Change … free agents may not believe in

Pettitte wants two years
Late-nite rumors

As you may already know, President Elect Barack Obama has proposed to increase the federal income tax rate for the top bracket from 35% to 39.6%. The AP (via ESPN) points out that if a free agent signs after January 1st, his signing bonus would likely be taxed at the new rate, costing them an additional 4.6%. So if Mark Teixeira is looking to match Jason Giambi‘s $17M signing bonus, he’d would stand to save himself nearly $800,000 by agreeing to a deal before New Year’s. I thought this was pretty interesting, and if we see a mad dash of guys signing just before the calender turns to 2009, this might be why.

Pettitte wants two years
Late-nite rumors
  • http://www.riveraveblues.com Ben K.

    I think the AP is jumping the gun a bit. Obama becomes President at the end of January, and he’ll have to get these tax increases through Congress first. While the Democratic majority will make that easier, it’s not going to happen overnight. I can’t imagine that any deals for the current Fiscal Year or the next will fall under the higher tax plan.

    • radnom

      Exactly what I came here to say.

    • http://yankeesfuture.wordpress.com Pablo Zevallos

      True, but I guess they still want the opportunity to have at least six of seven years with a lower tax bracket? cheapos…

      • radnom

        What you said makes absolutely no sense.?

        • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

          Or does it?…

          No, wait, you’re right, it makes no sense.

          • SWB

            The tax plan would go in effect for the year of 09 when you pay taxes on April 15 2010 so if it goes into effect any time during 09 it would affect the whole tax year

            • Steve

              Clinton’s tax increase was retroactive to the beginning of the year they passed it.

  • pat

    I think if you stand to make like 120 million dollars over the next 6-7 years u can live without the 800K

    • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

      Man, I don’t know. 800K can be some valuable “make a stripper disappear” money…

    • A.D.

      you could, but why would you want to?

      • pat

        Because they’re dead AD. Tommie may have killed her when he shoved all those dollar bills down her throat, he may have killed her when he hit her with the stool … I don’t know, I’m not a doctor. But I’ll tell you what didn’t kill her … smoking!

  • Slugger27

    boy i hope tex gets thru the situation ok… dont want him going hungry

    • E-ROC

      He needs to feed his family. That is just too much money to be giving up.

      -Latrell Sprewell-

      • http://thumbnail.search.aolcdn.com/aais/EMI/media/mchammer/0094631039058.jpg Slugger27

        ur right… they should cherish every penny… never know when it could all be gone

        • Ron

          Just Ask Jim Leyritz!

      • A.D.

        Spree did file for bankruptcy

        • Steve

          Also played his ass off for the Knicks every minute he was here.

        • Bruno

          If he hadn’t turned down that “insulting” $7M offer from Minn he wouldn’t have had to

  • Mike Pop

    Cant feel to bad for these guys but you can for the people that this actually effects

    • radnom

      Which guys exacly in the upper tax bracket should we be feeling bad for then? The ones only making 500,000$ a year? :P

      • Steve

        No, we should have a pity party for anyone making less, like we are now.

    • aaron empty

      like who? “joe the plumber?” these frickin athletes are so greedy it makes me sick…

      • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

        hese frickin athletes are so greedy it makes me sick…

        What the hell are you talking about? If a 28 year old IT professional is making 45K at his current job and he throws his resume on Monster.com and finds and accepts an offer from another firm for 62K, is he a “greedy” bastard who makes you “sick”?

        How is taking what someone is willing to pay you “greedy”? How is negotiating for the maximum that the market will give you “greedy”?

        • Old Ranger

          Good shot…
          As usual, better than I could write it, thanks. 27/09.

        • aaron empty

          umm were not talking about the difference btw 45 and 64 k were talking about the difference btw 16.2 and 17 MILLION wow he must really be hurting…i bet with out that extra 800k he might not be able to….wait it will make no demonsterable difference in his life. im tired of the supper rich penny pinching.

          • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

            [rolls eyes]

            But, again, none of that is GREED. That’s getting the maximum you can get. That’s basic capitalism. That’s what everyone is supposed to do.

            It’s a hypocritical double standard to expect the wealthy to be less interested in maximizing their income when it’s perfectly okay for the lower and middle classes to want to maximize their income.

            • aaron empty

              maximize sure, but shurk their taxes? the money that is needed to run the government that benefits us all? all for a decimal points difference? i mean i understand your point, it just doesnt sit right with me, thats all.

              • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

                Yes, the wealthy attempting to pay less in taxes should bug you, but only because they’re attempting to shirk their taxes.

