Can I Retire Off My MLB Signing Bonus?
HTML-код
- Опубликовано: 22 авг 2019
- Can I Retire Off My MLB Signing Bonus?
CHECK OUT OUR ELITE HITTING AND FIELDING COURSES!
Click the link below to check out our new course explaining our step-by-step system to BUILDING THE ELITE SWING and over 30 drills!
antonellibaseball.mykajabi.co...
Click the link below to check out our new infield course explaining our step-by-step system to BUILDING AN ELITE INFIELDER and over 50 fielding drills!
antonellibaseball.mykajabi.co...
Support our page by clicking the link below:
/ antonellibaseball
Antonelli Baseball is the #1 online resource for baseball instruction. If you would like to work with Matt Antonelli, or an Antonelli Baseball staff member, email him at matt@antonellibaseball.com
Follow Us Online!
Instagram: / antonellibaseball
Like Me on Facebook: / antonellibaseball
Check out our website: www.antonellibaseball.com 
Спорт
![CENTRAL CEE - GEN Z LUV [VERTICAL VIDEO]](http://i.ytimg.com/vi/VIbidJm9q34/mqdefault.jpg)
Just checked, the 2019 #17 pick Jackson Rutledge, signed for $3.45M, with the Nationals!
I’d say you need $10M after taxes for instant retirement assuming you just hold and collect interest payments
Drama I agree that’s not that much in today’s world, but these guys are pretty smart. I’m a huge Dbacks fan and Archie Bradley and jake lamb live together in Phoenix, for years. The house can’t be over 500k. They make millions but are smart with it. After all, most baseball players are very well educated. Baseball isn’t a stupid mans game.
@Drama anyone could, you can buy a 75 million dollar house......no one should......but you can
@@tomw485 most late first rounders, top 5 you will see at some point if they dont get hurt or fizzle out
Obmot58 P in theory this should work but in states like CA this becomes less likely due to high income taxes, property taxes, cost of living and the price of homes. Also, as someone who is familiar with renting in CA, i can say that it is not “passive income.” Rent is soaring high which leads to scams, bad tenants or people abusing landlords ( i know someone who had rented to a family to later find out 26 people were living in a 2200 sq ft home- and it was trashed)
I have to chuckle. While I was NOT drafted, I did play 1 year of professional baseball about 50 years ago. I had no agent--most of us didn't. In fact, I never knew of any player from my era that did have an agent. As for a signing bonus, the scout that signed me paid for my dinner after a non-professional game in which I played. And let me give you a clue: the restaurant had golden arches. The year I played, five of us shared an apartment. All of us had to have another job just to make expenses. AND the bosses at these jobs had to be REALLY understanding due to the schedule of games meant you sometimes would be gone for two or three days at a time. Do I regret playing? Not at all. It is still one of my fondest memories of my earlier years.
very intesresting
Dodgers?
@@cougarhunter33 No, Pirates organization.
You might be on baseballreference
Did u get to play any legends
Thanks for answering questions that we've all wanted to know but nobody wants to answer!
A good friend of my fathers was drafted in the 2nd round by the Cincinnati Reds and received a whopping 35K, which was fairly good for the time. He’s still working at 60, enough said.
Leo Cardenas was a 6 time all star shortstop who played for the Reds back in the 1960’s. The last I heard, he was working in a gas station in Oxford, Ohio.
@@georgesouthwick7000 That's sad if that's the case. He's a nice guy. I've met him a few times at card shows that he still does. Hopefully that supplements his income pretty well.
Appreciate this guy's candor. He got to live everyone's dream of playing in the show, but even then it's not a cake walk. Glad he can still make a great career out of baseball.
I gotta know; when a ball player retires, especially a well known one, does the opposing pitcher serve up a hittable pitch on that player's last at bat? I would love to see a video explaining that!
Maybe you'll be 85 years old, coaching with an mlb team getting face planted by a future Hall of Fame starting pitcher. Life goals Matt!
Is this a Pedro Martinez reference? Or just a coincidence? Lol
@@skyrise4996 lmao that's way too specific to be a coincidence.
