Your family office knowledge base.

The concept of “making it” or crossing the finish line in your Wealth journey is like the tooth fairy. It would be awesome if it existed, but it doesn’t. Preserving your wealth is a full-time job, and if done well, it’s a job that will be carried out past your lifetime. Working with a financial “Quarterback” helps your wealth grow and protects you from the unnecessary and avoidable risks that can erode your wealth.

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.

Do you know when to start looking to hire a financial team? The easy answer is: “As soon as you are making financial decisions, and as soon as you have done the research to know who to hire.”

The MLB Draft preparation should be approached like a CEO making a business decision - the key is determining whether you'll sign by creating a clear business plan, assessing personal readiness, and building the right support team, all while removing emotion from the decision-making process.

What should I look for when interviewing financial teams? The financial team you hire should be Independent, Integrated, and Individualized. If they aren’t, you are putting your financial security at risk.

You are different from 99.95% of people in the United States…don’t you think you should also prepare differently? You found an agent because you believed they were the best person in the world to help maximize your draft contract, you work out with the best trainers available, and you would see the best doctors in the world to protect your career. Why would you do anything differently on the financial side and leave it up to chance?

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.

What is the difference between amateur and professional baseball? Money.

Our goal is to inform you, support you, and help you achieve the greatest amount of success which we define as: Fulfilling your potential to become the best MLB player and; Maximizing the financial opportunity that is a byproduct of achieving #1

On March 10th, 2022, the MLB and the Players Association agreed to material terms of the ‘Pre-Arbitration Performance Bonus Program’ covering 2022 through 2026.