Fernando Tatis Jr. will not get the full $ 340 million.
Taxes will reduce his new 14-year deal with the Parents, of course. But Tatis also has to pay a previous obligation, a deal he made during the 2017-18 low season, when he turned 19 and preparing for his first full season in the double A.
That’s when Tatis signed a contract with the Big League Advance (BLA), a company that offers selected minor league payouts in exchange for a percentage of its future earnings in Major League Baseball. Neither Tatis nor BLA have revealed the exact percentage they owe the company.
The company’s president and CEO, former major league pitcher Michael Schwimer, told Athletic in April 2018 that BLA uses a proprietary algorithm to rate all of the minors ’players. Players who receive offers can accept a basic payment in exchange for 1% of their winnings, with the possibility of receiving larger incremental payments and returning a …