BIB on the Go: Scott Boras Talks Latest On Pete Alonso, Alex Bregman Market
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What recent news has impacted the baseball market?
Remember that Rogers Communication owns the World Series in Canada. It's not Fox. It's their network. They own those rights. And economically, it's good business for them to be in the post-season ratings. I think 30% of the country, you know, watch the World Series. Sponsorship, all the things that they can do to grow a... 40 million fan base because who in baseball has that who has that that that type of fan base i mean you go to seattle when when the blue jays come to town oh my god it's like a home game for the blue jays you know really they have they have an own they have their own store for the blue jay sales in seattle it's that they're that prominent in their country you know so it's a very unique uh dynamic that
I always felt, I used to tease them all the time about the blue flu, you know, and the Blue Jays, and they finally have reached that level. And, again, they did it smart. Their facilities in the minor leagues, their facilities in the big leagues, every player that plays, it's the nicest locker room. It's the best training staff. It's all those things that go into what player amenities that they want, you know.
So you think it seems like players, they used to be reluctant to want to play in Toronto with customs or anything else. It seems like it's kind of gone away.
Mainly because it's not really a, it's a five minute process, the way they handle it. It's not anything that anybody, I think, ever complains about it anymore. We hear about the convenience of living downtown, being close to the ballpark and all those things for families and players. And frankly, the taxation system is not much different from California and New York for what they're talking about. But yeah, they've taken big steps. Can I ask, what do you make of the interest in deferrals, like across baseball? Why are we shifted to that as a model? Well, what they're not saying is, like Mr. Blum, is that we're getting $50 million signing bonuses to transfer the deferral cost. So when they say, well, what about the interest you're going to get paid?
Because what I look at is that...
Why are the Blue Jays considered a desirable team for players?
So deferrals are two things. There's deferrals that are disconnected from the contract and deferrals that are connected to the contract. If the payout begins right after the contract and it's for an equivalent number of years that the contract length, then it's usually a reasonable deferral. When they get in and say, I will end the contract and pay you 20 years later. that kind of thing or like an otani contract where you're having a huge amount of money put into the back end which cuts the value of the contract in half those kinds of things but you know like i did a contract for blake snell they paid me 55 million dollar bonus he lives in the state of washington he doesn't pay any stating of tax on the bonus plus he gets paid his salary he's almost getting literally 50 of his contract in year one now there's deferral in it
But the fact of the matter is, when you get the value of that money paid up front, and then you balance that with the net present value of the deferral, you'll find out it's minimal. But for what the teams want to do, it fits their purpose. Because they get to annuitize a certain portion of that. And when you're in the financial industry, they always have the annuity contacts to give them discounted rates for annuities that they fund and do that. So it works well for them. Is there any difference as an agent going into a year out from a labor deal than any other year? Historically, I've done major contracts, mainly because the owners just are not concerned about... they're more they should more be more concerned about the ebbs and flows of talent because that's what operates success in this industry and the fact that they don't have to pay players I have been able to get that clause in the contract lately they don't have to pay players during strikes it mitigates the primary concern of
I don't know of a collective bargaining agreement where an owner came out and said, you know what, things are going to be so much worse that I'm concerned about the longevity of the contract I just agreed to prior to the new CBA.
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Chapters
4 chaptersSpeakers
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