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Joined: Jan 2013
Fascinating choice by the kid. It makes perfect sense when you look at what he'd be making in the minors and how long it would realistically take him to make the majors (and what he'd be paid once he was there). He'll make more money on this deal--and reach MLB free agency sooner--than if he went to the minors. (Assuming he succeeds in Japan, of course. Which, as the article points out, is a big assumption.) But at least in terms of the next 6 years of his life, he'll make about $3M more over there than he would here. If he does well over there and he gets a big MLB payday at 25, then MLB has a real problem on its hands in terms of how much it pays its draft picks, as more kids might decide to take the leap and commit to 6 years in Japan. If he flames out there and fails to develop, then heck, he might have done the same thing here, and at least now he has $3M more in his pocket (and more, really, if he'd gone the minor league route and never made the majors--that $3M figure is assuming he makes the show).
Childress had a slightly different situation--he was drafted by the Atlanta Hawks and played 4 seasons there on a $11M rookie deal. Instead of taking a 5 year, $33M deal from the Hawks to resign, he went to Greece, signing a 3-year deal worth $20M after taxes (which reportedly was equivalent to about $32.5M had he signed in the U.S., so he was set to make that Atlanta contract money in basically 3 years instead of 5). He also got a personal shoe deal because his Greek team had a Nike sponsorship, and he was a bigger face than the other players. Not a brobdingnagian shoe deal, I'd bet, but more than he'd have gotten here. Then his NBA rights got acquired by the Suns, and he came back to the NBA for four more years after signing basically the same deal he'd rejected two years before (a 5-year, $33.5M deal with Phoenix). He's spent the last 5 seasons mostly playing abroad, but now he plays in Ice Cube's 3x3 league, Big3.
Similar, though, in that he was faced with a situation where he'd make more money overseas than he'd make here, so he went for it. As I understand it, he was generally pretty careful with his money, so he should be in pretty good shape. (He's given some interviews about how ballplayers go broke, and how they don't understand how much money taxes, agent fees, etc. take out of your check, and he was glad that he mostly didn't follow that same path.)