Because this is the first instance in which a highly drafted player failed to sign under the new rules, Appel is receiving a lot of attention. I find his case quite interesting. The top choice signed for $4.8 million (v. a slot of $7.2 million). Appel's slot was $2.8 million and was offered $3.8 million (the Pirates could not offer more than $3.9 million without losing a #1 draft choice next year).Â
Therefore, Appel is taking a very big financial risk. He is gambling that he will be a Top 3 (or so) draft choice next year. Otherwise, he won't receive enough compensation to have made his decision this year worthwhile. Remember, he will have no leverage next year and will probably have to accept whatever the slot amount is for the position in which he is drafted.
Intriguing... I would suggest that the financial piece of this equation is heavily weighted against Appel. However, the other side of the equation, non-financial piece, is weighted in his favor... returning to Stanford to obtain his degree...
Therefore, Appel is taking a very big financial risk. He is gambling that he will be a Top 3 (or so) draft choice next year. Otherwise, he won't receive enough compensation to have made his decision this year worthwhile. Remember, he will have no leverage next year and will probably have to accept whatever the slot amount is for the position in which he is drafted.
Intriguing... I would suggest that the financial piece of this equation is heavily weighted against Appel. However, the other side of the equation, non-financial piece, is weighted in his favor... returning to Stanford to obtain his degree...