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2021 Draft Signing Period
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Post by GyIantosca on Jul 15, 2021 22:00:08 GMT -5
Just wondering what would it take to sign Payton Green? 3rd money?
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Post by zdog2418 on Jul 15, 2021 22:39:22 GMT -5
Just wondering what would it take to sign Payton Green? 3rd money? 7 figures |
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cdj
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Post by cdj on Jul 15, 2021 23:19:22 GMT -5
Gets plunked every 10 AB, LOVE it Responding to the Yankees getting Locastro |
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Post by vermontsox1 on Jul 15, 2021 23:21:14 GMT -5
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Post by RedSoxStats on Jul 16, 2021 9:32:40 GMT -5
Matt Litwicki is signed per MLB transactions
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sarcasmo
Rookie
Formerly known as mtomeo
Posts: 91
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Post by sarcasmo on Jul 16, 2021 9:37:55 GMT -5
Meredith was always a top prospect in my OOTP sims. In case that means anything, lol
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Post by jbuttah on Jul 16, 2021 9:53:09 GMT -5
Not that it matters that much, but why 122k instead of 125k? |
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cdj
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Post by cdj on Jul 16, 2021 10:06:09 GMT -5
Not that it matters that much, but why 122k instead of 125k? Gotta establish alpha on a guy with that facial hair |
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Post by GyIantosca on Jul 16, 2021 19:59:54 GMT -5
Let’s get Mayer signed and get him to Portland , lol.
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Post by Addam603 on Jul 16, 2021 20:13:51 GMT -5
Matt Litwicki is signed per MLB transactions Signed for $47.5k. Savings of just over $100k |
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Post by Mike Andrews on Jul 17, 2021 10:05:52 GMT -5
Fully vetted the scouting reports, bios, & stat lines for all of the draftees, talked it over with the brass, did some social media stalking, and reviewed the discussion here. Changed some of my projections slightly. Again, this is all still largely speculation. Top Ten Rounds (entire amount counts towards bonus cap)
Round, Overall Pick, Player, Projected Bonus1 Marcelo Mayer $7,250,000 2 Jud Fabian $2,300,000 3 Tyler McDonough $831,100 (slot) 4 Elmer Rodriguez $200,000 5 Nathan Hickey $410,100 (slot) 6 Daniel McElveny $250,000 7 Wyatt Olds $150,000 8 Hunter Dobbins $100,000 9 Tyler Miller $150,000 10 Matt Litwicki $47,500 After 10th round, above $125K (first $125,000 does not count towards bonus cap)11 Niko Kavadas $300,000 ($175k towards cap) 13 Zach Ehrhard $150,000 ($25k over cap) After 10th round, possible $125,000 or less signs (count $0 towards cap)12 Christopher Troye 14 Jacob Webb 16 BJ Vela 18 Phillip Sikes 19 Tyler Uberstine Total spent towards cap using these projections: $11,888,700 Red Sox Cap: $11,359,600 Red Sox Cap +5%: (no draft pick penalty): $11,927,580 Super wicked early projected not to sign15 Payton Green 17 Luis Guerrero 20 Josh Hood Minor updates |
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Post by ematz1423 on Jul 17, 2021 10:15:41 GMT -5
This is just my curiosity but does anyone know how the signing bonuses are taxed? Is it taxed based off where the team they signed with is? Or perhaps by where the player lives when they sign?
