- STARTS TODAY AT 7PM - 2016 June Amateur Draft Discussion

Status
Not open for further replies.
bravesfanMatt said:
But, one point on your comment.. if a pitcher is one pitch away from disaster, then wouldn't fighting over 1 million now be in his best interest over waiting for 6 + years to hit FA?
Click to expand...

well if you go to juco you're not getting paid and still one pitch away. if you sign for $4M instead of $5, at least you've got that.
 
Enscheff said:
Agreed. Sometimes I wonder what these kids are thinking. What are you going to do with $5M that you can't do with $3M?

My advice: If someone offers to make you financially stable for the rest of your life, make that deal. Period. Don't get greedy and hold out for more. I've seen folks with small businesses get stung by the same thought process when deciding not to sell their business for a few million only to have it all fall apart within the next couple years.
Click to expand...

well, a lot of these kids insure themselves for $10mill+ in case they blow out before the draft. I suspect, if Groome choose the JUCO route, he would do similarly.
 
yeezus said:
well if you go to juco you're not getting paid and still one pitch away. if you sign for $4M instead of $5, at least you've got that.
Click to expand...

me personally, I am taking 4 million.. But I am also don't have a 5 million dollar arm and like bravos said.. If I had an insurance policy on my arm.. maybe I feel a bit different. But I would still take the money.. what if you go all Funky-house in JUCO and lose all prospect status.. Insurance doesn't cover that.
 
Enscheff said:
Agreed. Sometimes I wonder what these kids are thinking. What are you going to do with $5M that you can't do with $3M?

My advice: If someone offers to make you financially stable for the rest of your life, make that deal. Period. Don't get greedy and hold out for more. I've seen folks with small businesses get stung by the same thought process when deciding not to sell their business for a few million only to have it all fall apart within the next couple years.
Click to expand...

You make it seem like a two million difference is small.

Put it this way - he's going to pay at least half of that money in taxes, so your $3 million immediately becomes $1.5 million. That's definitely life changing money, but not long term stability (if you want to have a comfortable retirement you need to have a nest egg of around $1.3 million and that's not counting the cost of living to get to that point). If Groome blows his arm out in AA ball and never makes it to the major leagues, then that $1.5 million won't even be enough to live the rest of his life on even if he's careful with his money.

It's not greedy to maximize your worth, it's prudent.
 
smootness said:
'Few questions' is not the same as a plus hit tool.
Click to expand...

This is from Perfect Game's write up on him:

The bat might just be the loudest tool for Ray and the lefthanded hitter is showing he can use it for both average and power this spring while cutting back on his strikeouts and taking his walks with 10 over the first 20 games as compared to just 24 last spring in 65 games. In the box he shows a willingness to use all fields and is able to thanks to his loose wrists and quick hands which help generate solid present bat speed through the zone. Through the opening weeks of the season there wasn’t a hotter prospect in all of the country as he’s not only flashed some power but has done so at a consistent rate, already connecting for six home runs while adding another six doubles. (JB)
Click to expand...
 
bravesfanMatt said:
me personally, I am taking 4 million.. But I am also don't have a 5 million dollar arm and like bravos said.. If I had an insurance policy on my arm.. maybe I feel a bit different. But I would still take the money.. what if you go all Funky-house in JUCO and lose all prospect status.. Insurance doesn't cover that.
Click to expand...

good point, I'm not sure, but I don't think you can insure "suddenly started to suck"
 
chop2chip said:
You make it seem like a two million difference is small.

Put it this way - he's going to pay at least half of that money in taxes, so your $3 million immediately becomes $1.5 million. That's definitely life changing money, but not long term stability (if you want to have a comfortable retirement you need to have a nest egg of around $1.3 million and that's not counting the cost of living to get to that point). If Groome blows his arm out in AA ball and never makes it to the major leagues, then that $1.5 million won't even be enough to live the rest of his life on even if he's careful with his money.

It's not greedy to maximize your worth, it's prudent.
Click to expand...

well.... it'd be less than half taken in taxes (you are taxed sequentially for monies that fall withing that guideline) highest rate is 39.4% , SO, he buys a house, writes it off, pays his agent 10-15% wtvr that is, writes it off, so now you have a taxable income of $2 mill of the $3m with an overall tax burden of around 29.5% give or take so he would lose probably say $600k give or take and be left with $1.4m and a house. (or he incorporates and all salary is paid to Jason Groome Inc, which makes the burden a bit less)
 
KB21 said:
This is from Perfect Game's write up on him:
Click to expand...

Again, though, that doesn't say 'plus' hit tool. You could just as easily say that Lewis has showing he can use his bat for both average and power this spring, but nobody is giving him a plus hit tool.
 
bravos4evr said:
well.... it'd be less than half taken in taxes (you are taxed sequentially for monies that fall withing that guideline) highest rate is 39.4% , SO, he buys a house, writes it off, pays his agent 10-15% wtvr that is, writes it off, so now you have a taxable income of $2 mill of the $3m with an overall tax burden of around 29.5% give or take so he would lose probably say $600k give or take and be left with $1.4m and a house. (or he incorporates and all salary is paid to Jason Groome Inc, which makes the burden a bit less)
Click to expand...

Thanks for the breakdown.

Point still ultimately stands. The difference between $3 million and $5 million isn't immaterial. Besides, Groome's posturing for $4 million, not $5 million, which is basically him stating that if he falls past the Athletics at 6 (slot value of $4,069,200), then you either have to pay him top six money or he's not signing. I don't see how that's greedy, since it's very obvious he's a top six talent in the draft and he wants his bonus to reflect that.
 
If Groome is asking for $4 million like that article suggests, am I crazy for thinking we could get him at 40?
 
DaneHill said:
Holy smokes! That's really sad. I think I feel more sorry for him then Ian Desmond. At least Desmond's made his millions.
Click to expand...

don't feel bad.. feel bad for the family that just bankrupted their house because the small business they were running had to close because of a greedy landlord that stuck a big box store as their anchor... That family has nothing to fall back on. Baseball dude probably collected a few 100K at least from slimy agent.
 
Status
Not open for further replies.
Back
Top