chris.hamilton.social
51 posts
17 followers
89 following
Active Commenter
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When I order a second $22 beer
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With a little Hawaii guy would prefer to play in southern California sprinkled on top
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LAA is bad for winning, but he can live at home and surf everyday. That is probably a decent consolation prize for him.
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It makes perfect sense if you consider how “sample voices” are created
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Kagi is much better, but it requires a subscription.
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It will be Sasaki or a reclamation
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I think the movie is better, but there is no reason you need to watch it first
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There is a movie and a Netflix show set in the same world. The movie came first.
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Mike Madrid talks about this a lot in his book The Latino Century
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If he doesn’t like players blowing playoff games then he probably shouldn’t Google Nestor Cortes
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@dodgers.com looks like it is in the process of going live
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23 if you include Teo’s girlfriend
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I agree that it is hard to provide concrete evidence because Friedman is not going to give us two versions of the Edman deal to compare the numbers.
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Another way to argue this would be that the NPV formula that MLB is using for player contracts is not very sophisticated. It allows for more sophisticated parties, like Guggenheim, to tweak offer structure in a way that maximizes real world NPV while minimizing CBT NPV.
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There is a natural drag on signing bonuses because teams generally do not want to write giant checks up front.
It just so happens that the Dodgers are sitting on a pile of cash right now after winning the World Series and hitting the Shohei revenue jackpot in the same year.
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Might be worth writing about when Soto signs with the Dodgers on a contract with a $120M signing bonus and $300M in deferrals
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The loophole is balancing the amount of the signing bonus vs the deferrals to make the player whole while the team cuts the CBT value by ~15%. That’s clever.
I agree that people do not have a nuanced understanding of how any of this works and are just lashing out.
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I also don’t think it is a loophole, but there is a colorable argument that it is.
It isn’t a coincidence that the Dodgers are doing this for both the Snell and Edman deals. There is a delta of ~15% for those deals. That adds up for a team in the top penalty bracket long term.
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That’s the point. A team can combine a large signing bonus and a large deferral in one contract to create an imbalance between the CBT value and the actual value to the player. Arguably that is a “loophole”.
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There kind of is a time value of money loophole in the CBA/CBT. Signing bonuses are treated the same as normal salary when a signing bonus clearly has higher NPV.
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This article doesn’t mention that, while deferred money lowers the NPV calculation for the CBT, signing bonuses do not raise the NPV calculation. Offsetting deferrals with large signing bonuses keeps the NPV to the player high and will save the Dodgers CBT money on Snell and Edman deals.
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It might be easier to pick it up from the facility
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I took at more of a “you dummies better up your bids or Soto is going to pull a Durant to the Warriors move”
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Disney Prince Stephen A
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Additionally, the player should be able to harvest significant tax savings if the deferred salary is received in a lower tax environment.
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In MLB accounting, deferrals lower CBT number, but signing bonus doesn’t raise CBT number. In the real world, deferrals lower NPV, but signing bonus increases NPV. Thus the real world value to the player is the top line number, but the Dodgers are taxed on the lower MLB number.
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It doesn’t matter if the hit rate is one in a million when you can send millions a day for no cost
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It allows the team to pay less money to players and allows the players to avoid 14.7% income tax on the deferred portion of the contract. Win/Win.
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Oakland was going to give the A’s like $800M for a development. Sacramento paid for more than half of Golden 1 Center. Long Beach or Anaheim will probably end up giving the Angels a sweetheart deal.
Not paying for stadiums in CA is only a LA/SF thing.
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*San Diego is an exception
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Seems like a slam dunk that he joins the ownership group when he retires
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Current ownership has to fund an escrow account to cover the deferments so that isn’t a concern
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Conchubrine was right there
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The “official” term is geriatric millennial
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This is the doc equivalent of someone in The Godfather getting some oranges
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Am I the only one crushing pickled ginger with sushi and pickles with BBQ?
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Paying for this capability is on the road map, but the timing for delivery is unclear
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This is a central theme of the movie Thank You for Smoking that Musk and Sacks paid to have made!
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Transcoding happens on the server when the client is unable to play the content natively. For example, if the content is encoded as AV1 and AV1 is not supported on the client then the content will be transcoded to H.264 before being sent to the client.
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@mollyknight.bsky.social these people haven’t had to drink from the direct democracy fire hose
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@mollyknight.bsky.social that should be perfect timing to deep dive Sasaki to the Dodgers
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@daezer.bsky.social Google Classroom does have a “private messaging” system that is not private from administrators
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@daezer.bsky.social does your school district provide computers to students? If the message was written on a district provided device it is possible that on device monitoring software flagged some keyword(s) in the message.
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@mollyknight.bsky.social There is no way that they will be able to bring it up to MLB standards, but they could probably make it equivalent to the Oakland Coliseum
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@caseyjohnston.bsky.social Can’t wait for Fred to get his Criterion release.
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@angelozanola.bsky.social Who wouldn’t be interested in membership to The Chubb Club at Mar-a-Lago?