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Post by chr31ter on Jul 17, 2021 10:44:03 GMT -5
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Post by alexcorahomevideo on Jul 17, 2021 10:47:23 GMT -5
Excellent pick. The Rosenthal comps are legit. Fastball and injuries to a T. |
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Post by jchang on Jul 17, 2021 11:02:50 GMT -5
Guessing here, suppose I accept a job in Florida. I go to Florida, declare residency, get paid. Then I am a Florida resident working in Florida and paid in Florida. I think Mayer will report to Florida
Meant to quote ematz
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Post by ematz1423 on Jul 17, 2021 11:15:24 GMT -5
Guessing here, suppose I accept a job in Florida. I go to Florida, declare residency, get paid. Then I am a Florida resident working in Florida and paid in Florida. I think Mayer will report to Florida Meant to quote ematz Ha that'd be the smart move for sure if that's how it works. No income tax in FL vs high income tax in MA or CA. Several million dollar difference which was why I'm a bit curious how it works. |
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Post by jchang on Jul 17, 2021 11:38:10 GMT -5
Guessing here, suppose I accept a job in Florida. I go to Florida, declare residency, get paid. Then I am a Florida resident working in Florida and paid in Florida. I think Mayer will report to Florida Meant to quote ematz Ha that'd be the smart move for sure if that's how it works. No income tax in FL vs high income tax in MA or CA. Several million dollar difference which was why I'm a bit curious how it works. What a coincidence. I just thought Ft Myers was the right place for Mayer, and this decision was made completely independent of any tax considerations. |
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Post by costpet on Jul 17, 2021 11:49:40 GMT -5
I moved to Florida 5 years ago from Virginia. The state tax savings alone paid for half my condo in St Petersburg. Sweet
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art
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Posts: 382
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Post by art on Jul 17, 2021 12:12:22 GMT -5
That's funny because I would have said the opposite: in the aggregate be conservative and don't expect Red Sox drafted players to repeatedly outplay their draft slot, but it's ok to fall in love with the occasional player based on scouting (or honestly whatever - I know everyone here is rooting for Owen Sharts). Just don't do it too much compared to average. I usually cotton onto a few random guys for one reason or another. My guys this year are Hickey, Miller, Webb, Guerrero, and Hood. Hope they sign the last two... I wonder if Chaim could recruit former players to go surprise these kids in person and convince them to sign.. How would Guerrero possibly turn Pedro down or Hood say no to Pedroia?
Any word on Hickey's likelihood of signing? He technically was only a freshman this past season. |
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Post by foreverred9 on Jul 17, 2021 13:09:10 GMT -5
Guessing here, suppose I accept a job in Florida. I go to Florida, declare residency, get paid. Then I am a Florida resident working in Florida and paid in Florida. I think Mayer will report to Florida Meant to quote ematz This is my best guess as well, but it's going to depends on which state he declares residency. Logically we'd suspect that he'd declare in Florida to avoid the income taxes, and I'm sure the teams all have tax advisors that tell these players exactly what to do. Additionally, not sure how MLB structures the signing bonuses (i.e. guaranteed on day 1, day 365, etc.) but if there's any vesting requirement going on in the agreement it might not be taxable income in 2021. I hadn't thought about this before, but I hope minor leaguers don't have to file in all the states they play in like the pros do. They already make nothing, imagine having to file 15 different state tax forms on top of that? If so, I hope the teams cover those CPA costs. |
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Post by jaffinator on Jul 17, 2021 13:09:42 GMT -5
Ha that'd be the smart move for sure if that's how it works. No income tax in FL vs high income tax in MA or CA. Several million dollar difference which was why I'm a bit curious how it works. What a coincidence. I just thought Ft Myers was the right place for Mayer, and this decision was made completely independent of any tax considerations. Fairly sure Paul Toboni said in media availability that he expected Mayer to start in Fort Meyers. Though I think most guys will pass through there to start, if only just to get familiar with their program. |
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Post by foreverred9 on Jul 17, 2021 13:22:27 GMT -5
Turns out google has a better answer, at least if we're to believe these advisors. I'd greatly appreciate a second opinion though. To my speculation above, it seems like there's a clause in the contracts that state that a bonus can be recouped and as a result it's not considered a true "signing bonus". As such, it gets apportioned to wages and taxed based on the states in which they play games. awmcap.com/blog/how-your-mlb-signing-bonus-is-taxedanderscpa.com/taxation-of-major-league-baseball-signing-bonuses/?tag=saeInterestingly, having players stay in Florida and structuring the money to be paid more up front would I think thus allow the player to only have to file Florida taxes and get the 0%. |
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Post by vermontsox1 on Jul 17, 2021 18:15:07 GMT -5
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Post by Coreno on Jul 17, 2021 18:24:54 GMT -5
Please don't say sike
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Post by stevedillard on Jul 17, 2021 18:31:52 GMT -5
Anyone know the story behind his first Bankruptcy?
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