caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 5 minutes ago, Blackout Friday said: If that was your point you didn’t express it very well. And 68th would put them in almost the top third in the world. Not exactly one of the poorest. Aligning the world economies numerically doesn't do much, because of the massive inequality between the Top 15-20 countries and the rest of the world, not to mention China and India, which have more billionaires than the US now but also even more issues with income imbalances between the very richest and then the bottom four quintiles of those countries. We can assert that the DR is "one of the top 1/3rd economies of the world." Sure. China is #1 by Purchasing Power Parity, but the average household income is still just 1/6th that of the US, for example (GDP per capita.) Statistics are only as good as the data and person behind those numbers. By the way, for PPP, the DR is 65th. $3.20 - $5.70 per day is the range of "daily poverty" wages for the majority of the world. So the Dominican's $16 per day for a worker, in my opinion, still makes it poor, or relatively poor. In my idea, anything below $20-25 per day is one of the poorest countries in the world, but we can agree to disagree. Average Monthly Salary 19,900 DOP ($344.03, or $81/week, $2/hour) ( 238,000 DOP yearly) LOW 5,020 DOP AVERAGE 19,900 DOP HIGH 88,700 DOP 1 Quote Link to comment Share on other sites More sharing options...
RagahRagah Posted February 19, 2021 Share Posted February 19, 2021 5 hours ago, pcq said: Something Archie Bunker might say. Not likely. Because I'm correct. Quote Link to comment Share on other sites More sharing options...
chitownsportsfan Posted February 19, 2021 Share Posted February 19, 2021 4 Quote Link to comment Share on other sites More sharing options...
ChiliIrishHammock24 Posted February 19, 2021 Share Posted February 19, 2021 21 hours ago, caulfield12 said: Not exactly. Moncada, Robert and Jimenez are the same type of calculated risks. Nobody can guarantee Luis will be a 5-6 fWAR performer. If you count the original signing deal and the extension, there’s nevertheless at least a chance it goes wrong. A year ago, Moncada looked like a sure thing vs. Machado, right? Jimenez is also an injury risk and he’s never going to be able to put up massive fWAR numbers due to defense, base running, etc. The thing is the Padres can afford to do this because of their pitching depth, at the major league level, Clevinger in 2022 and in the minors. They’re staking claim to being one of the best 2-3 teams in baseball for another 5-6 years, and their best pitcher, Gore, will be dirt cheap his first three years. The White Sox have their risk in veterans Grandal, Abreu, Keuchel and Lynn (lesser extent). If they don’t make it to the playoffs or advance a round, they’re going to have a tough time coming up with enough money to entice Giolito. It would be around 50% bigger than the largest deal in team history, which just got inflated by Tatis’ deal and another $5-7 trillion in the US economy. Unless Kopech, Cease or someone like Kelley becomes that next ace, you’re going to have to buy one at top dollar on the open market. Not the White Sox game. It’s also pretty clear we don’t have the trade capital to pull it off, because they need to keep Kopech and Vaughn. Overall, if Robert, Kopech and Moncada become stars, the White Sox will be fine. Two of them is enough for the Central. Just one puts the whole contention window at risk. (Now you can obviously argue that Myers and Hosmer are risks too, but if they were really concerned they would have dealt Myers at peak relative value this offseason.) The Padres are investing in their future, the White Sox are waiting for the payoff before they will invest further. From a typical business standpoint, that approach is certainly preferable if you want to have the very best product in your industry. It’s definitely a better way to get the fans on your side than hiring Tony LaRussa. One of these risks is $340M on one player. The other is $200M for 3 players. These are not the same types of risk. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 (edited) 4 hours ago, ChiliIrishHammock24 said: One of these risks is $340M on one player. The other is $200M for 3 players. These are not the same types of risk. They're also getting eight years of control before the player hits age 30. There's never been a similar contract in the history of the game. One can easily argue the bust rates for Moncada and Robert rate are still elevated. If Tatis puts up another year or two playing at a 6-10 fWAR clip, then he's suddenly looking at $500 million and out of their price range. It's the same reason the White Sox might have missed the boat with Giolito. As he repeats and builds upon previous success, he becomes prohibitively expensive the closer to gets to 2023. Eventually, you run into the same issue the Cubs have with Bryant, Rizzo, Baez and Contreras right now. Being stuck between competing and rebuilding for 3-4 seasons. Edited February 19, 2021 by caulfield12 Quote Link to comment Share on other sites More sharing options...
