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Rosenthal: Tanaka to Yankees


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QUOTE (NorthSideSox72 @ Jan 22, 2014 -> 09:30 AM)
7/155 with a player opt-out, plus another 20M to Japan? LOL, have fun with that NYY. You can have him.

 

Yep. Just not in the Sox ballpark, and that's fine.

 

If the comp is Dan Haren in his prime, then the Yankees are getting a good pitcher, but not worth that money.

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QUOTE (Balta1701 @ Jan 22, 2014 -> 09:26 AM)
And you only pay that tax rate when you're playing the game in that state, road tips get counted at the local state's rate, so there's lots of gimmicks going on and that's only a small portion of the difference in these deals.

 

Really the only time it's worth mentioning state income tax in regards to professional contracts such as these is when a player goes to a state like Texas or Florida that has no income tax. Then roughly half their contract is state income tax free and that can be significant, but if you're talking a state being a couple percentage points higher than another it really doesn't make much difference to a player when they're making the kind of money they're making.

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QUOTE (witesoxfan @ Jan 22, 2014 -> 07:14 AM)
With the Rangers also paying a $51.7 mill posting fee, so in all, the Rangers commitment was for $111.7 million. That was also with them negotiating alone while Tanaka had multiple suitors.

 

You can tell which is better for the player.

Yeah, but I also think Darvish paved the way for this contract for Tanaka. Teams were looking at Tanaka as the next Darvish, and if you don't believe that, you are kidding yourself.

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QUOTE (southside hitman @ Jan 22, 2014 -> 09:31 AM)
Brutal either way, but you can only push so far.

 

You assume that he pitches well enough to want to re-negotiate a contract that pays him like the a top five pitcher in all of baseball from his age 29-32 years.

You also have to look at it if he needed an opt out after 4 years, is your team ready to win the next 4 seasons? If winning a WS isn't realistic the next 4 seasons, signing Tanaka and paying the fee makes less sense.

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QUOTE (Dick Allen @ Jan 22, 2014 -> 09:30 AM)
If he sucks it's a 7 year deal. If he is awesome, it's a 4 year deal. If his performance is mixed, it depends on how good he was in 2016-2017.

 

What is funny is all the speculation, all the fake information by supposed insiders who make their living being insiders, and in the end it winds up being almost exactly what was predicted when it first came out he may be posted.

 

 

What's even funnier is people taking serious time in denying any rumors of Tanaka linking to other teams and trying just as hard to find any new rumors of Tanaka to Sox out there.

 

This shouldn't have been a 160 page thread, it speaks volume to the number of irrelevant and overreacting posts in here.

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QUOTE (iamshack @ Jan 22, 2014 -> 09:34 AM)
Yeah, but I also think Darvish paved the way for this contract for Tanaka. Teams were looking at Tanaka as the next Darvish, and if you don't believe that, you are kidding yourself.

 

Agreed. If Darvish came over and flopped, you'd better believe Tanaka would have not gotten as good of a deal.

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QUOTE (Dick Allen @ Jan 22, 2014 -> 09:34 AM)
You also have to look at it if he needed an opt out after 4 years, is your team ready to win the next 4 seasons? If winning a WS isn't realistic the next 4 seasons, signing Tanaka and paying the fee makes less sense.

 

Yep. The way I see we have a 6 year window with our current roster construction. Correct me if I am wrong, but Sale, Abreu, Eaton, Garcia, Davidson, EJ, Semien, etc etc are all under team control for the next six seasons. That is why I believe Hahn felt comfortable offering six years at that price. But there is certainly other ways (and perhaps wiser) ways to upgrade the roster with that kind of money.

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QUOTE (ChiSox_Sonix @ Jan 22, 2014 -> 09:37 AM)
According to this site, his taxes based on his average yearly salary (22.143M), would be:

 

NY: 1.941M

CA: 2.230M

IL: 664K

 

I may be wrong, but I think he only pays that state's income tax for his home games. For road games, he pays state income tax for the state that game is in.

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QUOTE (ChiSox_Sonix @ Jan 22, 2014 -> 09:37 AM)
According to this site, his taxes based on his average yearly salary (22.143M), would be:

 

NY: 1.941M

CA: 2.230M

IL: 664K

 

That's not exactly the way it works with players though. When the Yankees are playing the Sox at the Cell, Tanaka's check will be taxed at the Illinois level and so on. He will only be taxed at the ridiculous NY level when they are playing at home.

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QUOTE (ChiSox_Sonix @ Jan 22, 2014 -> 09:37 AM)
According to this site, his taxes based on his average yearly salary (22.143M), would be:

 

NY: 1.941M

CA: 2.230M

IL: 664K

 

The IL numbers are old. They now pay 5% income tax instead of just 3%. Then you also have to add in City of Chicago and Cook County stuff.

 

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QUOTE (lasttriptotulsa @ Jan 22, 2014 -> 09:41 AM)
That's not exactly the way it works with players though. When the Yankees are playing the Sox at the Cell, Tanaka's check will be taxed at the Illinois level and so on. He will only be taxed at the ridiculous NY level when they are playing at home.

 

This is correct. You are taxed where income id earned. So 81 games at NY rates, the rest at whatever state yankees played in.

Edited by Soxbadger
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QUOTE (iamshack @ Jan 22, 2014 -> 09:34 AM)
Yeah, but I also think Darvish paved the way for this contract for Tanaka. Teams were looking at Tanaka as the next Darvish, and if you don't believe that, you are kidding yourself.

 

Oh I absolutely agree. But, if MLB was using the old posting system, the Yankees probably win the bid at like $60-70 million, and Tanaka signs for considerably less (though perhaps a similar overall amount).

 

If the Yankees bid $65 million and win, does it surprise anyone if the Yankees sign him for 6/$90?

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QUOTE (LittleHurt05 @ Jan 22, 2014 -> 10:40 AM)
I may be wrong, but I think he only pays that state's income tax for his home games. For road games, he pays state income tax for the state that game is in.

 

 

QUOTE (lasttriptotulsa @ Jan 22, 2014 -> 10:41 AM)
That's not exactly the way it works with players though. When the Yankees are playing the Sox at the Cell, Tanaka's check will be taxed at the Illinois level and so on. He will only be taxed at the ridiculous NY level when they are playing at home.

 

 

QUOTE (southsider2k5 @ Jan 22, 2014 -> 10:44 AM)
The IL numbers are old. They now pay 5% income tax instead of just 3%. Then you also have to add in City of Chicago and Cook County stuff.

 

I know.

 

It was more to make the point that tax ramifications probably didn't come into play at all. You'd be talking about a couple hundred grand one way or another.

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QUOTE (SoxnGiants @ Jan 22, 2014 -> 09:12 AM)
I believe that`s the 5th largest pitcher contract in league history. While Abreu`s deal looks like a bargain compared to what Tanaka got, how about Darvish. Generally thought to be the superior pitcher, he got (I believe) 6/60. Less than half.

True, but he also came with an unlimited (and ultimately) $51.7 million dollar posting fee. It's not nearly as high as Tanaka, but still 6 years for $111.7 million comes out at almost $19 million per year.

Edited by Steve9347
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QUOTE (witesoxfan @ Jan 22, 2014 -> 07:46 AM)
Oh I absolutely agree. But, if MLB was using the old posting system, the Yankees probably win the bid at like $60-70 million, and Tanaka signs for considerably less (though perhaps a similar overall amount).

 

If the Yankees bid $65 million and win, does it surprise anyone if the Yankees sign him for 6/$90?

or 7/105? nope.

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