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Thread: Why you don't pass up 6.25 million

      
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    PittFaninVa's Avatar
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    Default Why you don't pass up 6.25 million

    I did some crude calculations on Taillons bonus and came up with the following numbers. I know about the taxes and agents cuts but 6.25 mil @ 4.0% interest compounded daily is.....

    $684.00 a day interest

    $21,254.00 a month

    $255,053.00 a year in interest

    for a HS kid???!!!!....one would have to be crazy to pass that kind of money up.

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    Default Re: Why you don't pass up 6.25 million

    Quote Originally Posted by PittFaninVa View Post
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    I did some crude calculations on Taillons bonus and came up with the following numbers. I know about the taxes and agents cuts but 6.25 mil @ 4.0% interest compounded daily is.....

    $684.00 a day interest

    $21,254.00 a month

    $255,053.00 a year in interest

    for a HS kid???!!!!....one would have to be crazy to pass that kind of money up.
    Consider that because he stayed with a minor league contract he'll get his whole bonus paid immediately (well you know what I mean)...even after agent cuts and taxes he'll make like 175K a year in just straight interest which even combined with the peanuts he'll be paid to play in the minors is easy to live on.
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