soxfan49 Posted February 19, 2021 Share Posted February 19, 2021 10 hours ago, caulfield12 said: Aligning the world economies numerically doesn't do much, because of the massive inequality between the Top 15-20 countries and the rest of the world, not to mention China and India, which have more billionaires than the US now but also even more issues with income imbalances between the very richest and then the bottom four quintiles of those countries. We can assert that the DR is "one of the top 1/3rd economies of the world." Sure. China is #1 by Purchasing Power Parity, but the average household income is still just 1/6th that of the US, for example (GDP per capita.) Statistics are only as good as the data and person behind those numbers. By the way, for PPP, the DR is 65th. $3.20 - $5.70 per day is the range of "daily poverty" wages for the majority of the world. So the Dominican's $16 per day for a worker, in my opinion, still makes it poor, or relatively poor. In my idea, anything below $20-25 per day is one of the poorest countries in the world, but we can agree to disagree. Average Monthly Salary 19,900 DOP ($344.03, or $81/week, $2/hour) ( 238,000 DOP yearly) LOW 5,020 DOP AVERAGE 19,900 DOP HIGH 88,700 DOP Alright already shut the f*** up 1 1 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 https://www.cbssports.com/mlb/news/padres-made-mlbs-best-offseason-better-with-tatis-extension-now-theyll-try-to-vanquish-baseballs-top-team/ Quote Link to comment Share on other sites More sharing options...
Balta1701 Posted February 19, 2021 Share Posted February 19, 2021 Quote Link to comment Share on other sites More sharing options...
Squirmin' for Yermin Posted February 19, 2021 Share Posted February 19, 2021 2 minutes ago, Balta1701 said: I'd be calling them about Lucchesi Quote Link to comment Share on other sites More sharing options...
CaliSoxFanViaSWside Posted February 19, 2021 Share Posted February 19, 2021 41 minutes ago, Balta1701 said: Curious to see how much he got. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 https://www.cbssports.com/mlb/news/padres-made-mlbs-best-offseason-better-with-tatis-extension-now-theyll-try-to-vanquish-baseballs-top-team/ Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted February 19, 2021 Share Posted February 19, 2021 20 minutes ago, CaliSoxFanViaSWside said: Curious to see how much he got. 2 years/ $20 mill. Would have loved that deal too. Quote Link to comment Share on other sites More sharing options...
35thstreetswarm Posted February 19, 2021 Share Posted February 19, 2021 10 hours ago, chitownsportsfan said: Oh yeah, we have a ridiculous roster. Yawn—recommence bitchfest 1 Quote Link to comment Share on other sites More sharing options...
ScootsMcGoots Posted February 19, 2021 Share Posted February 19, 2021 1 minute ago, 35thstreetswarm said: Oh yeah, we have a ridiculous roster. Yawn—recommence bitchfest Exactly what I was thinking lol. 1 Quote Link to comment Share on other sites More sharing options...
RagahRagah Posted February 19, 2021 Share Posted February 19, 2021 (edited) 51 minutes ago, 35thstreetswarm said: Oh yeah, we have a ridiculous roster. Yawn—recommence bitchfest As if this tells the entire story of the team and the org. Come on, that's blanket statement thinking and you know it. Edited February 19, 2021 by RagahRagah 2 2 Quote Link to comment Share on other sites More sharing options...
poppysox Posted February 19, 2021 Share Posted February 19, 2021 48 minutes ago, ScooterMcGee said: Exactly what I was thinking lol. And we still have ammo if needed after we see how this is all shaking out. 1 Quote Link to comment Share on other sites More sharing options...
35thstreetswarm Posted February 19, 2021 Share Posted February 19, 2021 58 minutes ago, 35thstreetswarm said: Oh yeah, we have a ridiculous roster. Yawn—recommence bitchfest 7 minutes ago, RagahRagah said: As if this tells the entire story of the team and the org. Come on, that's blanket statement thinking and you know it. Tks Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 19, 2021 Author Share Posted February 19, 2021 15 minutes ago, poppysox said: And we still have ammo if needed after we see how this is all shaking out. We had ammo all winter long, but the bullets stay firmly in the box. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 Rosenthal: The deal that will cost Fernando Tatis Jr. part of his contract Fernando Tatis Jr. will not get the entire $340 million. Taxes will cut into his new 14-year agreement with the Padres, of course. But Tatis also must pay off a previous obligation, a deal he made during the 2017-18 offseason, when he was turning 19 years old and preparing for his first full season at Double A. It was then that Tatis entered into a contract with Big League Advance (BLA), a company that offers select minor leaguers upfront payments in exchange for a percentage of their future earnings in Major League Baseball. Neither Tatis nor BLA has revealed the exact percentage he owes the company. ... If Tatis, 22, chose 10 percent, he would owe the company $34 million over the course of his contract; if he chose 5 percent, the number would be $17 million. He said after signing with BLA that he wanted to hire a personal trainer, eat better food and get a better apartment. He used the money to upgrade not only his training regimen in the U.S., but also his offseason practice field in his native Dominican Republic. https://theathletic.com/2397422/2021/02/18/fernando-tatis-jr-padres-extension-big-league-advance-mlb/?source=dailyemail Quote Link to comment Share on other sites More sharing options...
