACs To Consider For Your Investing Playbook Athlete Advisory Council: The SPAC includes an Athlete Advisory Council made up of five members who meet monthly. The goal of the council is to be able to provide significant customer engagement and outreach with their fan bases and social media accounts. The members of the Athlete Advisory Council will have a vested interest in the SPAC. The Athlete Advisory Council includes the following five members right now: Justin Verlander: MLB pitcher for the Houston Astros, 2017 World Series champion, two-time Cy Young winner Canelo Alvarez: World’s best active pound for pound boxer in many rankings, 54 wins in 57 fights Patrick Mahomes: Quarterback for the Kansas City Chiefs, Super Bowl LIV MVP, 2018 NFL MVP Naomi Osaka: has won four Grand Slams and has been ranked number one worldwide in women’s tennis Robert Lewandowski: soccer player from Poland, has won six league titles and a Champion’s League with Bayern Munich, a German soccer club The members of the council could become brand ambassadors for a target company, according to the filing. Target Market: The SPAC full of sports stars is targeting the health and wellness, entertainment, consumer facing technology sector and sports and entertainment sectors. The SPAC is searching for a late-stage business with meaningful revenue growth and profitability or a plan to hit profits in the near term. See more from BenzingaClick here for options trades from BenzingaWhy The DraftKings CEO Expects More States To Legalize Sports BettingPayPal's Crypto Segment Gets A Boost, Announces Acquisition of Curv© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
While the Chiefs seem to be interested in the prospects in the draft at tight end with players like Brevin Jordan or Tommy Tremble, free agency will also offer a few interesting names the Chiefs could look at. For Day 2 of The Seven Days of Free Agency series, let us look at some of these tight ends that are hitting free agency along with their 2020 production.