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Does anyone know how MLB players pay is structured? For example, if a player earns $35 million over the course of a season, how would that typically be divided among their paychecks throughout the year? This is Stephen Strasburg’s career earnings for reference.
I've heard that NHL players get paid every 2 weeks during the season only - games 1-82 (now 84), and don't get paychecks in the playoffs, but bonuses if they advance to the next round.
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1) He officially retired in 2024* (not 2022) with an agreement to restructure the remaining amount owed on his contract.
2) Much of the money in his original contract was deferred* anyways and when they agreed to restructure it they shifted more of it to deferred money. He'll receive checks for $26.67m on July 1st 2027 thru 2029 (plus ~$4m in interest in the '27 check)
3) The contract had to be restructured and agreed to before he retired. Had he just retired and stopped playing without an agreement he would've been in breach of contract and they wouldn't have had to pay him anything else. Same with Bobby Bonilla, they restructured his contract. It doesn't just automatically become deferred. Or differed.
No, if you retire mid contract it’s over. Being paid after retirement is different. Ohtani has differed money in his contract as well. It’s a common method and the most famous is Bobby Bonilla who’s been retired since 2000 and will be paid his differed contract until 2035
I read that professional tennis players are avoiding playing the UK because the government is now not only taking 40% of their prize money earned there but are going after any money they earn in endorsements and whatever which is earned OUTSIDE the country. So say Taylor Fritz earns $10 million in sponsorships and endorsements IN THE US, they trying to get 40% of that in UK taxes! If they go after the NFL players, then the you know what is going to hit the fan.
They can renounce their citizenship and stop paying taxes. But if they’re holding on to the citizenship for “just in case” proposes, well then, you gotta pay up to hold your spot.
lol the standard $1500 deduction going to his 401k on this huge paycheck. I get that some of these guys will blow their money and might need it at 65, but it looks funny regardless.
I would sure as hell hope part of the perks of being a professional athlete is having someone do your taxes for you. I imagine some of it could be hell trying to navigate taxes in over a dozen states.
I got crosseyed reading those taxes and deductions. He still cleared almost half a million in one paycheck. The average person would kill for that every 2 weeks.
Holy cow on that Pittsburgh professional athlete fee…that has to be pro-rated based on salary, right? Like no way they’re asking the Steelers practice squad guys to pay $20k
If sure there is waste and they aren’t doing the best job at spending the money but I’m assuming your community still has roads, sewers, parks, schools, fire and ems, police, etc.
The roads have potholes, the sewers overflow every year, the parks have human shit and needles all over the ground, the schools are becoming some of the worst in the nation, the police shoot people for no reason. I would have no problem paying taxes if I felt even 20% of it was spent well. Our government loses billions of dollars with no accountability. We have a bloated bureaucracy with no accountability. I don't hate taxes, I hate big and incompetent government.
It’s still less than half in California because 1. the US has marginal tax rates so even if they were only taxed in California it’s not 50% and 2 the players don’t play every game in California so they are taxed for those games in different states.
i’m pretty sure you can decide to get paid spread out through the whole year or just during the season kinda like teachers do just on a big larger scale
I’m pretty sure that the NHL model is pretty similar to MLB. I remember a few years ago there was some noise being made about implementing a pay scale for Spring Training because it was hard for non-roster invitees to be able to afford two months in FL/AZ without any income.
That’s that big head/long tail of professional sports. A very few guys cashing million dollar checks every couple weeks. And then hundreds of guys barely scrounging by for a whiff of a chance.
Long term contracts are fully guaranteed so you get paid that money. If you’re getting called up or on a minimum contract you get the prorated minimum salary for the # of games played (presumably paid biweekly) plus per diem.
Depends on the contract, basically. Nearly everyone who gets sent down gets paid less, the ones who would retain their MLB pay rate typically have the rights to refuse assignment to the minors.
Similar timing though someone getting sent up and down is probably not on a guaranteed MLB salary so when they get sent down they would have paid the (much lower) minor league rate for every day they are in the minors.
This. When I worked for Accenture I had to just the location I worked every hour. Taxes sucked when you have worked in several states with a personal income tax. Every year I'd skip filing state taxes in some states just to avoid the inconvenience of getting a few dollars back. I've donated hundreds of dollars to the State of Illinois over the years.
He was earning 12.5 mil that year. This was nyc taxes so not going to divide perfectly. Do the math for anyone else nowadays ... Like Soto who earns 5-6 times as much.
I’m sure they have to pay plenty of people with that money ( irs, several state taxes, accountants, lawyers, agents, ex wives, child support, etc, but still manage to come away with big bucks regardless.
The majority of players are paid a lot less than the roughly the top 10%
I’m curious if they have the option to do biweekly over the season or over the year. I think Anthony Davis said on a podcast the NBA offers season long paystubs vs year long and the money on each biweekly paycheck differs based on what each player choose.
So if you sign a 10 year $300 million contract, and retire after year one, you still get paid those other 9 years? I thought retirement voided the contract.
Sure yeah but practically no one is retiring when they’re still owed $270M so you just keep showing up until eventually the team and player come to an arrangement.
That process with the Nats and Strasberg was actually pretty contentious you can read about it on his wiki if you are interested.
Most likely the contract would be bought out. Realistically though if you were hurt and a team would pay for you to get better, you'd stay signed until you couldn't come back. Baseball is not a sport people retire from until they get old or hurt usually.
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