Steinbrenner: business savvy even in death

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Say what you want about George Steinbrenner, but he was a hell of a businessman. From turning a tiny initial investment in the Yankees into a billion-dollar franchise, to starting his own regional sports network, rarely did the man make a business mistake.  The pattern continued even until his death:

By dying in 2010, the billionaire and long-time
New York Yankees owner’s wealth avoids the federal estate tax, likely
saving his heirs enough money to field an entire team of Alex
Rodriguezes.

Steinbrenner’s
death Tuesday came during an unplanned year-long gap in the estate tax,
the first since it was enacted in 1916. Political wrangling has
stalemated efforts in Congress to replace the tax that expired in 2009.

Because no one really knows his estate plan or the extent of his holdings, it’s hard to tell how much money he saved by going in 2010, but the back-of-the-envelope calculations in the linked article figure that, at a minumum, Big Stein’s heirs have saved $300 million+ by him passing in 2010 instead of 2009 or 2011.

Suggestion: whatever big free agent the Yankees sign this winter be given the nickname “tax break” or “death tax” or something like that.

Gary Sanchez hits 20th homer, ties 86-year-old record

NEW YORK, NY - AUGUST 26: Gary Sanchez #24 of the New York Yankees rounds first base on a 2-RBI double during the second inning against the Baltimore Orioles at Yankee Stadium on August 26, 2016 in the Bronx borough of New York City. (Photo by Adam Hunger/Getty Images)
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Yankees catcher Gary Sanchez blasted a two-run home run off of Red Sox starter David Price in the bottom of the first inning of Tuesday night’s game. It’s his 20th homer of the season, tying a record held by Wally Berger for the fastest to 20 homers, per MLB.com’s Bryan Hoch. Both did so in 51 career games. Berger did so with the Boston Braves in 1930.

Sanchez came into Tuesday’s game hitting a ridiculous .315/.388/.690 with 19 home runs and 40 RBI in 209 plate appearances. He’s a big reason why the Yankees are still in contention for the American League Wild Card despite selling at the trade deadline.

Video: Sen. Marco Rubio pays his respects to Jose Fernandez

MIAMI, FL - AUGUST 29:  Florida Sen. Marco Rubio (R-FL) is seen as he stops to thank volunteers at a phone bank on the final day before the Florida primary election on August 29, 2016 in Miami, Florida. Rubio is facing off against Carlos Beruff for the Republican primary.  (Photo by Joe Raedle/Getty Images)
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Senator Marco Rubio (R-FL) paid tribute to late Marlins pitcher Jose Fernandez by recounting his life story and explaining the impact the right-hander had on his family, his community, and baseball fans.

No matter your politics, we can all recognize Rubio’s tribute to Fernandez as heartfelt and true.