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Message
re: Fernando Tatis jr : How a $2million loan/investment turns to owing $34million
Posted on 5/25/26 at 1:13 pm to skullhawk
Posted on 5/25/26 at 1:13 pm to skullhawk
quote:
Earning the majority of that money in CA, he's probably bringing home half of it. Then his agent(s) are getting their cut as well, so I can see, from his perspective, why that $34 million
The $34 mil is an expense before any taxes, depending on the wording of when and how of course.
But I’m curious if his agreement was for lifetime contracts or just his “first contract”. You’d think just his first contract, as it’s more of an advance.
If it was just for his first contract, there’d be ways around this by signing a shorter deal. Though risky for sure.
3
Posted on 5/25/26 at 2:34 pm to baldona
quote:
If it was just for his first contract, there’d be ways around this by signing a shorter deal. Though risky for sure.
He probably forgot all about that deal, till the bill came due.
Posted on 5/25/26 at 2:57 pm to stlslick
quote:
read that fine print.
Uhhh, it is literally their business model. No fine print was needed nor was it used.
Posted on 5/25/26 at 4:02 pm to baldona
quote:
But I’m curious if his agreement was for lifetime contracts or just his “first contract”. You’d think just his first contract, as it’s more of an advance.
Pretty sure it is lifetime. Kinda crazy, he should've made sure to put a cap on the potential loss. They woulda agreed to $35 million im sure
This post was edited on 5/25/26 at 4:02 pm
Posted on 5/25/26 at 4:56 pm to HagaDaga
quote:
chools will end up being for ed to provide the lawyers for a bunch of one and dones.
If i am that school and the kid is i would want the option to no longer advise him. It opens the door to say the lawyers weren't doing their best since they were leaving
Posted on 5/25/26 at 5:51 pm to jmarto1
There’s websites that you can invest in upcoming athletes and if they make it big, you get a return.
Posted on 5/25/26 at 8:42 pm to WG_Dawg
It’s auctually more than $34 million. It’s $34 million after taxes. When you figure in California and Federal taxes it actually closer to $60 million. So it’s about about 20% of his contract.
Posted on 5/25/26 at 8:47 pm to baldona
quote:
The $34 mil is an expense before any taxes, depending on the wording of when and how of course.
Someone has to pay the taxes and the contract says 10% of future earnings. Not 10% after taxes. 10% is 34 million and that is what he owes and that would be after he pays his taxes. Like I said it is roughly about $60 million when you figure in the taxes.
Posted on 5/26/26 at 6:46 am to UAinSOUTHAL
quote:
Someone has to pay the taxes and the contract says 10% of future earnings. Not 10% after taxes. 10% is 34 million and that is what he owes and that would be after he pays his taxes. Like I said it is roughly about $60 million when you figure in the taxes.
Wut? He owes the company 10% before taxes, so $34 mil. The company he owes pays the taxes on that $34 mil….he would owe the taxes on $306 million.
California taxes are high but let’s not convolute them into something absolutely ridiculous
Posted on 5/26/26 at 6:55 am to stlslick
lol. How dumb is Tatis and his people.
The real story is the $34 mil is still not enough to motivate him to make his people get their shite done on time
The real story is the $34 mil is still not enough to motivate him to make his people get their shite done on time
quote:
But according to California state judge Judy S. Bae, Tatis filed his petition too late. “Tatis was required to raise his CFL challenges to the Player Agreement before arbitration proceedings began and has therefore waived judicial review of such challenges,” the judge wrote.
Posted on 5/26/26 at 8:10 am to stlslick
this wasn’t fine print though it was the whole deal.
Posted on 5/26/26 at 9:14 am to LSU4ever2002
quote:
Would be much easier to swallow if it was 10% after taxes.
It gets even worse.
Because BLA provided the upfront funding that allowed Tatis to train and advance his minor league career, it is technically an employment-related investment expense. However, because his payoff comes from standard W-2 wages, the IRS provides zero mechanism to deduct the $34 million.
Posted on 5/26/26 at 10:34 am to stlslick
10% of future owning is wild.
His dad played 11 years in the league and made almost 20 million, how did the family not have the money to hire a trainer, get him an nice apartment, and eat clean food?
I know F1 does stuff like this quite often but mortgaging %10 of your future earning for 2 mil is wild.
His dad played 11 years in the league and made almost 20 million, how did the family not have the money to hire a trainer, get him an nice apartment, and eat clean food?
I know F1 does stuff like this quite often but mortgaging %10 of your future earning for 2 mil is wild.
Posted on 5/26/26 at 11:02 am to baldona
quote:
Wut? He owes the company 10% before taxes, so $34 mil. The company he owes pays the taxes on that $34 mil….he would owe the taxes on $306 million.
California taxes are high but let’s not convolute them into something absolutely ridiculous
I think what they're saying is, because MLB players are W2 earners, the $34 million is taxed before he even receives the funds via his wages. He then pays $34million of after-tax dollars to the fund. So when viewed through that lens, he's paying 'more than $34 million'.
Tatis has to use net proceeds to satisfy a claim against gross earnings.
This post was edited on 5/26/26 at 11:06 am
Posted on 5/26/26 at 11:24 am to cubsfan5150
quote:
Gotta figure that after taxes and agent fees, he might see 40% of that $340M, and of that 40% ($136M), he’ll have give $34M up. Bad deal.
Maybe a CPA or tax pro can chime in.....but wouldn't he be able to deduct that $34M from his pre-tax income? Leaving his taxable amount at $306M instead of $340M
Posted on 5/26/26 at 12:42 pm to stlslick
no different that structured settlement companies like JG Wentworth.......research what your looking to do, cause it isn't ever what you think it will be
Posted on 5/26/26 at 12:51 pm to stlslick
How many athletes do the "miss" on ?
Seems Risky
Seems Risky
Posted on 5/26/26 at 1:56 pm to stlslick
A company risked $2M of their own money to help him become an All-Star. If Tatis never made it to the bigs he doesn’t have to pay them a dime. Now obviously that’s not how it played out but that’s 100% legal.
Posted on 5/26/26 at 2:34 pm to stlslick
i feel like i’d call it predatory if it wasn’t to upfront and obvious that this is a bad deal if you actually make it.
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