The Difference Between “Personal Value” vs “Market Value” | Travis Chick, Will McGuffey | MLB Draft Podcast #16

“What is your number?” is one of the most frequently asked questions to a player as the MLB draft approaches every summer. MLB teams want to know it, your agent wants to know it, the coaches at the college you are attending or committed to want to know it, but what is it and how do you calculate it?

With everyone asking what this number is, how should you and your family calculate this number and who is qualified to help you understand the true value of the opportunity that you are foregoing to begin your professional career?

In this episode, Travis and Will look at how to analyze the opportunities you have and give insight into the questions that should be asked. While your agent/baseball advisor should be uniquely qualified to help you determine your market value, you need to ask if they are also qualified to calculate your human capital and the opportunity cost involved with deciding between professional baseball and college baseball. 

Episode Highlights

1:20: What factors go into determining a player’s market value?3:20: How a schedule can impact your market value.5:00: How you can maximize your exposure during the draft year.7:45: Looking at how your personal value and market value line up against each other and if you are “signable.”12:15: Information flow from MLB teams and when your market takes shape and defines itself.13:30: Beginning to understand a personal value calculation and the variables and numbers that should be included.17:20: Adding value: Finding a CFP who works with athletes like you to help you define and calculate your personal value.20:00: Advance preparation helping remove emotion and mistakes in the MLB Draft.21:35:  Continued development and investing in yourself and how this can pay dividends in your professional baseball career.28:50:  Why parents should be as involved as they can be in helping their child determine their personal value.