Great video. Very interesting. Thanks for your honesty and full disclosure.
Matt I love your videos, I coach a great group of 12U travel players here in Chicago and I always talk or show them your videos...
Thanks for this video bro. I've wondered that about many different players before. Thank you for fleshing it out for us. God bless.
Matt, I think you would be really good as a network color commentator.
Thanks for sheddin light on the real life of an athlete!! To many people think that just because you played a pro sport, your livin on easy street.
As always your honesty and sincerity is appreciated.
It is good of you to pass this valuable information down to the young players.
Keep doing what you're doing Matt.
Can you talk about the benefits you receive now, such as health care, pension etc etc..
Lol zero
Yeah dude.. I don't think there's any pension from sports lol. Basically in sports you play until you decide to retire from the sport then your checks stop coming.
Sky Rise MLB, NHL, NFL and NBA all have player pensions.
Some players who sign big contracts also defer money to many decades after the expiration of the contract. I know ARod, Trout, Harper, guys like that have millions in deferred money that they won't receive until much later from contracts that they signed while they were young. This helps to insure that they have money coming in when they are older. I am aware of pensions in the major sports leagues but I think you have to have a certain amount of years played at the major league level before you are vested into that pension program. Organizations probably have group plans that players can opt into when they are active just like most large businesses that offer health insurance. Once you're done playing I think your health insurance is up to you at that point.
Edit: I just found an article that says players today receive lifetime health benefits after one day in the major leagues and are pension eligible after 43 days of service time. www.post-gazette.com/business/career-workplace/2017/09/06/mlb-pension-players-union-mlbpa-retirement-benefits-chip-lang-montreal-expos-doug-gladstone-baseball/stories/201708310054
@@skyrise4996 Except one guy from the Mets or Yankees who gets $1million per year for life, as his contract says. I forget his name.
I appreciate the honesty, and i've been curious about some of these incentive bonuses and such. Now I see that once you start something in a professional sport, you wind up making it a life career.
Would you consider doing a video on what happens right after the season ends. Going from a very controlled schedule to being home with more free time.
Ya Matt, we were all young and dumb at sometime. My baseball talent couldn't even get me off the bench in 10th grade more less get to MLB. But I remember buying stupid things when I was in the Air Force and that is not even close to someone getting drafted. Today I'm debt free and I plan to stay that way.
You're not the only one who's made mistakes, but they're the only things that you can truly call your own. Billy Joel
I hope every person drafted from here on out in any sport watches this. Thanks for sharing.
I have your baseball card. Is their any way to send it off to you so I can have it signed and I can frame it with my others.
Break It Open Sports I remember him saying he would sign stuff if you can get it to him
Send a return envelope with postage
Send it to me I’ll sign it for you
@@blacjackdaniels200 lmao. . .
Lol leave him be you can buy a auto of his for 10 bucks or less easily
I think this vid helps more then just athlete prospects, but everybody Antonelli.
Really appreciate your transparency man.
Would you ever consider coaching in affiliated ball? Minor leagues or something?
Nicholas Bean I think he once said that he got offers but wasn't interested
@@lucasborja3797 I think one of them was AAA 😩
He is probably making more money than he can make as a coach. And no schedules
blinkguy4ever As a small youtuber? Lol no. He’s probably just set for life. He said he made smart investments and made good profit so he probably is fine work or not.
@@carryeveryday910 nop.. his business
The skill set you need to get a big signing bonus is not the same as the skill set you need to make your signing bonus stretch. Not every player majored in Econ at Stanford made their college team as a walk on and then still reached the Hall of Fame.
I mean Mike Mussina did that. But he's the exception.
Thanks for making this video. I always hate when people ask that but it proves how many people don’t understand the money side.
Great video. It’s amazing what kids aren’t taught in schools. Depending on your lifestyle, you will need well north of $1M. Interest rates being as low as they have been. If you are getting 5% ROI you would only be getting $50,000. AND THAT GETS TAXED. So good message to all out there.
What a candid segment. Thanks!
Great videos...……… great information... you can tell your a pretty smart guy...…… great job passing along this information...…...
