Stock offering makes 49er star think like CEO

AP News
Posted: Jun 04, 2014 6:11 PM

SAN FRANCISCO (AP) — Now that he has a stock tied to his football career, San Francisco 49er 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 percent of his future earnings.