- The Jays signed their top pick, Deck McGuire, for 2 million bucks.
- They also signed Sam Dyson and Griffin Murphy
-
Ladies and gentlemen, Shaun Marcum! He threw his first complete game allowing only one run. It used to be a no-hitter (as all pitching performances once were, I guess) before Conor Jackson broke it up with a seventh-inning home run.
- I returned home after a run in a semi-conscious state (it was my first run in months, seriously), turned on the radio, and promptly heard Alan Ashby give a whole seemingly prepared speech about the history of Oh Henry. What was up with that? Oh man, was I ever confused.
- Jose Bautista, 37 home runs! According to the radio guys, it was a legitimate home run off the foul pole that all the players assumed was a legitimate home run, but the umpire disagreed. Nevertheless, the A's didn't bother trying to throw Bautista out, so he came around for an inside-the-parker.
- Ladies and gentlemen, Jose Molina! A 4-4 night for the intrepid back-up! J.P. Arencibiwho?
I heard AA's press conference or conference call was supposed to be happening now, any word on where to hear this?
Logan Ehlers turned down $800,000. Link
I wonder how many players really want a million to not go to college. I have to think that they are delusional (especially when it comes to pitchers).
But seriously, he turned down 800k? I know his stock went up this summer, but he was nowhere worth 800k before the summer.
The Pirates? What? ... My apologies for being overly obtuse. I was caught up in the whole secretive nature of the amateur draft signings .
The last rumours I saw in early July on Luis Heredia had the Jays outbidding the Pirates $2.8M to $2.5M ( http://www.fanfeedr.com/mlb/2010/07/02/blue-jays-pirates-bidding-on-luis-heredia )
but in the interim the Bucs have been selling off players ( two to Japan and one to the Mets IIRC ) which I would imagine is to raise more monie$ for the kid's services . This was just trumped by the Jays
freeing up another $800,000 . We'll know in another couple of days .
Thanks for the clarification jgadfly, I do understand your comment now. We'll have to see - for some reason, everyone believes the Pirates are still the favorite.
Clearly, the kid is not really poor and probably not dumb (so he will get something out of going to college). He knows he only has a small shot at making it but it will cost some of his prime years. Of course, there can be plenty of situations where a kid will want to sign (needs the money, wouldn't go to college w/out baseball) and 200k will not be a hold-up. But I would not want to call a 18 year old greedy or stupid for turning down 800k.
Well said Moe. I teach high school and I know first hand how difficult these 'rest of your life' style decisions are at that age - they really are just kids. Complicate that decision further with the money, the dreams of making it and all the advice they are getting and I won't criticize a draftee no matter what they decide.
And yes, if you don't make it and spend 5 years in the minors that's wasted time if you are the college type. Also, the average starting salary for with bachelor in fields like engineering and economics is 50-60k. So between 5 years of lost wages and the lost scholarship, you covered a fair bit of the signing bonus.
Listen, I'm not saying this is what went on this case, I'm merely saying it's not as obvious to take 800k and turn pro as it may seem on first glance. This kid might just be greedy or badly advised. But he may also be an intelligent young man who could be an engineer or lawyer in a few years and for whom college has a lot of value. Obviously, these kids are not the majority and that's why most of them sign but there are very good reasons for some not to sign.
BA has 41st rounder Seth Conner signing as well. Here's a couple of rather extensive articles on him.
http://tagsgf.com/2010/06/07/seth-conner-the-power-to-emerge/
In reading the link it appears that the kids parents wanted him to go to college and that in addition he gets to stay at home and go to college. The comments about life being tough in the minor leagues are right, it is tough as an 18 year old to leave home and be in the competitive world of minor league baseball. Not all kids are ready for it at 18. It sounds like Ehlers wasn't ready for it and the staying at home to go to college is a bit of a red flag.
The Jays should have known this before they drafted him. In most cases money changes peoples minds, just not this one.
In regard to the other picks who didn't sign, Shreve, Cotto, Bryant, etc., those guys have probably been playing over the two months since the draft. The player could have decided not to sign or the Jays could have decided not to pursue the player, it works both ways. Cotto for example was described by BA as an all speed, weak bat player. The Jays could have taken a second look and decided the bat wouldn't play. I don't know but it is a possibility.
I would have been lucky just to pass when I was 18. Plus, if you're an English student, as I was, it's quite helpful to take a few years to actually read the canon before the courses begin (those 19th century novels are long, every one of them. And yes, I think some of those writers were being paid by the word.) I went back to university in my late 20s, and had a huge head start on the rest of my classmates who were all so desperately busy just trying to get the reading done that they didn't have any time to think about it...
