Schoop locks in early pay-day for future earnings

[weams]

1 minute ago, weams said:

I live in Harrisburg. PA. 

http://www.municipalbonds.com/news/the-biggest-municipal-bond-disasters-of-all-time/

https://www.barrons.com/articles/the-ticking-time-bomb-in-the-municipal-bond-market-1517020424

https://www.marketwatch.com/story/muni-bond-investors-left-holding-the-bag-for-pension-debacle-2017-01-16

 

[BohKnowsBmore]

On 12/7/2018 at 3:33 PM, weams said:

He also played well enough in 2017 to have gotten a nice return on an extension. The fact that he and his agent did not extend cost those investors. I wonder if a fiduciary responsibility claim could be made?

Doubtful since he's a party to said deal.  I can't imagine any reasonable court that would think they know what's a good contract better than the player and his agent, particularly when they are still the primary beneficiary from it's rewards (despite the part owed to Fantex).

[BohKnowsBmore]

On 12/7/2018 at 6:02 PM, atomic said:

2.5 percent compounded adds up. I am sure you could have gotten more than that for a quality corporate bond bought in 2008. If you invested in stocks after 2008 crash you would have had quite a great return.

You would probably get way more than that if you bought in 2008 as I'm sure (without checking) even the highest quality credits were trading at a discount, leading to strong yields.

[Satyr3206]

13 hours ago, weams said:

http://www.municipalbonds.com/news/the-biggest-municipal-bond-disasters-of-all-time/

https://www.barrons.com/articles/the-ticking-time-bomb-in-the-municipal-bond-market-1517020424

https://www.marketwatch.com/story/muni-bond-investors-left-holding-the-bag-for-pension-debacle-2017-01-16

 

I didn't know that about Harrisburg. You have to do some research and invest where the Government entity is financially stable and pays their bills. There are numerous areas of the Country I would never consider, no matter what interest rate they offered.

[weams]

24 minutes ago, Satyr3206 said:

I didn't know that about Harrisburg. You have to do some research and invest where the Government entity is financially stable and pays their bills. There are numerous areas of the Country I would never consider, no matter what interest rate they offered.

 

24 minutes ago, Satyr3206 said:

I didn't know that about Harrisburg. You have to do some research and invest where the Government entity is financially stable and pays their bills. There are numerous areas of the Country I would never consider, no matter what interest rate they offered.

Absolutely. Like any real and good gambler would. I have no doubt that you are a winner. 

[atomic]

16 hours ago, weams said:

Insurance companies make money by paying fewer claims than they collect premiums. 

Wrong.  They make money on float.  They invest money they get in premiums and they make money off of that. As there is a time difference between when they collect premiums and they pay claims.

[Satyr3206]

2 hours ago, weams said:

 

Absolutely. Like any real and good gambler would. I have no doubt that you are a winner. 

I've lost a few. Like most people.

[weams]

49 minutes ago, Satyr3206 said:

I've lost a few. Like most people.

It's a zero sum game. So being ahead means you are not the loser. As a gambler. 

[Frobby]

1 hour ago, weams said:

It's a zero sum game. So being ahead means you are not the loser. As a gambler. 

How far can you take this?   Buying a house is a gamble too by this logic.  And technically, it is.    But it’s not really the same as walking into a casino where you literally know the odds are against you.   And neither is the stock market.   

[Frobby]

I like to check in on this every once in a while.   Before the 2016 season, Fantex bought 10% of Jonathan Schoop’s future income for $4.9 mm.    Since then, Schoop has earned about $22 mm, which would have been about $26 mm but for the pandemic.    Schoop is entering his age 29 season, and the last 3 years his salaries have been $8.5 mm (Arb 2), $7.5 mm (FA after being nontendered), and $6.1 mm (FA)(but reduced to $2.25 mm due to the pandemic).    

To turn a profit for Fantex, Schoop will need to earn in excess of another $27 mm before he retires.  I think it’s going to be tough for Schoop to earn another $27 mm in his career, though he’s still a very solid player right now.   So I’m guessing he will turn out to be a losing proposition for Fantex, especially considering the time value of money.    

Meanwhile, the Fantex model didn’t really pan out.   They were publicly traded for a while, but delisted and are just winding down their investments.   
 

[owknows]

2 hours ago, Frobby said:

 

To turn a profit for Fantex, Schoop will need to earn in excess of another $27 mm before he retires.  I think it’s going to be tough for Schoop to earn another $27 mm in his career, though he’s still a very solid player right now.   So I’m guessing he will turn out to be a losing proposition for Fantex, especially considering the time value of money.    

Meanwhile, the Fantex model didn’t really pan out.   They were publicly traded for a while, but delisted and are just winding down their investments.   
 

We should bring him back at 7 yrs, and 161 million guaranteed.... just for old times' sake.

[BohKnowsBmore]

4 hours ago, Frobby said:

I like to check in on this every once in a while.   Before the 2016 season, Fantex bought 10% of Jonathan Schoop’s future income for $4.9 mm.    Since then, Schoop has earned about $22 mm, which would have been about $26 mm but for the pandemic.    Schoop is entering his age 29 season, and the last 3 years his salaries have been $8.5 mm (Arb 2), $7.5 mm (FA after being nontendered), and $6.1 mm (FA)(but reduced to $2.25 mm due to the pandemic).    

To turn a profit for Fantex, Schoop will need to earn in excess of another $27 mm before he retires.  I think it’s going to be tough for Schoop to earn another $27 mm in his career, though he’s still a very solid player right now.   So I’m guessing he will turn out to be a losing proposition for Fantex, especially considering the time value of money.    

Meanwhile, the Fantex model didn’t really pan out.   They were publicly traded for a while, but delisted and are just winding down their investments.   
 

27M to break even net dollars, but that would still be quite a loser factoring in TVM

[Just Regular]

I admit if I was 29 and had $20M, "future income" would probably not be much of a priority - but this is more wondering if he becomes Netherlands Vin Scully the next 50 years or something else meaningfully lucrative, whether Fantex would continue to inch back.   

I imagine Fantex would also "encourage" him to look to Asia, etc once even Spring Training invites dry up here, but guessing they have no more authority there than I do to get Lindor on to the '22 team.

[scOtt]

1 hour ago, owknows said:

We should bring him back at 7 yrs, and 161 million guaranteed.... just for old times' sake.

I don't think Big Peter is in any condition to negotiate a contract any more.

 

 

If he EVER was...

[DrinkinWithFermi]

Would bringing Schoop back and trying him at 3B make any sense? He has some experience there already, plus he's still only 29 and hit pretty well last year. A 1 or 2 year deal with an option seems like it would be mutually beneficial.