The San Diego Padres sign Fernando Tatis Jr. to a 14-year, $340M contract

[Ray]

Figured this could use it's own thread.

 

 

Jesus christ that's a lot of money.

[jerb]

 

Mark Feinsand

@Feinsand

 

Fernando Tatis Jr.'s 14-year contract begins in 2021. He gets a full no-trade clause, a signing bonus north of $10 million and there's no money deferred in the deal, per source. Tatis Jr. becomes the second MVP Sports client to land a $300M+ deal, joining teammate Manny Machado.

[Ray]

Tatis was due for arbitration next season and he probably would've broken Bellinger's record of $11.5M at his current pace. So maybe it's not that bad if you actually break down the numbers?

 

2021: pre-arb

2022: arb1: ~$12.5M

2023: arb2: ~$18M

2024: arb3: ~$25M

-----------

 

He'd be getting paid handsomely in arbitration and become a free agent heading into his age 25 season. So you can rationalize this by saying they bought out 10 free agent years of his at around ~$285M, when in reality he probably would've made way more than that easily had he hit free agency.

 

But a lot can happen between now and then. I recall people throwing absurd numbers for Kris Bryants free agency too.

Edited February 18, 2021 by Ray

[Slade]

That seems kind of light for a 14 year deal. If he kept up his performance he would of been a FA at 25 and gotten even more money for less term.

 

But I guess nothing is a guarantee and you take the big money up front?

[TBJ12]

Seems a bit heavy for a guy who’s played under 150 games. This just feels unnecessary this early.

[THANOS]

Hmmmm we should try and extend Bo this spring. I'd wait on Vlad though.

 

Bo hasn't had a full season yet, so no basis to demand crazy numbers. I wonder if an extension a bit more expensive than Acuna could do it?

 

Acuna 8/100M

Bichette 10/160M

 

Would that do it?

[Stangstag]

That seems kind of light for a 14 year deal. If he kept up his performance he would of been a FA at 25 and gotten even more money for less term.

 

But I guess nothing is a guarantee and you take the big money up front?

 

Its a pretty fair deal for both sides i’d say. Very good chance he has a major injury at some point before free agency and who knows if he can actually sustain his current numbers, he has like 150 games total so far or something?

 

If he ends up being a consistent superstar (low chance?) then he only sacrificed maybe 50-100mil. By signing this contract he sets up the next 5 or so generations of his family for life. Worth it.

[Brownie19]

1 year behind Rick Dipeitro for the longest contract in sports.

[connorp]

Its a pretty fair deal for both sides i’d say. Very good chance he has a major injury at some point before free agency and who knows if he can actually sustain his current numbers, he has like 150 games total so far or something?

 

If he ends up being a consistent superstar (low chance?) then he only sacrificed maybe 50-100mil. By signing this contract he sets up the next 5 or so generations of his family for life. Worth it.

 

Your lead says fair deal for both sides and then the context basically implies something else (not really a good deal for Padres but great for FT)

[connorp]

That seems kind of light for a 14 year deal. If he kept up his performance he would of been a FA at 25 and gotten even more money for less term.

 

But I guess nothing is a guarantee and you take the big money up front?

 

Yeah he’d get 10/340 in 4 years time all day and then some if he keeps it up. SD has obviously seen enough in games and in practice to consider him a generational talent

Edited February 18, 2021 by connorp

[glory]

That seems kind of light for a 14 year deal. If he kept up his performance he would of been a FA at 25 and gotten even more money for less term.

 

But I guess nothing is a guarantee and you take the big money up front?

 

Yeah I think he could have waited four years and gotten a bigger deal than $340m after 2024, while getting around ~$60-65 mil in arb before that. Something like 4/65 in 2021-24 (one more pre arb year + 3 arb years) and then free agency starting at age 26. Of course, four years is a long ass time, and if someone is handing you $340m guaranteed at age 22, it would be damn hard to say no. Either way, he's going to end up making close to $400 mil in his playing career by the time he's done, plus he's one of the few baseball players I'm actually seeing in commercials, so that endorsement money is probably decent. Life is good for Tatis Jr.

 

Curious to see what happens with Soto. The Nats are known to pay big money to free agents so I'm sure they'd give him a huge contract to stay a Nat forever.

[Orgfiller]

Hmmmm we should try and extend Bo this spring. I'd wait on Vlad though.