Not that that's the reason I took that path - ages 18 to about 26 are fondly (very fondly) remembered by myself as.... well, let's call them the Rimbaud years. A systematic disordering of the senses...
But in the 8th round, for the most part, aren't you just taking a flier on a player hoping he signs if you think he has potential? (as opposed to taking a college player who won't make an impact beyond AA)
It'd be nice to see a recap of the players the Jays signed, and which of those players that they went over-slot for (and by how much, or what the equivalent money is, like 'third round money').
Systematic? If it's Tuesday, that means 210 db at a Rolling Stones concert and hearing loss. Tomorrow, I shall aim for vertigo.
Anyways, I can't imagine why anyone would criticize an 18 year old for refusing 800K in order to go to college, or for that matter for accepting the money and postponing college in order to pursue a baseball career. They are both good options, and speaking as a parent, I would be happy if my kid made either choice.
As to the draft, the official list is right here although it is missing last nights late signings still. In the end Ehlers is the highest pick not signed (8th round, 246th overall). The top 13 picks all were signed. In 2009 they had a few misses early on, but in 2008 the Jays signed their first 25 picks, the first 11 in 2007, first 6 in 2006 (covering rounds 1-8 as they lost a few picks), and in 2005 they signed everyone through round 16.
Signing a lot of the high picks is common here it seems. Last year was the oddity. Hopefully we see a few extra picks this upcoming winter (via Frasor, Downs, Buck) and get some more solid minor leaguers who become major leaguers at some point.
The offer of $800k probably included an offer to pay for college should the kid get injured or his baseball career not work out. That's a better guarantee than the scholarship will offer.
This is not uncommon; I believe Ubaldo Jiminez received a similar gurantee, and he didn't get anywhere near $800,000. At the most it costs the team another 200k down the road, and if they are correct in their assessment of the player then it won't matter. (On a somewhat related note given Ricky's recent contract, Ubaldo signed a 4 year/$10 million deal after 2 years of service time, plus two options years for a total of $14 million. That's why pitchers get locked up early.)
As for turning down money, people have different priorities at different stages of their lives. Maybe he gets his degree and gets offered 400k or 4 million in 3 years, or never plays a day of professional baseball, who knows. $800 grand is a lot of money though, taxes and agent fees notwithstanding.
I'm a bit tired at work today as a result, but it was worth staying up late to see him finally finish one. The CJ home run was a bit of a bummer, but it was nice to see how it didn't seem to phase Shaun in the slightest.
Here's hoping there are more in the future.
I believe Ubaldo Jiminez received a similar gurantee
I believe Myles Jaye received one too.
And yes, congratulations to Shaun Marcum on his first complete game. As Magpie pointed out early in the year, it was a while between non-Doc complete games, but now Romero (3 times), Morrow and Marcum have done it.
Conor Glassey of Baseball America also tweeted that he is hearing BlueJays 28th-round RHP Adaric Kelly got $250K.
In terms of Ehlers - as I recall he was supposed to be a difficult sign to begin with. I am sure the Jays recognized this and decided the risk was worth it. Isnt this a similar strategy to Jays teams under Gillick? Draft the difficult-tosign high-upside players - win some and lose some?
I'm at work and was just buying some transmission capacity through a HQD provider known as "Phase I/II".
Number of players making it to the majors per year...
2004-2008: 206 to 238
Since 1900 peak year: 1995 with 247 followed by 2008 at 238
Just 15 seasons all-time with 200+ debuts
1959 the last time under 100 made their ML debut.
What does this mean? Basically that you can expect about 6-7 players per team to be given their first shot at the majors in any one season. Thus anyone drafted after the 7th round has a very low shot at making it (especially if you factor in sandwich rounds and international free agents) even for a cup of coffee.
The peak for average years for all guys making their debut in a season is 10.3 in 1880. For post-1900 we get a leader in 1973 at 8.1 for the 131 guys breaking in. For 1990 to present the peak is 1990 at 6.56 (not counting active players).
This suggests that the average guy does get to play for his pre-free agent period but not into free agency as a rule.
In the end all of this means that we are looking at the first 5-7 rounds as being where you draft guys you expect to have a shot, then you go for the wild cards - guys who have talent but either are missing a key ingredient (health, attitude, perceived desire, arm strength, speed, whatever) or are viewed as 'unsignable'. So getting the first 7 rounds fully signed is great, as guys like Ehlers (8th and later) had the odds strongly against them anyways.
At some point I'll dig a bit deeper and see how many became regulars for at least one season.
With the Jays not signing Ehlers (800.) and Pirates spending mucho dinero on Tallion & Allie - I wonder
how that will play into the bidding for Luis Heredia starting on Aug. 18 (Wed.)
