4.8 • 8.2K Ratings
🗓️ 10 April 2025
⏱️ 51 minutes
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0:00.0 | Here you go. |
0:03.5 | Here you go. |
0:19.5 | That's the nothing personal word of the day. |
0:21.9 | It is Thursday, April 10th, 20205. |
0:27.2 | Today's episode is brought to you by Draft Kings. |
0:29.9 | Draft Kings, the crown is yours. |
0:33.9 | Vladimir Guerrero Jr. signed the 14-year, $500 million contract only a couple of days ago with the Toronto Blue Jays. |
0:42.0 | You can go back to earlier episodes of nothing personal this week to hear my view of the contract, |
0:47.4 | the excitement that is all through Toronto, the organization top to bottom, from Edward Rogers down to the usher in section 469. |
0:59.0 | And then Ken Rosenthaly of the Athletic reported yesterday that there's something about this contract that we haven't seen before. |
1:07.0 | A signing bonus of $325 million. |
1:12.9 | That's right. |
1:14.2 | That's the entire notional amount of the Jean-Carlo Stanton contract that was |
1:19.3 | signed by us 10 years ago. |
1:24.5 | Why would a player ask for $325 million in signing bonus? |
1:30.9 | Why would a team give $325 million in a signing bonus? |
1:36.9 | Let's break it down. |
1:38.4 | Let's get to brass tax. |
1:41.6 | Tax, not T-A-C-K-S, T-A-X. A signing bonus is earned the day of the signing of a contract. |
1:54.0 | Whether the signing bonus is paid immediately within 20 days, within 30 days, within five years, 10 years, or 14 years. |
2:03.7 | According to the Internal Revenue Service, according to general accepted accounting principles, |
2:12.4 | when you sign your signing bonus, when you sign your contract, and it it's yours you pay tax on that signing bonus |
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