Matt you are like the average Joe that make it to the big leagues i love your videos 🖒
So open and well expressed. Very interesting clips.
St.johns preps finest! Along with Larry day! Played ball for snhu and northshore league
Was talking to Bubba Starling he said when he signed his bonus ($7.5) he bought some hunting gear and that was it
Good for him. I'm from the same area as him and a Royals fan. Still rooting for him.
@@padraig5335 this obvious card nerd made this big art project with Bubbas picture where he was drafted etc he walks up while we are talking says "can you sign this, with the date of the draft and like 3 other request" Bubba turns looks at it and with the straightest face just says "ah no"
Best idea he had, because his career has been a disaster. Royals experimenting with him in the big leagues is about to come to an end. 7.5 not very well spent by the team I love.
@@bhollingsworth he is 26 you putting him out to pasture because he got paid and you got cut from JV ?
@@bhollingsworth I remember arguing that Bubba Starling should be taken first overall, yup I'm smart
In 1986, I joined the Army for 4 years I got 6K bonus, and I bought a used Ford Escort. It all turned out well, I did 20 years in the Army and retired in 06, as an E-7.
Bro this is an excellent channel man. Thank you.
Great information, Matt. Thanks.
this is an awesome video. i love his perspective.
Matt, can you make a video about the retirement process in professional baseball?
He just did
I don’t even watch baseball,but this is a underrated channel. Great insight, good job!
Thank you for this very informative video.
Great video Matt, thanks!
Glad to hear you invested some of it. Given your age at the time and with the time value of money, you should be golden. Props for that.
Thank you for the video.
What was the experience of playing high school ball and getting recruited? And how was the college athlete life like? What would you have done different knowing what you know now?
My son played three years of college football (two years FBS and one year FCS). In spite of only playing two seasons with one team and a single season with another, he established what has turned out to be lifelong friends - some even played or still play in the NFL. Is the camaraderie in professional baseball similar? Did you make close friends who remain close?
Amazing video, thanks Matt
Glad you liked it!
Love your channel man
Matt do you still keep in contact with your agent? Does he help with anything these days?
Def a good question
Interesting question
Why would he need an agent?
Great info Matt, thanks for sharing. Helps with perspective on cost of living. Life ain't cheap, especially if you have a family. And good advice for investing. That applies to everybody. Make sure you're saving a lot of money every month. It's hard to save $1M even if you have 40 years ahead of you.
one of your best videos
Depends on where your living as well. Cost of living in Massachusetts compared to Texas is about 1/2.
Isn’t it double?
Ryan Johnson no it’s not
@@r3d5ive87 Sorry that's what I meant.
@@jacksonthorne2666 I misspoke.
Thanks for sharing. It was informative. So how many thousand miles did you get out of your Jaguar before you sold it? Shawn R., Mo-Mutt Music/Sacred & Secular (and sports fan)
I love this channel so much. And to think A Rod was blessed with the big money 😡
Awesome video.
This is fascinating... Thank you for mentoring ... By making this video!
Hindsight is 20/20. It’s just a blessing you got paid well to play a game. I work at Best Buy and I hate it. I could’ve made the bigs too but I hurt my shoulder. I was the star third baseman for Polk High back in the day.
Did you know a guy by the name of Al Bundy? I think he played football.
Nah he got paid poorly to play the game but he got paid well to be drafted
Good wisdom!
Hey Matt, have you ever seen your jersey on sale anywhere? If so, where? Keep up the great work btw!
Hey I remember you when you played for the padres👍
My question concerns an MLB pension.
What are the qualifications for a pension?
Do you receive a partial pension?
How much is a partial vs. a full pension?
Have you ever considered interviewing for a minor league/major league coaching job?
2022 #17 pick got 3.75 million
sucks it was a california team that's a ton of extra money in state taxes.
thanks for posting.
Great perspective on how youngsters get millions at a young age and file for bankruptcy by 30. Sad but true story. Thanks for answering the personal question many have been wondering. Glad you have a great work ethic snd desire to take care of your fsmily.