Just for comparison.
Again, I'm not saying this applies to all the guys drafted. It probably doesn't even apply to all who couldn't agree on a deal. But there are cases in which it makes perfect sense to turn down 500-800k and go to college.
The median STARTING salary in fields like engineering, economics, physics is well over 50k, the business majors come in at 45k.
Get off. Let's have a source. I know lawyers in the States that don't make 40k, let alone some undergrad.
I don't think your analysis is genuine.
I met a man who had a son drafted by the Braves. LH pitcher, later rounds certainly wasn't looking at a big bonus. He was also offered a scholarship. He asked the scout who was offering the bonus what he should do. The scout pushed him into school where he would play on a team where they were pulling for his success and not hoping he would fail. He could get an education, hone his skills and maybe find a better draft slot (he didn't.) There is more to these decisions than money.
and since I teach college (and not a top one), I know this is true. Think about it, the median income is 45k. Less than 50% go to college. Guess where they are in the distribution especially if they can manage to do a hard field like engineering.
The income distribution for lawyers is bi-modal: there is one big group starting at around 200k and one around 60k. I doubt there are many lawyers who get 40k and work full time as lawyers. Unless on course it's their own little firm and they get to do creative taxation (it's not my car, it leased by the firm etc).
Let's have a source
http://theprofessionalengineer.com/2010/02/09/engineering-graduates-salary/
They'll vary based on location, but those figures seem in the ballpark to me and supported by the link.
The other factor I don't think some are considering is that if a player turns down money and goes to college, there's no guarantee that he'll graduate and/or get an average to above-average salary when he's done.
I agree. But this is much more predictable. There is always risk, with any choice. They could get hit by a bus and the signing bonus would have been a nice consolidation for their parents (I know, just trying to make a point).
Most students have a good sense as to where they are within the distribution of students. And as I said, my analysis does not ably to all of these kids. In fact, it only applies to a minority. My point was about that we should not make sweeping statements about greedy or illusional students. Yes, some may overestimate their value (or are badly advised), others underestimate the injury risk but some truly make a perfectly rational choice although it may not appear like that at first.
I admit, 200k was an exaggeration. But bi-model at 160k and 40-65k is correct.
Didn't he finish his degree?
Jay Johnson transaction from Baseball America
Toronto Blue Jays
Draft pick signed: LHP Jay Johnson (26)
The 41st-round pick in June’s Major League Baseball draft netted a signing bonus of $100,000, he said. Conner also will be paid $40,000 in tuition fees after the duration of the contract, which Conner did not disclose.
That's the crux of the argument too. You can go to college anytime. You can get a degree anytime - even during your time in the GCL etc. You may never get another chance $800k.
If you want a career in baseball, you can go to college or turn pro. If you want an education, you can go to college or turn pro. If you want to never have a mortgage, turn pro.
It's located at www.atdhe.net
This stream works for mac users and pc users. It might involve downloading a mediaplayer which hasn't caused my computer any problems although it switched my firefox homepage. Anyways that's how I've been watching Jays games recently
Well sure - and if they work 20 years they'll likely pay close to half their income in taxes. Depending on what state they live in.
I have seen reports on these deals and if they include a clause for college money (not all do but that could have just not been reported), it's more typically 30-70k. For comparison, a full ride at at top school is easily 150k, possibly more and that's tax free.
Not every draftee has an opportunity at a "top school" - just as not all will go into the higher paying professions. Certainly if this guy (just for the sake of example) could get an engineering degree from Stanford for his free ride, that's a different question than if he got an Education degree from, I dunno, Southern Miss or some such.
If you go to college, your median salary is not 45k any more. The median STARTING salary in fields like engineering, economics, physics is well over 50k, the business majors come in at 45k.
I got a Social Science BS and a teaching license and my starting pay was a tick over $30K...admittedly in a lower paying state but in the best of states it's under 40 and you'll get well into the teens before your average over your career passes the median.
But even if it's true that you START at 45 and work your way up so that over 20 years you averaged, say, $60K - that's over 13 years to gross an $800k sum.
Assuming everything goes right, and you don't become disabled or get downsized and start over or whatever else gets in a man's way over the course of 20 years.
As opposed to banking that sum for one signiture.
Further, the "sign now" option doesn't shouldn't assume NO college education or subsequent degree and high pay. Lets say dude went from a free ride to having to incur a $50K student loan to get his degree - except he won't - if he's really so smart - because he has money in the bank from the signing bonus, so call that even. (Mills is an example of a guy who played ball AND finished his degree, by the wya)
Let's further assume that instead of being a $60K average engineer, he's a $45K average teacher because he chose to play ball.
