Stock offering makes 49ers star think like CEO
SAN FRANCISCO - Now that he has a stock tied to his football career, San Francisco 49ers tight end Vernon Davis is thinking more like a CEO looking out for his shareholders' interests, as well as himself.
That's among the reasons why Davis wants the 49ers to pay him more money even though he still has two years still left on his current contract. The deal calls for him to make about $10 million through 2015 season.
Davis tells The Associated Press that it's the "right time" for a contract extension.
A longer contract would be a boon for investors who bought a stake in Davis' football career through an unusual tracking stock from Fantex Inc.
The San Francisco company paid Davis $4 million in return for 10 per cent of his future earnings.