OT: OT: Lets Go Cardinals! (All Baseball Talk Here) Part 2

[Snubbed4Vezina]

How much you want to bet the Yankees Blackhawk their way to #1 miraculously?

 

[Spear]

How much you want to bet the Yankees Blackhawk their way to #1 miraculously?

Luckily not. They dropped out of the top 18.

#1 Cleveland
#2 Cincinnati
#3 Colorado

 

[Linkens Mastery]

 

[Mike Liut]

Now use that 5m you saved on a legit arm for the pen.

 

[Bobby Orrtuzzo]

 

[TheDizee]

our rotation is gonna be the worst in the NL lol

 

[PJJJP]

Robertson has some interesting stuff. He changed his mechanics and it had good results. Now it's just if he can put it together

 

[BadgersandBlues]

At least our roster is starting to come into focus. I think we should trade Edman for another high end starter such a Cease or a young arm from the Mariners - as long as the front office is convinced Donovan is healthy enough to start 130+ games.

 

[PJJJP]

Ohtani just signed for 700 Million

 

[Linkens Mastery]

Ohtani just signed for 700 Million

70mil DH for next year.

 

[542365]

Ohtani just signed for 700 Million

Incredible. Good for him. He’s earned it.

 

[Memento]

According to an MLB.com report, there's unprecedented deferrals (the majority of his salary) in Ohtani's contract, so that the Dodgers can remain competitive and continue to give out contracts while mitigating the competitive balance tax.

Ohtani is just a special human being. Not just as an elite player doing things that we haven't seen since Babe Ruth pitched, but also having the foresight to want the team who signs him to be competitive, while keeping his personal life personal. I can honestly respect a person like that.

 

[Linkens Mastery]

According to an MLB.com report, there's unprecedented deferrals (the majority of his salary) in Ohtani's contract, so that the Dodgers can remain competitive and continue to give out contracts while mitigating the competitive balance tax.

Ohtani is just a special human being. Not just as an elite player doing things that we haven't seen since Babe Ruth pitched, but also having the foresight to want the team who signs him to be competitive, while keeping his personal life personal. I can honestly respect a person like that.

I respect it. He's one of the few MLB players who I'm happy that they got 7 dumptrucks of money dropped off in front of his house.

 

[Mike Liut]

After his 2nd TJ, what if he never regains his velocity?

 

[Xerloris]

What the f***? 700 mill?

 

[TheDizee]

What the f***? 700 mill?

long overdue for a salary cap in baseball.

 

[TheOrganist]

For any accountants on this board; how does the taxation of deferred money work after a player retires. Let’s say Ohtani is owed $200 million in deferred money post retirement. He signed in LA but he elects to move to Florida in 2035 to avoid the state taxation rates in California. How is his income taxed? Is that legal? What if he lives out his days in Japan?

 

[joe galiba]

According to an MLB.com report, there's unprecedented deferrals (the majority of his salary) in Ohtani's contract, so that the Dodgers can remain competitive and continue to give out contracts while mitigating the competitive balance tax.

Ohtani is just a special human being. Not just as an elite player doing things that we haven't seen since Babe Ruth pitched, but also having the foresight to want the team who signs him to be competitive, while keeping his personal life personal. I can honestly respect a person like that.
[/QUOTE
they should not allow the deferred money to not count against the tax cap

 

[Davimir Tarablad]

For any accountants on this board; how does the taxation of deferred money work after a player retires. Let’s say Ohtani is owed $200 million in deferred money post retirement. He signed in LA but he elects to move to Florida in 2035 to avoid the state taxation rates in California. How is his income taxed? Is that legal? What if he lives out his days in Japan?

Not an accountant, but I'd assume he'd still be under California taxes for his income as that's where the Dodgers are located, even if he moves to a different state. Just like when I worked at a place in Illinois while still living in Missouri, I had to file state returns for both IL and MO. Not sure of the tax implications he'd have for returning to Japan.

 

[TheOrganist]

He’s deferring an overwhelming portion of his annual salary. I guess MLB has some formula for luxury tax purposes which is AAV less some percentage allowed for deferred money. Though also have to fund the deferred money in an escrow account annually. Interesting economics though no cap in baseball is becoming untenable and uninteresting.

 

[Mike Liut]

Dodgers are getting Yamomota too thanks to the Ohtani deferment

 

[bleedblue1223]

Not an accountant, but I'd assume he'd still be under California taxes for his income as that's where the Dodgers are located, even if he moves to a different state. Just like when I worked at a place in Illinois while still living in Missouri, I had to file state returns for both IL and MO. Not sure of the tax implications he'd have for returning to Japan.

You aren't taxed in both states though. Athlete taxes are also more complicated because you pay taxes in where you earn the income, so each state you play in since you are paid by the game. It's another aspect that is lost when people bring up states with no income tax. It still helps, but not as much as many assume.

 

[TheOrganist]

You aren't taxed in both states though. Athlete taxes are also more complicated because you pay taxes in where you earn the income, so each state you play in since you are paid by the game. It's another aspect that is lost when people bring up states with no income tax. It still helps, but not as much as many assume.

Which is another reason why it would seem to be advantageous to defer money if you can afford to from a players perspective. It basically just turns into an annuity post-retirement. He also makes approximately $50 million in annual endorsements per ESPN. He’s quite the financial machine.

 

[bleedblue1223]

Which is another reason why it would seem to be advantageous to defer money if you can afford to from a players per perforce. It basically just turns into an annuity post-retirement.

For players like Ohtani, for sure. The amount he'll make in sponsors and endorsements is crazy. He's still going to make an insane amount during his playing days, even with the deferred money.

 

[Davimir Tarablad]

You aren't taxed in both states though. Athlete taxes are also more complicated because you pay taxes in where you earn the income, so each state you play in since you are paid by the game. It's another aspect that is lost when people bring up states with no income tax. It still helps, but not as much as many assume.

Yea, I worded it poorly. I paid state taxes to IL, while MO gave me a tax credit for taxes I paid to IL such that I didn’t end up paying any MO state tax. Essentially was trying to illustrate that Ohtani would pay California state tax on his deferred money regardless of where he resides.