tag:blogger.com,1999:blog-23735245.post6649788208562033964..comments2024-02-23T20:49:09.057-08:00Comments on obsessivegiantscompulsive: Your 2016 Giants: Belt Signs Five Year Extension for Total 6 years, $79Mobsessivegiantscompulsivehttp://www.blogger.com/profile/11362706004246875823noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-23735245.post-54913732698565611042016-04-18T16:22:38.282-07:002016-04-18T16:22:38.282-07:00Oh, and thanks!Oh, and thanks!obsessivegiantscompulsivehttps://www.blogger.com/profile/11362706004246875823noreply@blogger.comtag:blogger.com,1999:blog-23735245.post-55184534270607207272016-04-18T16:22:24.765-07:002016-04-18T16:22:24.765-07:00Interesting, did not know that's how bonuses a...Interesting, did not know that's how bonuses are taxed differently, makes a lot of sense.obsessivegiantscompulsivehttps://www.blogger.com/profile/11362706004246875823noreply@blogger.comtag:blogger.com,1999:blog-23735245.post-31422119749230677412016-04-10T19:38:25.966-07:002016-04-10T19:38:25.966-07:00The team gets no benefit, I believe, but the signi...The team gets no benefit, I believe, but the signing bonus may be taxed differently for the player if he isn't for tax purposes a resident of the state where the ream that employs him is located. Belt pays California state taxes on income he gets from the games he plays in California (SF, LA, SD) but his signing bonus is taxed according to the code in whatever state he's a legal resident of (Texas? Has he moved to Arizona?). campanarinoreply@blogger.comtag:blogger.com,1999:blog-23735245.post-64882638804626170732016-04-10T10:18:05.434-07:002016-04-10T10:18:05.434-07:00OGC -
Per your question about signing bonuses: I ...OGC -<br /><br />Per your question about signing bonuses: I wouldn't be surprised if it's simply a player-oriented benefit. You're taking care of your own, and a huge up-front signing bonus (just as in a business/company scenario, common for engineers & well paid upper management) gives the player/employee an immediate financial flexibility to do as they please and decide how they want to upgrade their life (if money can, in fact, do so.. ;). For the company, they take a hit unloading cash assets all at once, but willingly do so to gain the services & loyalty of their employee investment.<br /><br />I think the Giants have shown a penchant for going above and beyond to take care of their players & front office personnel - and this is likely just another instance of that philosophy. It's one of the reasons you can practically be assured the Giants will handsomely reward Madison Bumgarner for his services, even if he's totally fallen off by 2020. <br /><br />For the technicalities, I have seen nothing to indicate a bonus changes anything regarding the CPA and how team salary is calculated per year - since it's an average contract value calculation. Would be interested, just as you are, whether other folks had noticed anything differently (though we'd be seeing teams attempt to game that system already, and I have not seen that with bonuses.)Rainballnoreply@blogger.comtag:blogger.com,1999:blog-23735245.post-50692521473497607582016-04-09T22:36:01.469-07:002016-04-09T22:36:01.469-07:00with the exception of injury, seems like a bargain...with the exception of injury, seems like a bargain for the giants. Who knows where contracts will be going by 2021. He may end up with some re-negotiations. nomisnalahttps://www.blogger.com/profile/08297640472949764321noreply@blogger.com