Missouri Transfer RHP Commits to Vols

#51
#51
VOLfrombama said:
I will gladly take that challenge. Then I will hire someone to help me invest and build a portfolio, pay off my debt, pay bills with dividend checks, and live off the grid in quiet solitude, just to spite all the naysayers.
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You have to consider the circumstances of the initial discussion. If a kid signs a $1.2 million deal over a certain number of years, he doesn’t get it all upfront. Additionally, if he flames out after 4-5 years (which most probably do), then he is a 22-23 year old with no degree. If he decides to get his degree, then he is out another 3-4 years without a full time job (and that’s even if his school gets paid for). In essence, he’s out a minimum of 8 years or more for the 1.2 million. It’s good money, but it’s not life changing. I’m not saying it’s bad either; it’s a good opportunity in hopes of making even more.
 
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#52
#52
youcancallmeAl said:
If CV is accepting transfers who are coming here to work with Anderson, is that an indicator that CV sees himself here next year?
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You’d like to think it works that way, and maybe in Tony’s head, he’s already made up his mind. But, in the business world, you simply have to continue on “business as usual” where you are at until you aren’t there anymore.

My parent company is actively selling off one of its subsidiaries which I do a lot of business with and for. Yet, they are actively funneling millions of dollars into infrastructure growth and continuous improvement, even hiring workforce because you just never know what could happen. Maybe the sell doesn’t pan out. Maybe the SEC (government, not the conference) steps in and kills the sale.

Likewise, Tony has to continue building Tennessee into a program up to the point he is no longer paid to do so. Kids that he commits to coaching are just collateral damage, unfortunately. That isn’t unique to Tony Vitello, or even college athletics. It’s just the nature of new and developing opportunities.
 
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#53
#53
VolGee4 said:
You have to consider the circumstances of the initial discussion. If a kid signs a $1.2 million deal over a certain number of years, he doesn’t get it all upfront. Additionally, if he flames out after 4-5 years (which most probably do), then he is a 22-23 year old with no degree. If he decides to get his degree, then he is out another 3-4 years without a full time job (and that’s even if his school gets paid for). In essence, he’s out a minimum of 8 years or more for the 1.2 million. It’s good money, but it’s not life changing. I’m not saying it’s bad either; it’s a good opportunity in hopes of making even more.
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Agree. $1.2 million isn’t chump change, and I guess it depends on your definition of the broad term “life-changing”. An additional $1.2 million would change 99.9% of our lives, mostly for the better in terms of security if we don’t squander it. But for an 18-22 year old kid, it isn’t the kind of money you tuck away and live off of the interest for the next 70 years. It doesn’t redefine your future.

At 42 years old, $1.2 million is more life-changing for me than it would be to an 18-22 year old without a dime to his name. I already have a college degree, a career, a nice nest egg built up, and I make a modestly comfortable salary. An immediate million dollars probably shaves years off of my retirement age and allows me to do other things, pursue other business opportunities, and I only have to stretch it out 40 or 50 years, most likely.

It really is a matter of perspective. If you can live an extremely frugal lifestyle and not need “things”, you can make $1.2 million go a long way. And maybe the freedom that provides at an early age is the definition of “life changing”. In most cases, that amount of money at that age doesn’t equate to eternal financial freedom, though.
 
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#54
#54
cncchris33 said:
Agree. $1.2 million isn’t chump change, and I guess it depends on your definition of the broad term “life-changing”. An additional $1.2 million would change 99.9% of our lives, mostly for the better in terms of security if we don’t squander it. But for an 18-22 year old kid, it isn’t the kind of money you tuck away and live off of the interest for the next 70 years. It doesn’t redefine your future.

At 42 years old, $1.2 million is more life-changing for me than it would be to an 18-22 year old without a dime to his name. I already have a college degree, a career, a nice nest egg built up, and I make a modestly comfortable salary. An immediate million dollars probably shaves years off of my retirement age and allows me to do other things, pursue other business opportunities, and I only have to stretch it out 40 or 50 years, most likely.

It really is a matter of perspective. If you can live an extremely frugal lifestyle and not need “things”, you can make $1.2 million go a long way. And maybe the freedom that provides at an early age is the definition of “life changing”. In most cases, that amount of money at that age doesn’t equate to eternal financial freedom, though.
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Yep. I am almost exactly your age and situation.
 