And it's not just a young guy phenomenon. I graduated law school at 34 and bought a Rolex. Dumb, dumb thing. But it was a sense of hey, I earned it. But definitely not a Jaguar. But ibwould have done same thing. Lesson learned I am sure. But like many people, you more than likely were thinking about potential earnings.
Great video.
@captain_ahab thanks captain pimp
Every boy should watch this video to get a better sense on how money management is truly an important life-skill to be learned and mastered. I personally applaud Matt for discussing the money side to baseball.
My cousin was drafted in 2017 and signed for 750K. He went in the 11th round to the D Backs but they gave him a solid offer to give him incentive not to go play at South Carolina. 20 years old now in his second year and playing A for the Kane County Cougars.
The Kane County Cougars serve as the Class A affiliate of the Chicago Cubs. Not the D'Backs... So... uh... what?
Richard Glenn no, they’re affiliated with the diamondbacks, it used to be the cubs until 2014
@@captainobvious8264 You're right. I looked it up and the first link was old. It still said Cubs here baseball.fandom.com/wiki/Kane_County_Cougars
Then I saw on a more current link that they stopped the Cubs affiliation after 2014.
His name is Blaze Alexander and it’s definitely the D Backs affiliate. I see that you looked it up though. Kids good, has a shot at the bigs.
He is the SS for the cougars right ? We go to a few games a year and that name stands out, I think my daughter has his autograph. Good hitter, and good defense out of him. You are right he has a legitimate shot.
Yes if you put it all into dividend and index stocks
Did you happen to play with my friend Ray Garramone, he was drafted by the Padres as well in 2006?
JAGUAR NOOOOOOO haha I can only imagine what the breakdowns have cost you
What’s your take on Nathan Patterson getting signed by the A’s pretty much just off throwing 96 at a booth?
First minor league appearance he strikes out the side, which is amazing however, we will see how good he is when there are better scouting reports and hitters see him for a 2nd and 3rd time. Hope he has great success.
Nice video Matt. Wondering did you pay cash for your house? Pay it all off in one lump sum?
1.6M isn't much especially after taxes but still the smartest thing you could've done was, with you 900k work it up to 1M and then put it into a mutual fund or something where you collect 5% interest a year. That's 50k/year and whatever you don't use REINVEST back into the fund. That's how I would retire with 1M.
This. You can live on 50k pretty easy, but let's say you get a job and work for even 5 years...maybe you make only 50k a year at your job spend none of it, you now have $200k you can buy a pretty nice house, in CASH, and owe nothing on it but the taxes. Now your $50k a year interest off the mutual fund is only needs to cover food/water/lights and the property taxes, the rest is all just spending money. Having a paid-for house is the key to easy, comfortable retirement.
Yeah this is a preety safe idea, OR you could invest in stocks if you know what you're doing and make 10x that! Your solution is preety good tho
@@lucasborja3797 mutual funds are stocks. Going straight stocks is reckless, might as well just go to vegas and put it all on red. Index funds are low fee and as close to guaranteed returns as you can get. 99% of fund managers cant beat the market. I'm not a fund manager. I'll take the index and beat 99% of the fund managers.
Thanks Wolf of wallstreet
@@penguin12902 quick question how do you not spend any of the money you earn ? Do you live free ? Do you not eat ? Are you naked ? Dude STFU you look foolish
Good Luck.
I never signed a signing bonus or anything. But I knew 1 person who made it to AAA (I think) for one year. He lived with his parents during the off season and did odd jobs. For his birthday he asked for food gift cards so he didn’t spend cash during the season on food lol. This is funny to hear bc I always thought back then like “man this guy is cheap” but honestly he was really smart.
I have a few questions that would be great if they got answered. 1. How do you become eligible to be drafted by an MLB team? 2. Do u need to have a visa to play in the MLB or minor leagues? I am Canadian by the way if u can factor that into the answers of these questions
Dividend Investing. 5% dividends from 1.75 million is $87,500/year.
Matt was in the same draft class as Clayton Kershaw, Max Scherzer, and Tim Lincecum. Thats so dopeeee
When you get signing bonus what are you obligated to do?
