OT: Baseball player income pooling - Printable Version
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OT: Baseball player income pooling - cctop - 12-06-2019
I didn't realize that most minor league baseball players make about $8000 a season, which sometimes is not even enough to cover their costs.
With the low odds of making the majors and the ridiculous-crazy money only a few players earn, some minor leaguers are signing contracts with each other to pool their potential MLB earnings.
The standard contract is to contribute nothing before $1.6 million of MLB salary, then 10% of everything above that up to a max contribution of $20 million.
I wonder how long it'll be before this filters down to the collegiate level.
Short piece:
https://www.npr.org/2019/10/25/773532516/some-baseball-players-are-entering-income-pooling-agreements-to-fix-imbalance
Longer piece:
https://www.npr.org/2019/10/25/773493342/episode-947-some-of-the-money-ball
RE: OT: Baseball player income pooling - BostonCard - 12-06-2019
It's done all the time in the poker world. Players will take stakes in other players winnings to mitigate risk.
BC
RE: OT: Baseball player income pooling - Mick - 12-06-2019
(12-06-2019, 11:43 AM)cctop Wrote: I didn't realize that most minor league baseball players make about $8000 a season, which sometimes is not even enough to cover their costs.
AAA players make $10k/month during season on average.
AA players make $6k/month during season on average.
High A make $1600 / month, and low A make $1,300 / month. A ball players typically stay with host families to save on overhead costs. They also get $25/day on road trips.
RE: OT: Baseball player income pooling - JJJ - 12-06-2019
Not updated all that much (that I’ve noticed) but this Instagram page can be entertaining sometimes.
https://instagram.com/minorleaguegrinders?igshid=18mgunathk5jd
RE: OT: Baseball player income pooling - BostonCard - 12-06-2019
(12-06-2019, 06:10 PM)JJJ Wrote: Not updated all that much (that I’ve noticed) but this Instagram page can be entertaining sometimes.
https://instagram.com/minorleaguegrinders?igshid=18mgunathk5jd
This was pretty funny:
https://www.instagram.com/p/B4QwefVgPtc/?utm_source=ig_web_copy_link
The worst city in every state.
BC