Fernando Tatis Jr. will not receive all of the US $ 340 million.
Taxes will reduce your new 14-year contract with the Fathers, of course. But Tatis must also pay an earlier obligation, a deal he made during the 2017-18 off-season, when he was turning 19 and preparing for his first full season on Double A.
It was then that Tatis signed a contract with the Big League Advance (BLA), a company that offers some players in the minor leagues advance payments in exchange for a percentage of their future Major League Baseball earnings. Neither Tatis nor the BLA has revealed the exact percentage he owes the company.
The company’s president and CEO, former major league pitcher Michael Schwimer, told The Athletic in April 2018 that the BLA uses a proprietary algorithm to evaluate all the minor players. Players who receive offers can accept a basic level payment in exchange for 1 percent of their winnings, with the chance to receive higher incremental payments and …