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re: Fernando Tatis jr : How a $2million loan/investment turns to owing $34million
Posted on 5/25/26 at 10:12 am to thegambler
Posted on 5/25/26 at 10:12 am to thegambler
quote:
Hiring a lawyer is not always an expense. It's an investment.
Yeah, but when you hire a lawyer to bring a suit and lose, it becomes an expense.
This post was edited on 5/25/26 at 7:57 pm
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Posted on 5/25/26 at 10:18 am to AUFANATL
The only bit that is somewhat predatory is the 10 percent is before tax. So it’s really more like 20 percent since you have taxes pulled out first.
However, it’s not like normal agents get their cut after tax so not really predatory.
It’s just weird Tatis Jr needed it considering his daddy
However, it’s not like normal agents get their cut after tax so not really predatory.
It’s just weird Tatis Jr needed it considering his daddy
Posted on 5/25/26 at 10:19 am to stlslick
Sounds like a large scale payday loan. Couldn’t he have just taken out a conventional loan for $2M and owed only interest? Surely with his potential he could have found an institution to pull the trigger on that?
Posted on 5/25/26 at 10:24 am to stlslick
Good hes a clown
Padres should trade him and Machado while they can
Padres should trade him and Machado while they can
Posted on 5/25/26 at 10:25 am to Undertow
His father made 20mil in his career
He didnt need a loan. Hes an idiot
He didnt need a loan. Hes an idiot
Posted on 5/25/26 at 10:34 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.
He should have to pay the money, no argument there. That said, it wasn't a loan as clearly stated above. It was an investment, wager may be the better term, in which if he failed he owed nothing back. In essence, they believed in him more than he believed in himself. They bet on it in fact. And won large.
Posted on 5/25/26 at 10:37 am to SDVTiger
quote:
His father made 20mil in his career He didnt need a loan. Hes an idiot
On top of that Jr had a 700k signing bonus when he was 16 and he was in the show by the time he was 20
quote:
Tatis agreed to a $700,000 bonus when he signed with the Chicago White Sox in 2015
This post was edited on 5/25/26 at 10:59 am
Posted on 5/25/26 at 10:46 am to saintsfan22
quote:
so he shouldn't need a awful loan like this
He did not need it. He wanted to live above his means in the minors. It was an advance toward a percentage of future earnings if they came into existence, not a loan.
I guarantee if he had not made it to the big leagues he would not have thought it was just a loan. Plenty of young people signing these agreements are going to come to realize they are going to be held accountable, many for the first time in their life.
Posted on 5/25/26 at 10:57 am to stlslick
This is basically what the music industry does. They will make an investment in bands, and if the band doesn’t blow up then the band keeps whatever they were paid, but if they do blow up the record company is gonna get most of their sales.
Tatis real issue is thinking he needed that loan to eventually make it. I’m sure MLB Advance is only giving out these loans to elite prospects that have a high a chance of making it. Giving these deals out to low level guys who could just take the money and then basically quit would be the real risk to them.
This exact thing happens a lot in tennis for 14-16 year old prospects. They either have private investors signing deals like this or IMG is doing it
Tatis real issue is thinking he needed that loan to eventually make it. I’m sure MLB Advance is only giving out these loans to elite prospects that have a high a chance of making it. Giving these deals out to low level guys who could just take the money and then basically quit would be the real risk to them.
This exact thing happens a lot in tennis for 14-16 year old prospects. They either have private investors signing deals like this or IMG is doing it
Posted on 5/25/26 at 11:32 am to stlslick
He used that money to improve his body and skills by hiring the best trainers and equipment. Without that is it possible he isn’t as good and thus never gets close to the big contract he got?
In the end he still made out. There is no way to tell but he signed the contract and I’m glad he lost.
In the end he still made out. There is no way to tell but he signed the contract and I’m glad he lost.
Posted on 5/25/26 at 11:56 am to jmarto1
quote:lawyers can advise all they want, but investors aren't going to give teens a ton of money for nothing. And the lawyers will be on the players dime, so when they see that bill they won't be happy either. Cause lawyers aren't doing it for nothing either.
Some lawyers need to form an independent firm advising athletes because this will be a growing trend as NIL evolves
Schools will end up being for ed to provide the lawyers for a bunch of one and dones.
Posted on 5/25/26 at 12:00 pm to evil cockroach
quote:
Sounds like a good judge. How many athletes flame out that Big League Advance gets $0 return?
This. The model is based on 10 to 20% of the investments being a (no pun intended) “home run.”
Those payouts cover the investments that are losers.
Also, for people who have literally nothing, the opportunity to get guaranteed immediate access to life-changing money can often make a lot of sense even if eventually it cost them a significant amount down the road.
It’s very similar to a VC model. Some businesses need the initial cash infusion to develop. Most of the investments are losers. For the businesses that succeed, a substantial amount of their equity is now owned by their investors.
This post was edited on 5/25/26 at 12:06 pm
Posted on 5/25/26 at 12:03 pm to JoeyP239
I'm sure it's not much different than how the European/Latin American/etc soccer markets have been doing it for decades.
Posted on 5/25/26 at 12:14 pm to stlslick
I have clients in the cash advancement space. PI victims want money now. Client advances money. These are non-recourse. Meaning, if the underlying PI suit is poured out, victim keeps the money and client is out all of it. But if there’s a settlement or judgment, then client has first dibs after attorneys fees.
Rates are near 40%. Not usury because these are not loans. Of course when the client/PI victim gets the payday, they don’t want to pay back what was agreed to. Hence, my services.
Rates are near 40%. Not usury because these are not loans. Of course when the client/PI victim gets the payday, they don’t want to pay back what was agreed to. Hence, my services.
This post was edited on 5/25/26 at 12:24 pm
Posted on 5/25/26 at 12:24 pm to stlslick
tbh, I didn't even know these deals existed
Posted on 5/25/26 at 12:29 pm to stlslick
What's wrong with the agreement,?
This company speculates on athletes and sometimes they hit and other times miss and he knew what he was doing when he signed the agreement.
No different than speculating in the market.
This company speculates on athletes and sometimes they hit and other times miss and he knew what he was doing when he signed the agreement.
No different than speculating in the market.
Posted on 5/25/26 at 12:30 pm to OU Guy
quote:
He used that money to improve his body and skills by hiring the best trainers and equipment.
also paid for chemists and roids
Posted on 5/25/26 at 12:42 pm to WG_Dawg
quote:
he's still left with 306 million.
Well, not exactly. Earning the majority of that money in CA, he's probably bringing home half of it. Then his agent(s) are getting their cut as well, so I can see, from his perspective, why that $34 million matters a heck of a lot.
That payout will probably be close to 25% of his take home career earnings.
I'm don't feel sorry for him. He's still living better than 99.9% of people in this world.
Posted on 5/25/26 at 12:56 pm to stlslick
Would be much easier to swallow if it was 10% after taxes.
Posted on 5/25/26 at 1:12 pm 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.
This wasn’t even a loan.. it was an equity stake on his future contracts….
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