Now, what that means is that over the course of 20 years, the difference in what he made and what he might have made with the engineering degree is $300,000
I.E. less that he netted from the bonus money.
and as others point out - once the bonus is paid, it is YOURS.
Whereas the potential rewards of - for instance - an engineering degree must still be obtained over a lifetime of work which can go horribly wrong in a multitude of unexpected ways.
To me, the only sensible reason to gamble is if your talent is such that you expect to get a substantially larger bonus the next time you are drafted by going to school - that's simply playing the odds, sometimes you win, sometimes you crap out (Hiya Jake E.!)
For this particular guy, the gamble only pays if, after his JR year (or later) you will be so highly regarded that you can land a substantially higher bonus (on the order of almost twice this amount or more)
I'll give you a marginal point on the progressive tax system to a point. But if you get a top-school degree and make $50k or more out of college, you are already in the bracket that's gonna hit you on the bonus, are close to it. The all-at-once hit is not there, but you're still going to pay the same amount eventually.
Couple interesting items after yesterdays deadline.
Keith Law has a team-by-team draft class reclass for the AL today:
Overall it appears he liked the Jays draft (and signings) and definitely thinks the Jays added a lot of depth to the system but perhaps instead of spreading the bonus money they should have targeted a few more upside type players...
And Jim Callis had draft deadline chat today:
http://www.baseballamerica.com/today/draft/chat/2010/2610538.html
Not much on the Jays but he was asked the biggest sleeper in the draft - which he defined as player lacking hype...answer righthander Asher Wojciechowski. "Plus fastball and slider, should move quickly."
Would I ever turn down 800k? No. Because it's very common for adult students to go to university, so it's not like I'd be that out of place if I failed and had to go to school when I'm 22 or 23.
In ON, the average rate at 600k is 43.15% (46.41% marginal); at 60k, the average rate is 20.48% (31.15% marginal). The marginal rates are much closer than the average rates. As a result, it takes the guy only 7 and not 10 years to catch up (I know there is discounting involved but I ignore that for now). At 80k, it's only 5.5 years.
Again, not every graduate will make this much but there are some who can reasonably expect to fall into that range. For them it would not be crazy to turn down 800k and just go to school even if the chances at a bigger bonus are small. There are some who are probably just greedy (or badly advised -- Jake E.?). But some do have a scholarship to Princeton.
I would not be surprised if at least half of the players who turned down a big bonus have regrets. As I said, most of them will not have a scholarship to a top school and won't be good students. But for some that's true. And since we don't know who falls into which group, we shouldn't make assumptions like them being greedy or foolish. Plus there are other reasons (like the kid the Brewers drafted) and you never hear about. All I want is us to be a bit more careful when we slam 17 year olds for the choices they made. Some made them for the wrong reasons but some made them for the right ones. We don't know, we always just assume.
Actual US unemployment rates are close to 20% at this point (http://www.shadowstats.com) - including the long-term unemployed and the far underemployed (such as law school grads working part-time in retail, which does happen. Comically overqualified for retail - not just for English Lit majors anymore!), which are both completely removed from the "official" unemployment rates that governments like to report (it's a bit better in Canada in terms of employment, but we do the same tricks to make thigns look better). By excluding those that would like to work in a field, and are qualified to do so, but can't find a job, it presents a falsely positive view of how things turn out for many people.
I would add to the discussion - starting an undergraduate degree is not the same thing as finishing it and finding full time work in your field. As was noted to my parents at a pre-first year meeting when my sibling started school on a full scholarship, and I'm paraphrasing - "everyone in this room was at or near the top of the class in high school. Obviously, this will not be the case in university." Interesting discussion on money up front vs. long-term prospects, though.
Sure, some teens are rational and pragmatic - and some are wildly idealistic and naive. Doing the less practical thing because of something you believe in strongly - say, the value of a college education - is actually a wonderful habit of some young people.
I know many teenagers in my role as a teacher and coach, and I can't think of more than a couple who would read the above debates without rolling their eyes and saying that adults just don't get it.
Good scouts talk to not just players but also parents, teachers, and coaches. Once the draft was done and you are down to 50 players sending off scouts to deeply investigate details of key players (probably 10-20 at most) would be a very good idea. Now the Jays might have done this and still got caught off-guard but the way it ended with Ehlers sounds very much like they didn't notice just how vital his parents were to the negotiations.
My view is probably colored by being chronically broke and permenantly under (or un-) employed relative to my degree.
You have enough reversals of fortune in your life and you get pretty skeptical of the yellow-brick-road where everything goes right. obviously it does happen, but i tend to see the potential potholes.
I think that the tradition for draft-related frustrations is throwing a chair.