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

[Angrioter]

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.

 

Debts and bets for the elders members of the family

[Laika]

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.

 

I think Tatis and Mejia are their only successful publicized players.

 

They are basically just running models and projecting WAR. They might have other players in the big leagues right now, bound by confidentiality. The SI article on Big League Advance from 2018 mentions them signing up an A's pitcher with really good stats in A ball... I wonder who that was.

[Jimcanuck]

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

 

Detection proof PEDs?

[Krylian]

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.

 

I'm pretty sure there are some crafty things a good accountant can do. That $169M is probably the worst case scenario.

[connorp]

I'm pretty sure there are some crafty things a good accountant can do. That $169M is probably the worst case scenario.

 

Yeah that’s what I’d think. I understand you can’t form an llc to accept the cash and I understand they closed loopholes (certain write offs and state tax things) for elite athletes but there’s gotta be something the crafty accountant can do to protect that cash. Not sure if there’s CPA here to enlighten us

[Brownie19]

Yeah that’s what I’d think. I understand you can’t form an llc to accept the cash and I understand they closed loopholes (certain write offs and state tax things) for elite athletes but there’s gotta be something the crafty accountant can do to protect that cash. Not sure if there’s CPA here to enlighten us

 

I mean whatever will he do with just $169M?

[King]

I mean whatever will he do with just $169M?

Ask Evander Kane that!

[Krylian]

Ask Evander Kane that!

 

He'd blow it in one night. That guy is a f***ing disaster. No sympathy.