NFL • At least a few investors are rooting for San Francisco 49ers tight end Vernon Davis to have a lucrative career. A stock tied to Davis’ earning potential gained $1, hitting the $11 mark in its trading debut Monday. Only 352 of the 421,100 shares that sold in the initial public offering by San Francisco startup Fantex Inc. had traded as of late Monday afternoon.
The stock’s 10 percent gain represents a vote of confidence in Davis, an eight-year veteran.
This marks the first time a stock has been linked to the performance of a professional athlete. Fantex is paying $4 million to Davis in exchange for 10 percent of his income from football and endorsements. The payment came from the IPO proceeds. Davis, 30, will need to sign a big contract after his current deal with the 49ers expires in 2015 for his Fantex deal to pay off for investors.
• The Seattle Seahawks have hired former Miami Dolphins general manager Jeff Ireland as a consultant for the team through next month’s draft.
• Safety Earl Thomas and the Seahawks have reached agreement on a $40 million, four-year contract extension.
• Former Cleveland Browns quarterback Bernie Kosar pleaded no contest to a lesser charge after blaming knee and ankle surgeries for not performing a field sobriety test during a traffic stop last year. Kosar had been charged with DUI in September, but on Monday he entered a plea to reckless operation and received a fine and suspended jail sentence.
Former Missouri player takes reins
college basketball • Missouri chose a familiar face as its new coach Monday. Kim Anderson is a former star player and longtime aide to former Missouri coach Norm Stewart. The 58-year-old Anderson won a Division II championship at Central Missouri this season and replaces Frank Haith, who left for Tulsa earlier this month.
From wire reports
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