Wilson 6th highest paid athlete worldwide

ThePro
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Re: Wilson 6th highest paid athlete worldwide

Post by ThePro » Mon Jun 17, 2019 1:04 pm

ThePro wrote:
Mon Jun 17, 2019 12:00 pm
Sibelius Hindemith wrote:
Mon Jun 17, 2019 3:35 am

So what does "yearly cash" mean exactly? I thought you said that his yearly cash for 2019 already included 30 mil of his signing bonus
If you look earlier in this thread we already had this conversation. .. ice99 is doing a face palm right now :lol:

Yearly cash is the exact amount Wilson gets paid from his contract this year. 30 mil signing bonus+ 5 mil million base salary = 35 million yearly cash.

Next year 18 mil base salary + 35 mil signing bonus = 53 mil yearly cash

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Sibelius Hindemith
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Re: Wilson 6th highest paid athlete worldwide

Post by Sibelius Hindemith » Mon Jun 17, 2019 9:33 pm

It just seemed like two different things are being stated.

1. $15 M base salary plus $65 M signing bonus equals the $80 M salary reported by Forbes.
2. $5 M base salary plus $30M of his signing bonus equals the actual amount Wilson got paid

Why are those two numbers different?

ThePro
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Re: Wilson 6th highest paid athlete worldwide

Post by ThePro » Mon Jun 17, 2019 9:58 pm

Sibelius Hindemith wrote:
Mon Jun 17, 2019 9:33 pm
It just seemed like two different things are being stated.

1. $15 M base salary plus $65 M signing bonus equals the $80 M salary reported by Forbes.
2. $5 M base salary plus $30M of his signing bonus equals the actual amount Wilson got paid

Why are those two numbers different?
Because there is no 15 mil base salary. Where are you seeing that? Wilson's signing bonus is prorated over two seasons 30 this year and 35 next year.

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Sibelius Hindemith
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Re: Wilson 6th highest paid athlete worldwide

Post by Sibelius Hindemith » Mon Jun 17, 2019 10:28 pm

Okay, the $15 M was his yearly cash for 2018. Sorry for the confusion there.

So why did Forbes count his full signing bonus towards his earnings that year if he only got paid 30 mil of it?

ice99
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Re: Wilson 6th highest paid athlete worldwide

Post by ice99 » Mon Jun 17, 2019 10:40 pm

Sibelius Hindemith wrote:
Mon Jun 17, 2019 10:28 pm
Okay, the $15 M was his yearly cash for 2018. Sorry for the confusion there.

So why did Forbes count his full signing bonus towards his earnings that year if he only got paid 30 mil of it?
I could be wrong but I see it like this. They are trying to compare players from different sports and different teams. Their yardstick is to use June to June earnings.

If a player is being paid a signing bonus in two installments instead of one, do they say that the two installment player earned less? I'm guessing that they made the call that they want to count the bonuses as fully paid in their rankings. Note that I'm not necessarily advocating it, but it seems that's what they did.

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D-train
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Re: Wilson 6th highest paid athlete worldwide

Post by D-train » Mon Jun 17, 2019 10:57 pm

Guessing he may drop a bit next year given the way they handle it. LOL. From about 6 to 600
dt

ThePro
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Re: Wilson 6th highest paid athlete worldwide

Post by ThePro » Mon Jun 17, 2019 11:20 pm

Sibelius Hindemith wrote:
Mon Jun 17, 2019 10:28 pm
Okay, the $15 M was his yearly cash for 2018. Sorry for the confusion there.

So why did Forbes count his full signing bonus towards his earnings that year if he only got paid 30 mil of it?
Cause they're Forbes and they think they're cool...

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Donn Beach
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Re: Wilson 6th highest paid athlete worldwide

Post by Donn Beach » Wed Jun 19, 2019 1:10 am

when they earned it, not when they were paid it
Methodology
Forbes' earnings figures include all prize money, salaries and bonuses earned between June 1, 2018, and June 1, 2019. In the case of baseball players, the listed salary will include salary from the 2018 and 2019 seasons, as well as any signing, award or playoff bonuses. Football player salaries cover the 2018 base salary, plus bonuses earned over those 12 months, including option, signing, playoff and workout bonuses. Winnings for golfers and tennis players represent their prize money over that period.

Endorsement incomes are an estimate of sponsorship deals, appearance fees and licensing income for the 12 months through June 1 based on conversations with dozens of industry insiders. The golfers’ income includes course design work. We do not deduct for taxes or agents’ fees, and we do not include investment income. Our list includes athletes active at any point during our time frame.
https://www.forbes.com/sites/kurtbadenh ... 175f936bbe

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D-train
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Re: Wilson 6th highest paid athlete worldwide

Post by D-train » Wed Jun 19, 2019 1:25 am

Its lazy. You don't earn an entire signing bonus in year one of a multi year contract.
dt

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Donn Beach
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Re: Wilson 6th highest paid athlete worldwide

Post by Donn Beach » Wed Jun 19, 2019 1:33 am

a signing bonus is an incentive to sign a contract, he earned it by signing the contract didn't he, he did that at the beginning of the contract.

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