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#56
#56
VolGee4 said:
You have to consider the circumstances of the initial discussion. If a kid signs a $1.2 million deal over a certain number of years, he doesn’t get it all upfront. Additionally, if he flames out after 4-5 years (which most probably do), then he is a 22-23 year old with no degree. If he decides to get his degree, then he is out another 3-4 years without a full time job (and that’s even if his school gets paid for). In essence, he’s out a minimum of 8 years or more for the 1.2 million. It’s good money, but it’s not life changing. I’m not saying it’s bad either; it’s a good opportunity in hopes of making even more.
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Kids drafted by MLB get their signing bonus. It’s usually paid up front. Agents want it that way cause they get their cut up front. Players get paid a very low salary in low A ball, where most start. The players have to budget their signing bonus to help support them.
 
#57
#57
TN_gal said:
CV mentioned a "high level" transfer during his call-in interview with Basilio this morning. Said the reason for the transfer was wanting to work with Coach Anderson and wanting to be part of the environment and atmosphere surrounding the program.
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Coach V has a pipeline to Missouri and will get his share of top talent there. Tony Basilio has been having post baseball call-in shows called “Extra Innings” that have been awesome. Hearing fans so emotional and excited about UT baseball is pure joy for this Vol fan. His daily show has been virtually 100% baseball for weeks now (and deservedly so). He’s also doing baseball watch parties. Who would have ever thought? UT Baseball is a sleeping giant that’s starting to wake up! Go Vols!
 
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#58
#58
taylorvol said:
Coach V has a pipeline to Missouri and will get his share of top talent there. Tony Basilio has been having post baseball call-in shows called “Extra Innings” that have been awesome. Hearing fans so emotional and excited about UT baseball is pure joy for this Vol fan. His daily show has been virtually 100% baseball for weeks now (and deservedly so). He’s also doing baseball watch parties. Who would have ever thought? UT Baseball is a sleeping giant that’s starting to wake up! Go Vols!
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It’s been awesome listening to it for the past few weeks.
 
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#59
#59
What happened to Charez Butcher? I haven’t heard a peep about him since the fall. Baseball info is scarce, so maybe I missed something — but I assumed he would be a weekend started in ‘22.
 
#60
#60
Joe Dirt said:
What happened to Charez Butcher? I haven’t heard a peep about him since the fall. Baseball info is scarce, so maybe I missed something — but I assumed he would be a weekend started in ‘22.
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I read somewhere that TV and Anderson did not like his work ethic at all and he possibly isn’t even on the team anymore
 
#64
#64
txbo said:
What’s the average time a high school draft pick spends in the minors?
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mlb-draftees-who-reached-majors.jpg
 
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#65
#65
of course, reaching the majors and being there long enough to make sustainable money is a totally different graphic.........very few guys make enough money to live forever off their MLB pay
 
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#67
#67
OldTimer said:
of course, reaching the majors and being there long enough to make sustainable money is a totally different graphic.........very few guys make enough money to live forever off their MLB pay
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I know a retired closer. He said it was very hard to make it to the bigs, and substantially harder to stay there. He pitched in the majors for over a dozen years.
 
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#69
#69
OldTimer said:
of course, reaching the majors and being there long enough to make sustainable money is a totally different graphic.........very few guys make enough money to live forever off their MLB pay
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And a million dollars, spread out over 4 or 5 years in the minors after taxes, provides a comfortable life.... but little more.
 
#72
#72
Once if contract is for $1.2 million he won’t get all of that. By the time agent, lawyer, federal taxes and state taxes (if you live in one of those states) are paid will probably get half. I won’t address the fact you won’t get it all at once which technically reduces it value. That leaves you $600,000. Most investment professionals will tell you to spend only between 4-5% of your investment to make it last and keep up with inflation. That’s $24,000-$30,000 a year. Not a lot of money especially if you are trying to live just off that money.
 
#73
#73
Saw that Halvorsen is having a rough summer, posting a 12+ ERA through 3 starts. Control appears to be an issue with high walk numbers. Hopefully Frank can reign in his zone
 
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