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Vlad Jr signs 14/500 deal

Featured Replies

2 hours ago, Admin said:

That deal will age TERRIBLY lolololol

I know "lifetime" contracts are the new thing in sports the last handful or so of seasons but that's a long goddamn time to be stuck paying someone.

13 hours ago, hovertical said:

That deal will age TERRIBLY lolololol

I know "lifetime" contracts are the new thing in sports the last handful or so of seasons but that's a long goddamn time to be stuck paying someone.

Especially in Canada where their dollar is weaker.

Shut up, Das.

38 minutes ago, Michael said:

Especially in Canada where their dollar is weaker.

Shut up, Das.

Does he get a boost from the tariffs when he plays a game in the US?

Wow, $325M of it is a signing bonus, paid in annual installments, with the remaining $175 representing actual salary:

Notably, Ken Rosenthal of The Athletic reports that the $500MM will come in the form of a whopping $325MM signing bonus, paid out in annual installments over his contract’s 14-year term, with the remaining $175MM constituting his salary. That doesn’t change the luxury-tax picture for the Blue Jays, but it does provide tax benefits to Guerrero. Signing bonuses are taxed based on a player’s official residence, and although Guerrero plays his home games in Toronto, he’s legally a Florida resident, where there’s no state income tax. Further, Rosenthal rightly points out that signing bonuses are paid out even in the event of a potential labor stoppage, whereas player salaries could be withheld or prorated. Effectively, the mammoth signing bonus provides Guerrero an avenue and safety net to take home as much of that mammoth guarantee as possible.

5 hours ago, rmc523 said:

Wow, $325M of it is a signing bonus, paid in annual installments, with the remaining $175 representing actual salary:

Notably, Ken Rosenthal of The Athletic reports that the $500MM will come in the form of a whopping $325MM signing bonus, paid out in annual installments over his contract’s 14-year term, with the remaining $175MM constituting his salary. That doesn’t change the luxury-tax picture for the Blue Jays, but it does provide tax benefits to Guerrero. Signing bonuses are taxed based on a player’s official residence, and although Guerrero plays his home games in Toronto, he’s legally a Florida resident, where there’s no state income tax. Further, Rosenthal rightly points out that signing bonuses are paid out even in the event of a potential labor stoppage, whereas player salaries could be withheld or prorated. Effectively, the mammoth signing bonus provides Guerrero an avenue and safety net to take home as much of that mammoth guarantee as possible.

Hell of a deal for him, then!

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