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
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.
On September 20, 2015, Zach Britton blew a save against the Rays. Little did he know that he wouldn’t blow another save until August 23, 2017, converting 60 consecutive save opportunities.
Britton took the mound with a 7-5 lead in the top of the ninth inning of Wednesday afternoon’s game against the Athletics. He yielded a single to Jed Lowrie, a double to Boog Powell, an RBI single to Marcus Semien, and a sacrifice fly to Matt Joyce to allow the A’s to close the two-run deficit. In the next at-bat, he uncorked a wild pitch and then walked Khris Davis before being removed from the game. Miguel Castro relieved Britton, but walked Ryon Healy on four pitches to load the bases. Castro wriggled out of the jam by getting Matt Olson to pop up and striking out Matt Chapman, stranding two of Britton’s runners.
Britton entered Wednesday’s action 11-for-11 in save chances on the season with a 2.88 ERA and a 19/12 K/BB ratio in 25 innings. He missed two months earlier this season with a strained left forearm.
710 WOR’s Wayne Randazzo reports that Mets starter Noah Syndergaard‘s bullpen session has been pushed back a day or two. According to manager Terry Collins, it’s just a precaution. But, given the Mets’ history with injuries turning out to be much worse than expected, this is a bit concerning.
Syndergaard, 24, has been on the disabled list since the beginning of May with a partial tear of his right lat muscle. Prior to his April 30 start in which he suffered the lat injury, Syndergaard refused to undergo an MRI for his sore biceps.
In his five starts before the injury, Syndergaard gave up 14 runs (10 earned) on 28 hits and two walks with 32 strikeouts in 27 1/3 innings.