“Sports GMs are really like stock traders. They get profits by identifying the players that will bring the biggest returns on the field.” – Mike Kerns, CEO of PROTRADE. PROTRADE was founded in 2004 in an effort to allow its users to trade professional athletes like stocks. With a ticker always running on the bottom of its website, PROTRADE has truly attempted to create a stock market for sports.

Mike Kearns (CEO of PROTRADE) used to work as a Sports Agent and was the chief of staff for Steinberg & Moorad (as in Leigh Steinberg and Jeff Moorad). After reading Moneyball, he realized that GMs are like stocktraders…buying low and selling high. The management team and directors/board of advisors look very strong. The connections made as a Sports Agent may help create successful ventures after leaving the profession.

[tags]pro trade, mike kearns, moorad, steinberg, sports agents[/tags]