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- But because he’s a client of Big League Advantage, an investment firm that on average gives minor league players an upfront payment of $350,000 in exchange for 8% of their future Major League Baseball earnings, if De La Cruz does earn hundreds of millions of dollars in the majors, then he’ll likely owe BLA tens of millions of dollars.
www.msnbc.com › opinion › msnbc-opinionCincinnati Reds rookie Elly De La Cruz may regret this contract
Jun 18, 2023 · De La Cruz, who made a throw to first clocked at 96 mph, could go down as one of the best shortstops to ever play the game and earn hundreds of millions of dollars over the course of his...
- MSNBC Columnist
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Jun 9, 2023 · To date, De La Cruz has pocketed just his $65,000 signing bonus, minor league salary and game checks for three games played. This morning, we spoke to BLA’s president and CEO Michael Schwimmer, a former baseball player who founded the company in 2016.
Jun 14, 2023 · Let's say De La Cruz continues his hot start and scores a contract worth $250 million. He'll owe 37% in federal income taxes, bringing his salary down to $157.5 million.
The 8% that BLA will get from that deal is now worth $27.2 million thanks to the $340 million contract he signed with the San Diego Padres. According to Pompliano, that money is enough to cover all of the investments they’ve already made in athletes.
Aug 8, 2024 · Elly De La Cruz is currently under contract with Big League Advantage (BLA), an investment firm. BLA provides upfront payments to minor league players in exchange for a percentage of their future MLB earnings. The exact length of De La Cruz’s contract with BLA is not specified.
Sep 5, 2023 · According to published reports, Dexter signed a four-year, $6.72 million contract with the Bears on June 16, meaning he would owe BLA about $1 million over the lifetime of that deal.
Reds top prospect Elly de la Cruz will pay 10% of his career salary earnings due to an agreement he signed with Big League Advantage (BLA), a company that loans money to athletes in exchange of a percentage of his salary earnings if he reaches a major league in their sport.
