Tampa Bay Rays v New York Yankees

The tax man is probably going to come to the fan who caught Jeter’s 3,000th hit

25 Comments

You’ll recall that Christian Lopez, in exchange for giving Jeter back his 3,000th hit ball, got signed baseballs, bats, jerseys and, most significantly, Legends Suite tickets to the Yankees’ remaining home games and any playoff games this year. And that he did that instead of, you know, keeping the baseball, giving it to an auction house and then pocketing six figures for it.

Well, the New York Times broke out the calculator and talked to some tax experts in an effort to figure out how much that decision — as opposed to merely auctioning the thing off — might cost Mr. Lopez:

The tickets to the 32 remaining home games (after Sunday) have a combined face value of $44,800 to $73,600, according to the team’s Web site. The tickets could be worth a lot more if the Yankees play deep into October. Steven Bandini, a tax partner at the accounting firm Zapken & Loeb, said that if the items were valued modestly at $50,000, they would probably carry a tax burden of about $14,000.

Another tax guy the Times spoke to believed that these things could be characterized as gifts instead of prizes, in which case he wouldn’t have to pay taxes on them.  I’d certainly argue for that if I were Lopez, but if that doesn’t fly, he is at least thinking about how to deal with the taxes:

Mr. Lopez said if he had to pay taxes, he hoped he could borrow from his parents rather than sell his memorabilia.

That sound you hear is me repeatedly smacking my palm to my head. A little bit of it is also my heart breaking for this kid, but it’s mostly face-palming.

There is a suggestion toward the end of the article that the Yankees could perhaps step up and pay Lopez’s tax liabilities here. I’m not sure if that, in and of itself, would be taxable, so if you know accountants and/or tax lawyers, please chime in.

That’s all I got right now. If you need me, I’ll be busy contemplating the fungibility of cash, and wondering why more people don’t quite get this.

Braves ink Blaine Boyer to a minor league deal

DENVER, CO - OCTOBER 2:  Relief pitcher Blaine Boyer #48 of the Milwaukee Brewers delivers to home plate during the seventh inning against the Colorado Rockies at Coors Field on October 2, 2016 in Denver, Colorado. (Photo by Justin Edmonds/Getty Images)
Justin Edmonds/Getty Images
1 Comment

The Braves have signed reliever Blaine Boyer to a minor league contract with an invitation to spring training, MLB.com’s Mark Bowman reports. Bowman adds that the right-hander has a “good chance” to make the Braves’ bullpen out of spring training.

Boyer, 35, spent the past season with the Brewers, finishing with a 3.95 ERA and a 26/17 K/BB ratio in 66 innings.

Boyer, of course, started his professional baseball career with the Braves as they selected him in the third round of the 2000 draft. Since the Braves traded him in 2009, Boyer has pitched for the Cardinals, Diamondbacks, Mets, Padres, and Twins along with the Brewers.

Report: Rays nearing a deal with Shawn Tolleson

ST. LOUIS, MO - JUNE 18: Reliever Shawn Tolleson #37 of the Texas Rangers pitches against the St. Louis Cardinals in the eighth inning at Busch Stadium on June 18, 2016 in St. Louis, Missouri.  (Photo by Dilip Vishwanat/Getty Images)
Dilip Vishwanat/Getty Images
Leave a comment

Update (6:48 PM EST): Topkin reports the contract will be of the major league variety.

*

Marc Topkin of the Tampa Bay Times reports that the Rays and free agent reliever Shawn Tolleson are close to finalizing a contract.

Tolleson, who turns 29 years old on Thursday, had an ugly 2016 season, finishing with a 7.68 ERA and a 29/10 K/BB ratio in 36 1/3 innings. He was one of the Rangers’ best relievers in the two seasons prior to that, however, which included saving 35 games in 2015.