Does the players union have any retirement benefits?
What is your take on visitor's bullpen on the field ?
Hey Matt, why don't you try and play again and come play in Japan. You could probably still do it.
Yup Matt Antonelli we know it’s you, just watched the intro 😂🤣 second time
Addley rustchman 8 mil signing bonus and I work for the team that played his team got to meet him
If you spend it wisely you can
When i get drafted ill use your tips
Update?
Do you have aspirations to become a MLB coach? Have you had opportunities to coach in A or AA levels?
Rob Willey great Q
What is club fees? And do you get mike money AKA Lunch money in A, AA,AAA. Last time I checked it 250 a day in MLB season
Yes you get per diem in the minors, just like in the majors. Although like in the majors, it's only when you are on the road and not everyday. Pre game/post game meals are also provided
Did you play in enough major league games to qualify for the minimum pension amount when you turn 50?
Probably one of the wisest things you did was buy a house. Where I live a average house is a million bucks and we are not talking about some Beverly Hills area. Just a small town near a big city. Real estate has and continues to be the best investment.
He could have bought 3 houses in the midwest and then rented then out.
Wondering if you could have defferred the entire 1.6 into an annuity and collected monthly at say age 50.
2006 bonus 2008 cut inhalf if invested in regular stocks or loose all in some bonds
The market did crash, but it's back to all time highs now. Just part of the normal cycle. Only fools pull their money from the market when things dip.
ahhh damn :( that's too much gone in taxes
its like almost 50% yikes
@@tomw485 Right on! If these young voters only knew what they were voting for.
Obmot58 P that’s not how it works. www.investopedia.com/terms/m/marginaltaxrate.asp
@@tomw485 that's not how taxes work you moron
Obmot58 P He doesn’t want that. That is a lie. He has never proposed that. He has stated 50% would be reasonable. There is no such “tax plan”. You are lying.
@@tomw485 thats not how that goes at all. thats why there are tax brackets
Great video Matt. Where u able to pay for ur house with ur signing bonus or just a down payment
Pay for the house
what about retirement money how much players get from that fund
MLB players must play 43 days in the majors to earn a minimum $34,000 annual pension plan. Just one day in the majors gets them lifetime healthcare coverage. After 10 years in the big leagues, benefits grow to $100,000 annually.
that's a good question. I hope he answers it, but make an appt. with the office that deals with this. They will answer your questions. Im sure it's an eye opener
If you ever do decide you want to retire young, just holler at Bobby Bonilla’s agent to get you a short contract with whichever team. If it’s anything like Bobby’s, your family would be set for generations! lol. It’s just amazing how much he’s getting paid/will get paid. I wouldn’t be surprised if the agent is set for life after that one.
I've mentioned this before. Your videos would be much better if you would simply eliminate the reflections that show up in your background. Your viewers can see your windows reflected in your jersey frames.
Let’s go padres!
I had this conversation with a co-worker 20 years ago: can you retire off a million dollars? Back then T-Bills were paying 5% I think. I said yes because that would be $50K a year. He said no. Mind you, he was making $25K a year at that time. His argument was that $1M would not be worth $1M in 20 years. I guess he was just learning about NPV. I told him that he did not have to spend $50K year. He only makes half of that now. Spend half and invest the rest. He stuck to his argument.
What's the qualifications to get the pension mlb offers?
I saw on a Braves game the other night that you have to have 10 years MLB service. Then the pension was around 100K/ year. If you can get 10 year in you should be in pretty good shape for life.
@@MrOldrock1 That is 'full' pension there are other milestones to get partial pensions etc which is still pretty good money...the baseball union is extremely strong and has worked out great deals
A radio personality in Cincinnati who played for the Reds said 5 years you get partial retirement.
Should’ve purchased a F-150. (I work for Ford) lol.
Come on Matt! It's time to start talking about some of that money! If I was in the minors I'd probably just buy a van and live out of there. Do guys ever talk about investments and money in the clubhouse?
Into what did you invest your money?
After the "Jag" and the house , where did you invest that last fifty bucks ?...