Sep
09

Posada on Second

By

Jorge Posada is in the process of converting an entire floor of a building at 77th St. and 2nd Ave. into his family’s very own apartment. He just bought one of the floor’s units for $3.5 million. And he paid in cash. It must be nice being a baseball player.

Categories : Asides

10 Comments»

  1. JRVJ says:

    There was an article on a similar topic also on the NYT recently (you should be able to read it by pressing my name).

    Yes, its nice to be an elite ballplayer, but I sort of get the impression that unless you are getting A-Rod money (and even then, barely) you are not in the same league as others super rich types out there today.

    • Jersey says:

      The average salary of a Fortune 500 CEO is something like $10 mil a year, but the upper echelons definitely get up into the $20-$40 mil range with stock cashouts, etc. But Posada is still one of the wealthiest men in the country, which is a weird thing to say about a ballplayer, right? ARod makes more than almost every Fortune 500 CEO for example. Crazy.

  2. Mike A. says:

    It’s amazing how much money these guys make. Look at Mike Myers, B-Ref says he’s made over $9.5M in his career!

    The all-time salary list is…is…I dunno what it is, but it’s crazy how much money these guys make for playing a child’s game. How in the world did Matt Williams make almost $79M during his career? $70M for Tim Salmon? $65M for Kevin Appier?!? Oi…

  3. dan says:

    wouldnt this indicate that he’s going to stay?

    • Ben K. says:

      I wouldn’t read too much into it. I think it means he likes having his family live in New York and wants a stable place. He knows he won’t be playing for too too many more years, and a full floor apartment on Second Ave. is a great investment especially with a new subway line on the horizon.

      That being said, I would be pretty surprised if he doesn’t stay in New York.

    • steve (different one) says:

      well, the Mets also play pretty close to that apartment and need a catcher.

      if Posada opts for free agency, i don’t see any scenario where the Mets don’t make him a crazy offer.

      that would be a nightmare, but there is going to be a lot of drama this offseason from the 4-ring club about Torre coming back.

      if the Yankees make a managerial change, and unless they win the WS, i don’t see how they don’t, the odds become a bit longer that all three of Pettitte, Posada, and Mariano come back next year.

  4. Barry says:

    nice? try awesome.

  5. Michael T says:

    The bright line between being really rich (e.g. mini-baller) and being a Baller is whether you can afford to buy and operate a private jet. Jorge isn’t there yet and likely won’t ever be but Arod is. The problem with being a ball player is that you are a straight W2 wage-earner and income taxes simply kill you.

    Off the top of my head, the atehletes that are Ballers:

    Baseball- Arod and Clemens

    Basketball- Jordan and Shaq (lots of outside income for both)

    Football- Nobody

    Hockey- The Great One

    Tennis- Agassi, Sampras, maybe Sharapova (agin the outside income here is huge)

    Golf- Tiger, the Ballerest athlete of all

    But all of these guys together barely equal one Oprah to put things in perspective.

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