Josh McAlister

Taxes are one of the biggest destroyers of wealth. Residency, 1099 income, MiLB 401ks, team assignment, contract language, duty days; your situation is unique, and the complexities you face are different than most people. Luckily, there are answers available if you start your Tax Planning now.

Your net signing bonus is what you will have in your pocket after taxes. This is the amount of money that you will be able to invest in your career, grow your wealth, and spend on the things that are important to you and your family.

MLB Draft signing bonuses are subject to significant tax considerations that can dramatically impact your net earnings. These taxes depend on contract language, payment timing, and residency.