                The fact that they’re wealthy has nothing to do with it. There’s plenty of Joe the Plumbers making 30K who cheat on their taxes and claim kids they don’t have and shit.

                Your ire is misplaced.

                • aaron empty

                  yes, like i have no animosity towards johan or arod or many or whomever scored big contracts, its the dodging of taxes for so comparatively little gain for them that annoys me so perhaps i have overstated my point cos it makes me so angry. anyway seems like we are on the same page (for the most part anyway ;) )

                • UNION YES.

                  Joe the Plumber actually makes well over 200k a year.

                • Steve

                  “Your ire is misplaced.”

                  Its called jealousy, and it does nobody any good.

                • The Honorable Congressman Mondesi

                  “Joe the Plumber actually makes well over 200k a year.”

                  It’s irrelevant, but still… That statement is false.

      • SWB

        Everyone else is making millions off of these players, why should they not get there piece of the pie they helped make?

      • E-ROC

        Its as if these players are getting this much money at the expense of other players. Players are trying to get the highest paid contract possible. There is nothing wrong with that. Now, if you were talking about the NBA, then you may have an argument as large salaries affect the salary cap of teams.

  • Old Ranger

    Ya’all ever hear of Clinton? He raised taxes retroactively…same could be done here. Pass the tax bill in Sept/Nov 2009…retroactively to Jan 1st of 2009.

    Agree, these players are greedy, but so is everyone else. When you get a job (or raise) don’t you want the most you can?
    The 150 highest paid players (most of them) are the best in the world, and they are compensated for it. 27/09.

  • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

    Interestingly, according to the Pew Research center:

    “Obama won a huge majority among those with low or moderate annual incomes (60% of those making less than $50,000 a year). Yet he also made striking gains among the most affluent voters: more than half (52%) of those with annual incomes of $200,000 or more favored Obama while 46% supported McCain. Four years ago, Kerry won just 35% of these high-income voters.”

    http://pewresearch.org/pubs/1023/exit-poll-analysis-2008

    • aaron empty

      humm…that is interesting. food for thought

    • brockdc

      He also made inroads with whites with college degrees, so perhaps there’s a correlation there.

  • A.D.

    This story reminds me of when Sheffield tried to get more money from the Dodgers when he was traded from the Marlins since he then had to pay income tax

  • Old Ranger

    The government that benefits us all? Bull shit! Our taxes that pay for all the bull shit that the politicians want to bring home so they can stay in office and get kickbacks from?
    When a city (or state) has to cut back on the budget, where do they start? I’ll tell you; they cut the fire department, police department etc., all the essential departments. They never cut back on things like studies for the love life of a weewee bird or the 12 month pay for teachers that work 8 months and can’t pass a high school test on the subjects they are teaching (as per Boston).
    Check your town or state, if you doubt me. 27/09.

    • aaron empty

      i dont think anyone will argue that there is no corruption in government, but that that mean we should eliminate it all together? or that all taxes are bad because they go to some programs you disagree with? i agree there needs to be some changes in government priorities, but that doesnt give people the right to shirk on their taxes.

      • Old Ranger

        I don’t know anyone that disagrees with paying FAIR taxes…we fought a war over; Taxation without representation. The government needs taxes but, over the years, they have gotten into running our lives from birth to after death (death taxes).
        You and I know there are many many programs that shouldn’t be the business of the government…the house and senate was set up to be a part time job and not intrusive into our lives.
        Just leave us alone and we will survive just fine…some better then others but, we will all make it.

  • GG

    Everyone get ready to pay more taxes. That’s what you get when you elect a tax and spender. I think it will effect every industry including baseball.

    • UNION YES.

      If you don’t like it, move somewhere else.

      • Steve

        Did you move when Bush was elected twice?

  • Ivan

    Can we talk about baseball? I mean yeah it’s cool to express our perspectives and clarify specific things in concern with politics, but it is a sensitive issue and almost all the time it gets quite personal.

    I just don’t wanna see any bad arguements and just keep the peace.

    • Old Ranger

      Sounds good to me…
      Politics and religion…both, big time NO NOs!

      • Steve

        Fine.

        That Moses really had a nice curveball, let me tell you.

  • Matt K

    This Post should have been no comments allowed just like the one on going to vote.

  • UNION YES.

    agreed.

  • Bo

    The only “Change” will be in your pocketbook for the next 4 years. As you give up your hard earned money to the gov’t so they can pay do nothings and expand gov’t. Joy.

    • steve (different one)

      you carry a pocketbook?

    • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

      We should have elected Ralph Nader. He would have just abolished sports and this whole discussion would be moot.