Marketplace®

Daily business news and economic stories

Fiscal cliff nears for baseball players, too

The curious case of BJ Upton, baseball and the fiscal cliff.

Does the fiscal cliff debate seem too insider baseball for you?  A conversation about the mechanics of politics? Well guess what…now it’s seeping into the fun parts of life. Like, baseball.  Even athletes are keeping an eye on that steep slope. Players like BJ Upton, points out Tim Fernholz, a reporter for Quartz.

Upton is an outfielder who just signed a pretty lucrative deal with the Atlanta Braves — he’ll make $75.25 million over the next five years. One unsuual provision of the deal? It comes with a $3 million bonus to be paid before Dec. 31, 2012. Fernholz says that would save Upton about $140,000 in taxes. 

And Fernholz says Upton’s not alone. Baseball player Evan Longoria, for example, just signed a deal with similar provisions. Even CEOs are trying move bonuses into this year, “but they’re having a hard time doing it. There’s a lot more skepticism of CEOs than baseball players when it comes to making a lot of money.”

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    10 hours ago
    25:19
  • Make Me Smart
    16 hours ago
    19:00
  • Marketplace Morning Report
    18 hours ago
    6:55
  • Marketplace Tech
    a day ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45