What’s Your Signing Bonus Number?

What’s Your Signing Bonus Number?

The reality is: everyone has a different "number," and there is a lot of work that should go into it. The guidelines for helping an amateur player determine their "number" varies widely. Generally, top prospects look to their sports advisors to help them determine...

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Negotiating Your Signing Bonus Payment Structure

Negotiating Your Signing Bonus Payment Structure

Are you familiar with how a signing bonus is paid out? Historically, teams have split the gross amount into two equal payments over two years.  It is a common misperception that the 50/50 payment structure is the only option. Not only is this false, for the majority...

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How To Increase Your Next Paycheck

How To Increase Your Next Paycheck

April 30th marked the first full paycheck players received. Were you surprised by the amount you received? Do you feel like your team is withholding too much in taxes? When you have too much money withheld from your paychecks, you end up giving the government an...

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Will Your Signing Bonus Be Enough?

Will Your Signing Bonus Be Enough?

It is hard to be concerned about what will happen 20 to 30 years in the future while you are focused on performing at the highest level on the field today. Especially, when you will just be starting your career! However, it’s actually the best time because you still...

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2016 MLB Vanguard 401(k)

2016 MLB Vanguard 401(k)

For major league players with a full year of service in 2016, club ownership is required to contribute $40,000 to their Vanguard 401(k) account. This works out to $10,000 for every 43 days of service. If a player receives a full year of service, they are limited to a...

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Certified Equals Qualified

Nice suits and grey hair are not the prerequisite for a qualified expert. Contrary to conventional wisdom, the biggest risk that you face isn't the volatility of the stock market, it's bad financial advice from unqualified advisors. One of the most common mistakes...

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How To Save A Ton Of Money On Taxes This Season

How To Save A Ton Of Money On Taxes This Season

When you miss a business expense, you are forcing yourself to pay more in taxes. One of the most important ways to save a ton of money on taxes is to properly track your business expenses this upcoming season. Your accountant’s ability to prepare your returns is only...

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The Weekly Wrap – 11.20.15

The Weekly Wrap – 11.20.15

Good Afternoon! Here is your weekly dose of “The Weekly Wrap,” a list of what I’m enjoying or pondering: Investment article I enjoyed the most this week – All of us have assumptions about our investment portfolios and overall financial life. A short post by Ben...

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Benefits of the 40 Man Roster

Benefits of the 40 Man Roster

By 11:59 pm ET today All 30 teams have to declare which players will be added to their 40-man roster. Players first signed at age 18 must be added to 40-man rosters within five seasons or they become eligible to be drafted by other organizations through the Rule 5...

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Professional Athlete Retirement Options

You may not think that athletes earning millions of dollars would have to worry about outliving their retirement savings. But the reality is that a professional athlete’s retirement could last 30 years or more, so the savings needed to fund that period is far greater...

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