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A look at Joey Bart

Discussion in 'Georgia Tech Baseball' started by JacketFromUGA, Feb 19, 2018.

  1. Lagrangejacket

    Lagrangejacket Ramblin' Wreck

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    2nd overall to the Giants. Here’s to an awesome MLB career!
     
    BRJacket, GTNavyNuke, bwelbo and 5 others like this.
  2. OldJacketFan

    OldJacketFan Helluva Engineer

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    Slotted at approximately 7.5M, nice pay day!
     
    awbuzz, bwelbo, FredJacket and 3 others like this.
  3. THWG

    THWG Helluva Engineer

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    Congrats Joey!!!!
     
    bwelbo, FredJacket and augustabuzz like this.
  4. bwelbo

    bwelbo Helluva Engineer

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    I read recently that now 4 of 5 Georgia Tech grads are millionaires. I guess every time the stock market goes up 1,000 points the percentage increases. Anyway, now that number is 4.001 out of 5.
     
  5. FredJacket

    FredJacket Helluva Engineer

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    Congrats to Joey! Been great watching him.
     
    bwelbo likes this.
  6. dawgbasher

    dawgbasher Ramblin' Wreck

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    Look for him to be with the big club in a short period of time. Got to believe the Giants will move Posey to first base as soon as they can.
     
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  7. CuseJacket

    CuseJacket Administrator Staff Member

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  8. TooTall

    TooTall Helluva Engineer

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    Where will he start out? Will they drop him in Augusta fairly soon?
     
  9. JacketFromUGA

    JacketFromUGA Helluva Engineer

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    Is it normal for such a high pick to start in single A?
     
  10. awbuzz

    awbuzz Helluva Engineer

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    Probably won't be there long. Beats starting in Rookie League.
     
  11. bwelbo

    bwelbo Helluva Engineer

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    What a painful place to get drafted. With federal, state, and local taxes, he’ll be paying around 55% in income taxes. $7 million will send $3.7 million to the government before he sees it. Getting drafted in Texas or Florida would have saved him $1 million per year in take home pay.
     
  12. OldJacketFan

    OldJacketFan Helluva Engineer

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    oh don't forget about his agent's cut (10%) but all in all 3.5mm or so net ain't too bad a foundation for he and his family for a very, very long time to come :) that's generational money
     
  13. bwelbo

    bwelbo Helluva Engineer

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    Yikes, forgot about that.

    45% of $7 million is $3.15 million. 10% to his agent takes that down to $2.45 million. 7 to 2.45, ugly.
     
  14. OldJacketFan

    OldJacketFan Helluva Engineer

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    Slot money is 7.5mm not 7mm, agent money comes off the top 750K though taxes will on the gross number. I think his taxation will be factored on his state of legal residence not where his employer is located so his initial tax bill may not be as severe. Still he will see a very large chunk of cash!
     
  15. FredJacket

    FredJacket Helluva Engineer

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    Same reason I don't play the lottery... the tax bill just doesn't make it worth it. ;)
     
    GTNavyNuke and Lagrangejacket like this.
  16. bwelbo

    bwelbo Helluva Engineer

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    Man. I read an article yesterday that a guy who has bright prospects as a pitcher in the draft (97mph fastball) was convicted as a sex offender when he was 15 years old for molesting a 6 year old girl on multiple occasions. And then today I just read an article about a guy the Rockies drafted who publicly tweeted about hoping for Obama to be assassinated the day of his re-election. With all the talent out there available, why would you ever take a chance of people with character like these? I wonder if things like this positively impact folks like Joey Bart. Not only is he an elite player, but you know the odds are extremely high you're getting a person of integrity when they come out of Georgia Tech.
     
  17. JacketFromUGA

    JacketFromUGA Helluva Engineer

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    I mean I also think GT mainly gets/produces high character guy.

    But... It's not all roses.

    [​IMG][/spoiler[
     
    bwelbo likes this.
  18. TooTall

    TooTall Helluva Engineer

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    Touche'
     
  19. CuseJacket

    CuseJacket Administrator Staff Member

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  20. FredJacket

    FredJacket Helluva Engineer

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    Do these signees (once the signing is done) get assigned to play this summer? How does the timing of all that work?
     

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