Renteria to make decision today

[trevisc]

i wouldn't move for $4 million if I were in that position.

After getting taxed at 42% you end up with 1,160,000 over 4 years that averages out to 290,000. I think he's gonna stay with the Cards

[TheYanks04]

i wouldn't move for $4 million if I were in that position.

After getting taxed at 42% you end up with 1,160,000 over 4 years that averages out to 290,000. I think he's gonna stay with the Cards

I am sure he is smart enough not to be taxed at that rate effectively.

[trevisc]

I am sure he is smart enough not to be taxed at that rate effectively.

Smart enough to hire someone! haha. If I am then i'm sure he is. But still.. 4 million isn't worth the hassel + higher property cost + headache of moving for a guy in his position.

[TheYanks04]

You forget the backloading also make sthe deal worth less.

[Dawgpound 1613]

Say what you will about the MLBPA, but despite a semblensce of fiscal sanity the past couple of years by the owners, the Union has again prevailed as all it took was one idiotic trade and sign of Benson by the Mets and the whole market is a mess again. They are getting the results for their players, even if half of them may end up dead by age 50 due to roids.

Not saying they don't get results. But for $1M per, what's the harm in letting him play where he wants. And as for fiscal sanity, I agree it's not as good as it was after 2002 and 2003. That said, only a handful of teams have inked "Huh?" deals this off-season. All other deals have been reasonable (I'm defining almost every two year deal as reasonable as if a player bombs in year 1, only stuck with one more year, unlike Ortiz, Vizcaino, Guzman, Pavano, Wright, Glaus, Pedro, et al.). Much different than 2000/2001 where EVERY team was signing players left and right for 7+ years at obscene salaries.

i wouldn't move for $4 million if I were in that position.

After getting taxed at 42% you end up with 1,160,000 over 4 years that averages out to 290,000. I think he's gonna stay with the Cards

My math must be off. Even if he were taxed at 42% (and they have tax attorneys to prevent this), that's still $2.32M over 4 years (or $580k/year). If he's as quiet as they say, I could still see him being willing to give that up to remain comfortable.

[killiansjmd]

You are wise, Killian. Now, any insight into world peace?

Thanks!

I do but this is not the appropriate forum to bring up these issues.

Seriously though all these players can say what they want but it all comes down to who offers them the most cash!

[j_d_mcnugent]

i cant confirm since i am not a subscriber but allegedly this is from espn insider

From ESPN Insider:

Edgar Renteria

Dec. 15 - According to a source close to the situation, shortstop Edgar Renteria will be returning to the Cardinals in 2005, and the deciding issue was not money. Even though the Red Sox offer (about $36 million over four years) trumped St. Louis's reported final offer ($32 million over four years), Renteria chose familiarity and comfort with his surroundings, teammates, coaches, medical staff, over a few million dollars.

His agents are currently in the process of informing other interested teams of Renteria's decision that he will not entertain their offers, but instead will be re-signing with St. Louis.

Renteria, 29, a four-time All-Star and two-time Gold Glover, is a career .289 hitter with a .346 on-base percentage. He is a gifted fielder and clubhouse leader who has gone to the postseason five of the last eight years with the Marlins and Cardinals

[TheYanks04]

Excellent...one less upgrade the evil Sox can get.

[trevisc]

My math must be off. Even if he were taxed at 42% (and they have tax attorneys to prevent this), that's still $2.32M over 4 years (or $580k/year). If he's as quiet as they say, I could still see him being willing to give that up to remain comfortable.

you are correct sir. I did the math on $2 million..not 4.

I still wouldn't do it though..

thanks for catching my math error

[trevisc]

woohoo! Score one for the good guys! Great deal on both sides...