Baseball for the Thinking Fan

Login | Register | Feedback

btf_logo
You are here > Home > Baseball Newsstand > Baseball Primer Newsblog > Discussion
Baseball Primer Newsblog
— The Best News Links from the Baseball Newsstand

Thursday, December 06, 2012

Baseball Players Are Also Worried About the Fiscal Cliff

Too bad we never saw the pitching matchup of Simpson-Bowles

B.J. Upton, the talented Major League Baseball outfielder, just signed a $75.25 million deal to play for the Atlanta Braves in the next five years. That’s a lot of money, even spread out over five years, and it comes with an unusual provision—a $3 million bonus to be paid before Dec. 31, 2012.

The date is a giveaway: If Jan. 1 arrives in the U.S. with a government plan to avoid the fiscal cliff, or if President Obama has his way and resets tax rates on the wealthy to Clinton-era levels, getting paid a day early will save Upton $120,136.

Maybe that doesn’t sound like a lot of money for someone scheduled to receive a salary of $12.45 million next season, but it’s more than twice as much as the average American earns in a year. Someone in Upton’s coterie of agents, lawyers, and accountants has an eye on the nation’s upcoming austerity trigger.

RoyalsRetro (AG#1F) Posted: December 06, 2012 at 09:55 PM | 7 comment(s) Login to Bookmark
  Tags: bj upton, braves, fiscal cliff

Reader Comments and Retorts

Go to end of page

Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.

   1. dr. scott Posted: December 07, 2012 at 02:18 PM (#4319557)
Given that the US Govt has granted Baseball the monoply it believes is necessary to make so much money for the players and owners.... maybe they should just not complain and pay their taxes... or maybe they assume political contributions are enough to settle that debt.

Also, even players at the league minimum, if they have enough deductions, may not see thier taxes go up under the presidents plan

(I know this is a general liberal argument why all people should pay taxes, but in this case it seems fairly cut and dry.)
   2. shoewizard Posted: December 07, 2012 at 10:16 PM (#4319812)
McCarthy got a similar bonus in his deal.

   3. Robert in Manhattan Beach Posted: December 08, 2012 at 02:17 AM (#4319851)
Everyone thinks you should pay your taxes...and then runs around a does everything under the sun to avoid paying their taxes. Many things divide us but this behavior is universal.
   4. The Anthony Kennedy of BBTF (Scott) Posted: December 08, 2012 at 03:25 AM (#4319856)
Many things divide us but this behavior is universal.


There's gotta be people out there who could gain from itemizing their deductions and don't from sheer laziness. Also, it's not hypocritical to support higher taxes on yourself and still pay only what you owe. It'd be hypocritical only if you were calling others out for taking deductions and credits you yourself were taking.
   5. Greg K Posted: December 08, 2012 at 07:54 AM (#4319866)
I'm avoiding taxes this year by not submitting my time sheets.

Can't tax me if I don't get paid, suckers!
   6. Fernigal McGunnigle Posted: December 08, 2012 at 10:32 AM (#4319892)
Given that the US Govt has granted Baseball the monoply it believes is necessary to make so much money for the players and owners.... maybe they should just not complain and pay their taxes...


No one is complaining in the article, only arranging their bonuses is such a way as to avoid a potential tax hike.

Everyone thinks you should pay your taxes...and then runs around a does everything under the sun to avoid paying their taxes. Many things divide us but this behavior is universal.


Upton's deal hardly seems like an extreme effort to avoid paying taxes. He signed a contract in November and is getting his signing bonus in December. As tax dodges go, that seems pretty insignificant.

I agree with the general idea that people should be more willing to pay their taxes (and that we should eliminate the majority of tax loopholes), but there's nothing in the article that is particularly unpleasant.
   7. Rafael Bellylard: The Grinch of Orlando. Posted: December 08, 2012 at 10:37 AM (#4319893)
There's nothing wrong with avoiding taxes. It's evading them that gets you in trouble.

You must be Registered and Logged In to post comments.

 

 

<< Back to main

News

All News | Prime News

Old-School Newsstand


BBTF Partner

Support BBTF

donate

Thanks to
Sebastian
for his generous support.

Bookmarks

You must be logged in to view your Bookmarks.

Hot Topics

NewsblogCC Sabathia agrees to deal to return to Yanks | MLB.com
(36 - 4:20pm, Dec 17)
Last: Walt Davis

NewsblogOTP 11 December, 2017 - GOP strategist: Moore would have 'date with a baseball bat' if he tried dating teens where I grew up
(2479 - 4:19pm, Dec 17)
Last: Ray (RDP)

NewsblogOT - NBA 2017-2018 Tip-off Thread
(2037 - 3:48pm, Dec 17)
Last: Randomly Fluctuating Defensive Metric

NewsblogOT - 2017 NFL thread
(403 - 3:37pm, Dec 17)
Last: Graham & the 15-win "ARod Vortex of suck"

NewsblogBraves send Matt Kemp to Dodgers for Adrian Gonzalez, more major-leaguers | CBS Sports
(33 - 3:35pm, Dec 17)
Last: Gold Star - just Gold Star

Hall of Merit2018 Hall of Merit Ballot
(38 - 3:10pm, Dec 17)
Last: Bleed the Freak

NewsblogWinter Meeting Signings
(45 - 3:09pm, Dec 17)
Last: cardsfanboy

Hall of Merit2018 Hall of Merit Ballot Discussion
(408 - 2:23pm, Dec 17)
Last: Howie Menckel

NewsblogChatwood Initial Deal with Cubs Violated Rules – Inside the Seams
(20 - 1:49pm, Dec 17)
Last: Sunday silence

Sox TherapyA Container of Milk, A Loaf of Bread and a Dude Who Can Hit Home Runs
(31 - 1:42pm, Dec 17)
Last: The Yankee Clapper

NewsblogRyan Thibs has his HOF Ballot Tracker Up and Running!
(490 - 1:36pm, Dec 17)
Last: DanG

Gonfalon CubsLooking to next year
(349 - 1:14pm, Dec 17)
Last: Voodoo

NewsblogPadres acquire shortstop Freddy Galvis from Phillies - The San Diego Union-Tribune
(4 - 12:54pm, Dec 17)
Last: BDC

NewsblogMany moving parts to potential Zack Greinke trade
(8 - 11:32am, Dec 17)
Last: Infinite Yost (Voxter)

NewsblogDustin Fowler sues White Sox over injury at Guaranteed Rate Field.
(1 - 11:04am, Dec 17)
Last: The Duke

Page rendered in 0.1360 seconds
47 querie(s) executed