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Fernando Tatis Jr. will not get the full $ 340 million.
Taxes will reduce his new 14-year deal with the Padres, of course. But Tatis also has to pay off an earlier obligation, a deal he struck during the 2017-18 offseason, as he turned 19 and prepared for his first full season at Double A.
It was at this point that Tatis entered into a contract with Big League Advance (BLA), a company that offers some minor leaguers upfront payments in exchange for a percentage of their future earnings in Major League Baseball. Neither Tatis nor BLA have disclosed the exact percentage he owes the company.
The company’s president and CEO, former major league pitcher Michael Schwimer, told The Athletic in April 2018 that BLA uses a proprietary algorithm to rate every underage player. Players who receive offers can accept a base payout in exchange for 1% of their winnings, with the option to receive larger additional payouts and refund a …
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