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This is interesting ( MLB future contract earnings issue )
perkdog
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in Sports Talk
https://apnews.com/article/fernando-tatis-jr-lawsuit-bla-42d9ee94c791ddbdb570c6cbe13cc1ee
I don't see how Tatis Jr can get out of this unless he would be considered too young ( 17 ) to legally sign something binding?
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Yeah, I don't see the contract being upheld fully. 17 years old and he's stuck with a lifelong deal? Doubtful.
I dunno, the guy gladly took the 2 million dollars up front. That's a lot of friggin' money.
It's only 10% of his earnings for crying out loud. He's still going to make a large fortune on the 90%.
He should be thankful, and not act like a whiny brat. 👎
I dont really get why he ever signed that. His dad made a lot when he played. The minors are awful which is why so many guys stay in college. I get why some guys that think they wont get to the pros do it but I dont like the whole thing at all.
If they let Tatis out of the deal due to his age then he should have to give back that $2million mentioned by @stevek.
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
That would make sense unless he has already given them 10% of earnings so far
given it was a TERRIBLE deal, but he chose to sign on the dotted line. He made the deal. He should have had just a little forethought and not signed such a deal. It is not like he did not know the terms of the deal, he is just unhappy now. He basically signed a gigantic and stupid paycheck loan.
Idiot. no way he should be able to get out of it. I am going to guess that he had a parent/guardian co-sign the deal with him.
George Brett, Roger Clemens and Tommy Brady.
“I’m fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family,” Tatis said in a statement provided by a publicist. “I want to help protect those young players who don’t yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids’ focus should be on their passion for baseball, not dodging shady business deals.”
😭😭😭😭😭😭😭😭😭😭
I wonder if he blew out a knee, right after receiving the money, and could never play baseball again, if he would have given back the 2 million?
Don't prospective music stars sign deals like this all the time, and have for many decades? I've never heard that such contracts were illegal.
I mean the company is playing a numbers game. Perhaps say 99 out of 100 potential music stars hardly ever make a dime professionally. They're just not good enough. But the company is banking on that 1 out of 100 who makes it big, and so overall the company makes a profit on the venture.
The kid knew exactly what he was signing, why he was signing it, and I'd guess that likely if not definitely his parents or a guardian co-signed it.
Im not entirely sure how singing the deal in the DR is going to impact things legally. Steve is right the lenders are playing a numbers game and Craig is right its basically a payroll loan.
These deals are petty new overall and the Reyes trying to get interest from him for playing in Japan that seems like a problem.
Unless you dont think youre going to make it dont sign it for sure
There's a reason minors generally can't sign contracts or be held to them.