Tampa Bay Rays v New York Yankees

Miller High Life offers to pay Christian Lopez’s tax bill

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We passed along word yesterday that Christian “I caught Jeter’s 3000th” Lopez will probably have to pay a five-figure tax bill on all of the merch the Yankees gave him in exchange for the home run ball.  But don’t worry, Christian! Darren Rovell of CNBC reports that help is on the way!

Miller High Life, which recently had a campaign to make its beer the official beer of fans, has offered to cover the bill—which could be more than $10,000—for Lopez, who said he has about $100,000 in student loan debt as well.

Now listen to me closely, Christian: take the cash if it’s being offered. Do not settle for $10K worth of the Champagne of Beers. For two reasons, really. One because, like, it’s Miller High Life. But two, because you’d then have to pay tax on the beer.  Although, he may have to pay tax on the cash too. Though eventually, with people paying each subsequent tax bill, I suppose he could pare it down significantly.  It’s probably worth noting right now that I got my lowest law school grade in tax class.

Maybe he can just avoid taxes altogether, however. My friend Ethan had a great idea in that regard.  From his email to me yesterday in which we talked about the tax implications:

If he had a really ballsy tax lawyer, he could argue that the purchase of his seat for that specific place and date was a shrewd investment of $99.95, which resulted in the capital gain of XXX when it could have been a dead loss, meaning that he should be taxed at cap gains rates, not normal income, approximately halving his tax bill.

Tax-hawks: would this fly?  I’d try it!

Your 2016 Winter Meetings Wrapup

national-harbor
Gaylord National Resort
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OXON HILL, MD — The 2016 Winter Meetings are over.  As usual, there was still no shortage of excitement this year. More trades than we’ve seen in the past even if there are still a lot of free agents on the market. Whatever the case, it should make the rest of December a bit less sleepy than it normally is.

Let’s look back at what went down here at National Harbor this week:

Well, that certainly was a lot! I hope our coverage was useful for you as baseball buzzed through its most frantic week of the offseason. And I hope you continue coming back here to keep abreast of everything happening in Major League Baseball.

Now, get me to an airport and back home.

Eighteen players selected in the Rule 5 Draft

rule-5
MLB
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OXON HILL, MD — The Rule 5 Draft just went down here at National Harbor. As always, it was the last event of the Winter Meetings. As usual, you likely don’t know most of the players selected in the Draft, even if a couple may make a splash one day in the future.

In all, 18 players were taken in the Major League phase of the Rule 5. Here they are, with the name of the team which selected them:

Round 1
1. Twins:  Miguel Diaz, RHP, Brewers
2. Reds: Luis Torrens, C, Yankees
3. Padres: Allen Cordoba, SS, Cardinals
4. Rays: Kevin Gadea, Mariners
5. Braves: Armando Rivero, RHP, Cubs
6. D-backs: Tyler Jones, RHP, Yankees
7. Brewers: Caleb Smith, LHP, Yankees
8. Angels  Justin Haley,RHP, Red Sox
9. White Sox:  Dylan Covey, RHP, A’s
10. Pirates: Tyler Webb, LHP, Yankees
11. Tigers: Daniel Stumpf, LHP, Royals
12. Orioles: Aneury Tavarez, 2B, Red Sox
13. Blue Jays: Glenn Sparkman, RHP, Royals
14. Red Sox: Josh Rutledge, INF, Rockies
15. Indians: Holby Miller, LHP, Phillies
16. Rangers: Michael Hauschild, RHP, Astros

Round 2
17. Reds:  Stuart Turner, C, Twins
18. Orioles:  Anthony Santander, OF, Indians

For a breakdown of most of these guys and their big league prospects, check this story out at Baseball America. Like I said, you don’t know most of these guys. And, while there have been some notable exceptions in Rule 5 Draft history, most won’t make a splash in the big leagues.

Each player cost their selecting team $100,000. Each player must remain on the 25-man roster of his new club for the entire season or, at the very least, on the disabled list. If he is removed from the 25-man, the team which selected him has to offer him back to his old team for a nominal fee. Sort of like a stocking fee when you return a mattress or something. Many of these guys, of course, will not be returned and, instead, will be stashed on the DL with phantom injuries.

Aren’t transactions grand?