DoUEvenShift Posted February 19, 2021 Share Posted February 19, 2021 8 minutes ago, caulfield12 said: Rosenthal: The deal that will cost Fernando Tatis Jr. part of his contract Fernando Tatis Jr. will not get the entire $340 million. Taxes will cut into his new 14-year agreement with the Padres, of course. But Tatis also must pay off a previous obligation, a deal he made during the 2017-18 offseason, when he was turning 19 years old and preparing for his first full season at Double A. It was then that Tatis entered into a contract with Big League Advance (BLA), a company that offers select minor leaguers upfront payments in exchange for a percentage of their future earnings in Major League Baseball. Neither Tatis nor BLA has revealed the exact percentage he owes the company. ... If Tatis, 22, chose 10 percent, he would owe the company $34 million over the course of his contract; if he chose 5 percent, the number would be $17 million. He said after signing with BLA that he wanted to hire a personal trainer, eat better food and get a better apartment. He used the money to upgrade not only his training regimen in the U.S., but also his offseason practice field in his native Dominican Republic. https://theathletic.com/2397422/2021/02/18/fernando-tatis-jr-padres-extension-big-league-advance-mlb/?source=dailyemail First time hearing about BLA. Interesting concept and company. Quote Link to comment Share on other sites More sharing options...
ScootsMcGoots Posted February 19, 2021 Share Posted February 19, 2021 (edited) 13 minutes ago, DoUEvenShift said: First time hearing about BLA. Interesting concept and company. Interesting indeed. There's been a lot of sourness regarding MLB essentially owning the minor leagues now, myself included...I wonder though if the minor leaguers will get better treatment as a result, and companies like BLA won't need to exist? Edited February 19, 2021 by ScooterMcGee Quote Link to comment Share on other sites More sharing options...
Rounding_Third Posted February 19, 2021 Share Posted February 19, 2021 31 minutes ago, southsider2k5 said: We had ammo all winter long, but the bullets stay firmly in the box. Agreed but I'm confident the Sox will make a trade(s) when and where needed. RH has the Sox financially well positioned & KW has long established it as a preferred strategy. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted February 19, 2021 Share Posted February 19, 2021 (edited) “When we signed him he wasn’t considered a Top 40 prospect,” Big League Advance CEO Michael Schwimer said about Tatis. “At the time, talking to investors, the amount of money we were offering him was a sizable portion of our bankroll. But we trusted the model (proprietary algorithm forecasting every single minor leaguer’s future MLB earnings.)” Tatis’s father also played professional baseball, tallying over $18 million in career earnings, according to contract data from Spotrac. Considering how difficult it is to make it to MLB from the minor leagues, the risk mitigation can be worth it for some athletes to take the quick money — only about 10% of minor leaguers make the big leagues, according to data from MotherJones. Big League Advance, which was founded by Schwimer in 2016, has investors including mutual-fund manager Bill Miller, former Goldman Sachs GS, +1.53% partner Steven Duncker, former President George W. Bush’s brother Marvin Bush, and Cleveland Browns executive Paul DePodesta (see Moneyball). Big League Advance gave a total of $26 million to 77 baseball players in 2017, including Tatis. https://www.marketwatch.com/story/fernando-tatis-jr-s-340-million-contract-will-be-shared-with-a-firm-that-invested-in-him-as-a-teenager-11613679240 Fwiw, Bill Miller’s Legg Mason Value Trust set the all-time record beating the S&P from 1991-2005, fifteen consecutive years, and made him an investing legend....then crashed so badly in 2007-08 that he basically lost most of his investors and eventually control of LMVTX and LMOPX. The Major League Baseball Players Association, however, made it clear in a January 2016 memo to player agents that it did not approve of BLA. The memo said the union “categorically” did not endorse or approve of BLA and its products and warned the future earnings the company sought from players were “significant.” Edited February 19, 2021 by caulfield12 1 Quote Link to comment Share on other sites More sharing options...
Rounding_Third Posted February 19, 2021 Share Posted February 19, 2021 2 hours ago, CaliSoxFanViaSWside said: Curious to see how much he got. I'm sure you've seen the details by now. I doubt if the Sox would have gone there. Good for him for waiting it out! I think I understand RH's strategy now anyway. If I counted correctly, there are 67 2022 FA SP's for rent; many of which will be available a month into the season and grow. They'll be positioned to get a good one at a decent price. Quote Link to comment Share on other sites More sharing options...
RagahRagah Posted February 19, 2021 Share Posted February 19, 2021 1 hour ago, 35thstreetswarm said: Tks Don't know what tks is supposed to mean but I'm guessing it's not anything to add substance to the blanket statement. 1 Quote Link to comment Share on other sites More sharing options...
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