Andrew Heaney: The Investor

Updated: March 27, 2017

About a year and a half ago, southpaw Andrew Heaney made a big life decision. He and a company called Fantex agreed that 10% of his career salary would eventually go back to them in exchange for $3.34 million right off the bat.

The left-hander was initially unsure of whether this company was legit or not. The huge decision soon became a piece of cake for the young man once he thought deliberately about the direction he wanted for his life. It is good that some degree of thought was put into it for the reason that Huston Street originally coined the tradeoff as unintelligent. However, in a piece written by Pedro Moura, Andrew explained the following to Street in order to give the relief pitcher better understanding.

“‘To me, there’s multiple ways of looking at it,’ Heaney said. ‘You can look it at as marketing your brand. You can look at it as an insurance policy. Obviously, money to one person is totally different than money to another person. I live in Oklahoma. It’s not expensive to live there. I don’t live an extremely lavish lifestyle. I just viewed it as, I want to be comfortable, and I want my family to be taken care of, and I’m OK with that.’”

Andrew executed some arithmetic as the choice was made, too. It was not some flippant, random decision done for the heck of it. He approximated that 8% to 9% in compounded interest could slowly accrue and double that initial $3.34 million figure he was given by the investors. Thus, the potential to make more is there. If not, he said he is thankful that he got what he got to help him and his family.

This type of outlook is critical because many other players nowadays carry the philosophy of being bolder when money is tinkered with. Many generally like to use their resources to acquire the next Ferrari on the market or a gold-plated, iced out mansion. Heaney’s mind is built differently, though, and Street commends his teammate for his habits.

“‘At first, I see a young kid, left-handed, throws gas, and I’m thinking big numbers,’ Street said. ‘But what I respected from his perspective was a very sure sense of what he wanted, not just in baseball but in life in general. You can’t dispute that. Some people need $2,000 a month to survive, some people need $2,000 a day to survive. Those are just the numbers of life. The idea is to figure out what your number is and be satisfied with that. And I really respected him for that.’”

Street later admitted that he was in the wrong for his haphazard reaction to Heaney’s investment. Even though his own strategies may not coincide with the southpaw’s, it does not mean they are entirely implausible. Street went on to say more about it when asked. He admires that Andrew knows at a relatively young age where he wants to be comfort wise in life even if risk is technically involved in the mix.

“‘At the end of the day, Heaney solved for three things, which I really respect,’ Street said. ‘He solved for what he wanted most out of life, he understood that fulcrum where the money swings the other way, and he was OK with that risk.’”

You must be logged in to post a comment Login