The rich are not like you and me

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Between their multiple businesses, homes, charitable initiatives and executive income, the McCourts’ finances seem outrageously complicated. I mean, it must me murder to do their taxes.  Oh wait . . .

The McCourts, who own the Los Angeles Dodgers (so she says; he says
he’s the owner and she’s not), jointly pocketed income totaling $108
million from 2004 through 2009, according to documents Jamie McCourt
recently filed in the couple’s divorce case in Los Angeles County
Superior Court.

On that sum, they paid zero federal and state income tax. Jamie suggests that some tax breaks will apply this year too.

The reasons why this is so are set forth in the article, but they can be summed up as “that tax code that the rich people are always complaining about actually treats rich people really, really well.”

MLBPA agrees to extend deadline for new posting agreement between MLB, NPB

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Update (7:00 PM ET): The MLBPA announces that the deadline has been extended 24 hours while MLB and NPB continue to negotiate a new agreement for the posting system. The new deadline is 8 PM ET on Tuesday.

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Last Thursday, we learned that the MLBPA was challenging the Nippon Professional Baseball posting system, delaying Japanese superstar Shohei Ohtani’s move to Major League Baseball. The latest collective bargaining agreement removed a lot of the incentive for players to come to the U.S. by capping pay. Ohtani, for example, can only receive a signing bonus between $300,000 and $3.53 million while his team — the Nippon Ham Fighters — would receive $20 million for posting him.

Jon Morosi reports that the deadline for this issue to be resolved is 8 PM ET on Monday evening. He notes that key NPB officials have worked through the night in Japan to try to reach a resolution. It is possible that even if no agreement is reached, the deadline could be pushed further back.

Ohtani, 23, has become a heralded hitter and pitcher in Japan. At the plate over his five-year career, he has compiled a .286/.358/.500 triple-slash line with 48 home runs and 166 RBI in 1,170 plate appearances. On the mound, he has a 2.52 ERA with a 624/200 K/BB ratio across 543 innings.