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Fernando Tatis jr : How a $2million loan/investment turns to owing $34million
Posted on 5/25/26 at 8:40 am
Posted on 5/25/26 at 8:40 am
the former power hitting juicer, now light hitting, errrr, non hitting rf'r, played a dangerous game, and lost bigly. NIL and drafted players better beware, and read that fine print.
.
.
This post was edited on 5/25/26 at 8:51 am
26
Posted on 5/25/26 at 8:48 am to stlslick
Did I see the other day he still hadn’t hit a home run this season?
Posted on 5/25/26 at 8:51 am to Hot Carl
quote:
Did I see the other day he still hadn’t hit a home run this season?
still a goose egg for Homers.
Posted on 5/25/26 at 8:51 am to Hot Carl
These agreements happen to a lot of F1 drivers as well
Posted on 5/25/26 at 8:53 am to stlslick
He should absolutely have to pay it back. We dont excuse the loans of the poor and stupid; we shouldn't forgive the loans of the rich and stupid.
Posted on 5/25/26 at 8:54 am to stlslick
Sounds like a good judge.
How many athletes flame out that Big League Advance gets $0 return?
How many athletes flame out that Big League Advance gets $0 return?
Posted on 5/25/26 at 9:07 am to SECSolomonGrundy
quote:
He should absolutely have to pay it back. We dont excuse the loans of the poor and stupid; we shouldn't forgive the loans of the rich and stupid.
Definitely should have written it with a stop loss clause.
Posted on 5/25/26 at 9:13 am to Bestbank Tiger
Hiring a lawyer is not always an expense. It's an investment.
Posted on 5/25/26 at 9:20 am to stlslick
quote:
and read that fine print
It was very clear.
Posted on 5/25/26 at 9:22 am to stlslick
I'd expect an avalanche of these stories in the near future. These young kids are poor and foolish are signing all sorts of idiotic agreements I'm sure. The inability to think about the long term or the bigger picture really clouds judgement.
This post was edited on 5/25/26 at 9:34 am
Posted on 5/25/26 at 9:25 am to stlslick
quote:
read that fine print.
I don’t know that a material economic term would be considered fine print.
Posted on 5/25/26 at 9:36 am to Mo Jeaux
It really raises the question of why exactly did he even think they were giving him 2 million dollars in the first place.
Did he think they were just a charity?
He never asked himself why they would be interested in doing such a thing like what's in it for them?
Did he think they were just a charity?
He never asked himself why they would be interested in doing such a thing like what's in it for them?
Posted on 5/25/26 at 9:36 am to stlslick
Seems like a good deal both ways. He received semi-life changing money in $2Mil up front without ever having to pay it back.
Seems bad that he now owes $34Mil, but when you’re already making over $300Mil, what will that extra money do for your life?
Seems bad that he now owes $34Mil, but when you’re already making over $300Mil, what will that extra money do for your life?
Posted on 5/25/26 at 9:40 am to Tifway419
quote:
Seems like a good deal both ways. He received semi-life changing money in $2Mil up front without ever having to pay it back.
It seems like an atrocious deal for him specifically. Maybe Fernando Sr. was a deadbeat dad but seems like Jr. shouldn't have been struggling like plenty other Caribbean kids trying to make it in baseball so he shouldn't need a awful loan like this.
This post was edited on 5/25/26 at 9:41 am
Posted on 5/25/26 at 9:41 am to saintsfan22
700+ deals they have in place. With NIL deals also included.
Posted on 5/25/26 at 9:49 am to Tifway419
Gotta figure that after taxes and agent fees, he might see 40% of that $340M, and of that 40% ($136M), he’ll have give $34M up. Bad deal.
Posted on 5/25/26 at 9:55 am to StansberryRules
quote:
I'd expect an avalanche of these stories in the near future. These young kids are poor and foolish are signing all sorts of idiotic agreements I'm sure
I hope every one of them loses in court. Pay up, a deal is a deal.
Posted on 5/25/26 at 9:59 am to stlslick
quote:
After realizing he owed 34 million in exchange for 2 million
I hate disingenuous shite like this.
No, he isn't paying 34 million in exchange for 2 million. He got 2 million and with that assistance parlayed it into 340 million. So even after paying what he contractually owes he's still left with 306 million.
Imagine having fricking 306 million dollars and being so petulant over something this trivial.
Posted on 5/25/26 at 10:06 am to stlslick
They risked $2m that he would make it to the MLB and it paid off. Some lawyers need to form an independent firm advising athletes because this will be a growing trend as NIL evolves
Posted on 5/25/26 at 10:08 am to stlslick
In a weird way this is like a human stock market. Investors pick poor people they think are going to hit it big and buy an ownership stake in that person. The poor person gets an infusion of capital to grow but the downside is the buyer now had permanent shareholder rights to the profits. But there's risk baked in - for every Tatis there are probably a dozen "stocks" who never make it.
Something similar has been going on in the music industry for a long time. Garage bands need money so they can eat, buy equipment, record demos, book studio time, etc. Then one night a Col. Tom Parker type walks into the grimey club and hears them play. The Black Crowes signed one of the deals on a bar napkin and a court upheld it.
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