You would be very surprised. I have a lot of dealings, including seeing financials - for people in that 20–100-million-dollar wealth range... and by the time it gets to the grandchildren, it is often gone or very limited. It requires having financial competence for multiple generations and that doesn't happen as often as expected. I have zero sympathy for Santander getting less than he expected, he is in a position financially that none of us are - but musings were more of just an observation than anything else.
It is generational wealth, but I suppose if you want to live a professional athlete lifestyle, it isn't going to be. The money would also go a very long way if he moved back to Venezuela after his career ended, but I don't blame him at all if he doesn't want to take that risk given the political instability and kidnapping that happens way too often down there.
What I was told by baseball people is that the tax rate for the amount over is 20% for the first year and then 30% for a second year - but after that it is 50% going forward and that is prohibitive for the Astros, in addition to that there are supposedly surcharge taxes for being above a certain amount above the tax. As for the draft, their pick can be pushed back (like you said). So, the Astros want to dip under the tax either this year or next to get it to restart.
Agreed - but he is a professional athlete and is likely to live the lifestyle of a professional athlete. There are actually a fair number of baseball players that live fairly modestly when they are older (many of them are divorced by that point) but they still go through a lot of money.
Dodgers just signed Kirby Yates. what a joke this has become. Why should small market teams even try? Just take the compensatory money and run a budget team out there and profit. The incentive to compete against this is disappearing. The deferred contracts are a major issue. Manfred should resign He sucks
My pipe dream is that in November Bregman went directly to Crane and said “we both know you aren’t going to offer me a market value contract, and I totally understand that. But I love Houston and this organization, and feel like I’ve given you guys a lot over the years. So I would really appreciate a competitive offer from you that I can take forward that you will leave open until I sign elsewhere, however long that might take.” And that he did that with the intention of shopping it around, knowing that in the meantime Houston would make moves to improve the roster in other ways. Over the following weeks, Bregman realized the market wasn’t going to deliver an offer that made it a no-brainer to leave Houston. So Bregman waited until he was reasonably sure Houston was done adding as much to the team as they would for the year before circling back and accepting their original offer. In effect, Bregman really didn’t ever pursue a free agent contract; what he really wanted was to leverage his free agency to stretch Jim Crane to the absolute limits to build the very best roster possible around him. Because he was never leaving Houston. He just wants to maximize his chances of winning more rings there. Legend.
Teams like the Reds, Athletics, Marlins, Pirates and Rockies don't really try. Winning a World Series isn't something that they realistically aim for. Teams like the Twins, White Sox, Royals and Brewers try to win and will develop talent in an effort to be really competitive for a 3-5 year window knowing that they will be bad after that point because they cannot compete financially. A team like the A's have a completely different business strategy and model than a team like the Dodgers..... the A's attempt to live on the margins, profit off that approach and have an overall appreciation of their franchise value as the overall sport increases in value. It is a very unhealthy approach, and it compromises the overall quality of the sport and the level of competition. At the end of the day - it makes major league baseball as a "sport" feel very small compared to the NFL and the NBA.
This is what I said 2 weeks ago. He could quiet revolt (my back) but that won’t help him for future earnings.
I randomly went to a Padres versus Braves game last year in Atlanta as I was there for work. Profar Played amazing that game.
Why does it say he's a third baseman? Astros signing guaranteed. Let's build a team of 9 guys that primarily play third base and have them play every other position. Whatever Profar gets, he's going to be looking for an opt-out since 2 years with those numbers in a row would very lucrative for him.
Probably because if they aren't able to make the moves they want to, they still don't think Kessinger had the potential to bring any value
Dodgers bull pen is ridiculous Tanner Scott (1.75 ERA) Kirby Yates (1.17 ERA) Michael Kopech (1.13 ERA w LA) Alex Vesia (1.76 ERA) Blake Treinen (1.93 ERA) Brusdar Graterol (1.20 ERA in 2023)
Makes a tone of sense. Ball player grows up with "let's say not much money to throw around" then makes a sh1tton. Throws money around like it's Halloween candy and expects kids to understand how to invest properly. Kids get used to said money growing up and continue the lifestyle, however, don't make enough themselves to help replenish. Grand kids come along and are now a copy of a copy when it comes to the money made, and all it takes is for a few bad investments to try and make it back quick (instead of over time) for it to be gone. Those who make the money need to be assertive enough to understand how to invest it properly, passing that knowledge down to their kids, and not letting financial advisors do the teachings for them.
