Signing Bonus tracker

[JDBrewCrew]

Garcia signed per the Brewers

[narwhalattack]

Say the Brewers offered Crow a $100000 signing bonus along with them paying for college expenses should he decide to attend college later on in case baseball doesn't work out. Would those college expenses count towards the bonus pool?

[And That]

Say the Brewers offered Crow a $100000 signing bonus along with them paying for college expenses should he decide to attend college later on in case baseball doesn't work out. Would those college expenses count towards the bonus pool?

No. I believe they offer full college expenses to all of their draft picks. Not sure how or why it doesn't count against the pool, but it doesn't. Maybe because it's a contingent "bonus"? Or maybe MLB doesn't want to tax education.

[MilwaukeeBeers]

I'm curious what are the ramifications for going over the bonus pool allotment? I know there is no way our FO would allow us to lose our 1st rounder, so are we taxed more heavily?

[Roderick]

I'm curious what are the ramifications for going over the bonus pool allotment? I know there is no way our FO would allow us to lose our 1st rounder, so are we taxed more heavily?

 

 

Maybe this article would help?

 

http://m.brewers.mlb.com/news/article/187910104/brewers-sign-chad-mcclanahan-for-12-million/

[1992casey]

Say the Brewers offered Crow a $100000 signing bonus along with them paying for college expenses should he decide to attend college later on in case baseball doesn't work out. Would those college expenses count towards the bonus pool?

No. I believe they offer full college expenses to all of their draft picks. Not sure how or why it doesn't count against the pool, but it doesn't. Maybe because it's a contingent "bonus"? Or maybe MLB doesn't want to tax education.

I think it's standard operating procedure for all draft picks with all teams. Given that, there'd be no reason to tax when everyone's providing the same benefit. College expenses weren't the part of the system that was inequitable.

 

I read recently that there are some strings attached, something like going full time and in consecutive semesters, I believe.

[MilwaukeeBeers]

I'm curious what are the ramifications for going over the bonus pool allotment? I know there is no way our FO would allow us to lose our 1st rounder, so are we taxed more heavily?

 

 

Maybe this article would help?

 

http://m.brewers.mlb.com/news/article/187910104/brewers-sign-chad-mcclanahan-for-12-million/

Thank you I got a little nervous when it said we went over our bonus pool. This clears it up for me.

[SRB]

At least Ray came in underslot. A number of posters assured everyone that he was not an underslot guy but it turns out he was by almost $300,000. That's the thing, you can pontificate all you want, but fact checking can come back to get you because things actually turn out one way or another. Here, Ray is in fact an underslot guy.

 

Calling him an "underslot guy" is pretty misleading. Unless you are Bryce Harper or Stephen Strasburg, these days virtually all of the top picks get paid well below what the recommended slot value is. So while technically true, "underslot guy" suggests he was a cost-saving reach at #5, which is objectively false.

[Oxy]

Bump, cuz I was asking these questions in this years thread. Thanks to all of you who posted in here last year .

[trwi7]

Random question but does anyone know how much we offered Jemile Weeks back in 2005? I read something a couple years ago but can't find it now that we offered him $750K but that seems like a ton for an 8th round pick.

[reillymcshane]

Random question but does anyone know how much we offered Jemile Weeks back in 2005? I read something a couple years ago but can't find it now that we offered him $750K but that seems like a ton for an 8th round pick.

I don't know what the offer was, but it was over slot in an attempt to lure him away from college. Not sure if he just didn't want to play for Milwaukee, or the money wasn't quite enough, or he just really wanted to go to college.

 

I believe he was seen as a 2nd round pick at the time - but that's just my memory.