 

Bo hasn't had a full season yet, so no basis to demand crazy numbers. I wonder if an extension a bit more expensive than Acuna could do it?

 

Acuna 8/100M

Bichette 10/160M

 

Would that do it?

 

Bo didn't grow up poor. He's not signing a team friendly extension.

[keggy]

It's hard to contextualize this deal because it's unprecedented but it seems reasonable at first glance. The Padres will soak up huge surplus on the front end, and s***** bench players will be making that AAV by the back end.

 

It's obviously a risk at that length, but it's the kind of calculated risk that could set the stage for a dynasty under the right conditions.

[burlingtonbandit]

Bo didn't grow up poor. He's not signing a team friendly extension.

 

Exactly. This is a guy who said he wouldn't shave his head for a million dollars.

[Grant77]

Bo didn't grow up poor. He's not signing a team friendly extension.

 

Tatis also grew up in a wealthy family, so you never know.

[connorp]

Tatis also grew up in a wealthy family, so you never know.

 

He didn’t sign team friendly extension though

[Grant77]

He didn’t sign team friendly extension though

 

Perhaps not. Only time will tell.

[Orgfiller]

Tatis also grew up in a wealthy family, so you never know.

 

What? Are you saying the Tatis and Acuña deals are in any way comparable?

[Slade]

Alpha Anthopolous would have signed him for $80M.

 

Acuna Jr's agent should be ashamed of himself, he didn't even get his client an opt out in that 8 year deal.

[Grant77]

What? Are you saying the Tatis and Acuña deals are in any way comparable?

 

I didn't mention Acuna at all. I was saying that Bichette could still sign an extension even though he comes from wealth, as evidenced by this Tatis deal. Maybe he would value the stability in terms of staying with one team. I don't think you should write it off as a possibility.

[Angrioter]

Tatis also grew up in a wealthy family, so you never know.

 

I do not think so. Thanks to gambling and other corruptions things, his family did not do well financially. Remember that he took $ 300,000 from a lender for 10% of the money from his entire career. Now he should pay 34 millions to a lender

[BTS]

I do not think so. Thanks to gambling and other corruptions things, his family did not do well financially. Remember that he took $ 300,000 from a lender for 10% of the money from his entire career. Now he should pay 34 millions to a lender

 

Wow, that's nuts

[Brownie19]

I do not think so. Thanks to gambling and other corruptions things, his family did not do well financially. Remember that he took $ 300,000 from a lender for 10% of the money from his entire career. Now he should pay 34 millions to a lender

 

That's insane. What was the $300K for?

[glory]

[AdamGreenwood]

I think Tatis doesn't take his playing career for granted.

His father left baseball early due to anxiety issues, so perhaps having a 14-year-deal helps to ease some of that risk.

[Brownie19]

I think Tatis doesn't take his playing career for granted.

His father left baseball early due to anxiety issues, so perhaps having a 14-year-deal helps to ease some of that risk.

 

Interesting fact - I never knew that (or if I did, I've forgotten).

[King]

That's insane. What was the $300K for?

 

It's a company called Big League Advance. There are lots of articles on it, and lawsuits. It's even stupider when you consider he signed with the White Sox for $700k, which should reasonably be enough to live comfortably as a minor leaguer until he made it to the majors.

[Brownie19]

It's a company called Big League Advance. There are lots of articles on it, and lawsuits. It's even stupider when you consider he signed with the White Sox for $700k, which should reasonably be enough to live comfortably as a minor leaguer until he made it to the majors.

 

Yeah I just read a couple articles on it. Apparently he has over 120 player under contract. Pretty crazy business.

[King]

I read on twitter that after taxes, Tatis will only net $169 mil. Add in a 10% payout to Big League Advance and another $17 mil to his agency, this contract takes a hit for him pretty fast.

 

I think he will make millions in sponsorship deals though, so he should be OK, as long as his dad doesn't take advantage of him and gamble it all away.

[Angrioter]

Yeah I just read a couple articles on it. Apparently he has over 120 player under contract. Pretty crazy business.

 

It is a risky bet by the lender. Of all the Dominican prospects they signed to whom they loaned money, only Tatis Jr and Francisco Mejía could see big money.

 

Tatis was about 17 years old, his chances of signing mlb for big bucks were as great as the Orioles' chance of going to the playoffs in 2021.