Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»World»Why would the Nationals take on World Series hero Stephen Strasburg?
World

Why would the Nationals take on World Series hero Stephen Strasburg?

The Elite Times TeamBy The Elite Times TeamFebruary 16, 2024No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

Stephen Strasburg was the team’s MVP in 2019 when the Nationals won their first World Series since the 1924 Senators. Strasburg won Game 2 (6 innings, 2 runs, 7 strikeouts, 1 walk) and won or homered in Game 6 (8 1/3 innings, 2 runs, 7 strikeouts, 5 hits, 2 walks). won. road.

The Nationals want to honor Strasburg, one of the organization’s defining stars. That much is clear. But are they willing to pay him the remainder of his contract as originally agreed? That becomes ambiguous.

Strasburg last pitched in a game in June 2022, suffering severe nerve damage that thwarted multiple attempts to return to the mound. General manager Mike Rizzo said last year that Strasburg would eventually join the team’s circle of honor as one of its great stars. The team approached Strasburg last year about retiring, and planning for the press conference was well advanced, with the team setting a tentative September date. Then everything fell apart when the owners wanted Strasburg, who was on a fully guaranteed $245 million contract, to change the terms of his contract to benefit them.

Currently, Strasburg (technically still on the Nationals’ 40-man roster) is not participating in spring training, and the Nationals have made it clear he is expected to participate.

“Yes, he is invited along with the other players on our 40-man roster,” general manager Mike Rizzo told reporters Wednesday. “He has until February 24th to be here and yeah, I expect him to be here.”

Why are the Nationals prolonging this with an injured raw star? Why is Strasburg, who by all accounts would rather be anywhere than spring training, practicing? money.

Strasburg, who signed a seven-year, $245 million contract through 2020, will be paid $35 million annually over the next three seasons. The owners want to defer that funding, but the amount and duration are unclear, according to people briefed on the negotiations.

Strasburg already has to pay $80 million in deferred payments from 2027 to 2029. (He will also receive $3.9 million in interest in 2029, according to Spotrac.) Restructuring the contract would give Strasburg and Patrick more than half of his 2024 salary, about $126 million. That would free up a lot of money for the Nationals, who are allocating it to Corbin. (Corbin, who is in the final year of a six-year, $140 million contract, will earn $35 million in 2024, but $10 million of that will be deferred, interest-free, from November 2024 to January 2026. ).

It’s unclear whether Strasburg’s proposed extensions would include interest or for how long, but a person briefed on the negotiations called them “significant.” said.

No matter what the offer is, it’s Strasburg’s money and he has the right to say no to any addendum to the contract. A few months after he hoisted the MVP trophy, the two sides agreed to a deal. Strasburg could go on injured reserve and play the remainder of his contract if he wishes, which would cost the Nationals a 40-man roster spot for next offseason. Teams and players often reach a settlement in these situations, because while a major league contract is guaranteed, remaining pay is forfeited when a player voluntarily retires.

So if Strasburg has all the power here, there’s nothing the Nationals can do, right? Not necessarily. Technically speaking, clubs can impose discipline if a player does not arrive by the mandatory spring reporting date.

Still, it would be hard to imagine the Nationals punishing Strasburg if he’s not in West Palm Beach. Not only is it bad publicity, but that mandatory date is actually for clubs to argue that players arriving after that time may not have enough time to prepare for the season. Players are not paid in spring training, and contracts typically begin around April 1st. In Strasburg’s case, he’s not ready to play, and both sides have publicly acknowledged that.

Rather, Strasburg will be a coach and mentor to young players, something the Nationals have said they want Strasburg to do. Even though he was visibly injured (a 2021 surgery removed his ribs and two muscles in his neck), Strasburg was physically deteriorating to the point where he couldn’t play catch or simulate a windup. Even if.

Everything is messy. Do the Nationals really think the shy and reserved Strasburg would be a good coach, or is this just an attempt to shore him up to regain power? Is it a pleasant spring sight to see Strasburg, downtrodden in his locker, barely acknowledged by reporters even when healthy and playing? Or is the very idea itself threatening enough to force a man who has always shunned the spotlight into a new deal?

Whatever this is, it’s awful for a team to do something like this to a player who helped change the identity of DC baseball and who signed a contract to get better terms for the players. .

Strasburg isn’t the first player with millions of dollars on his contract deemed physically unable to play. But in cases like David Wright and Prince Fielder, their respective teams had insurance policies that paid a portion of the players’ salaries. In the case of both Fielder (who was released by the Rangers) and Wright (who was released and became a special advisor to the Mets), settlements were reached with insurance companies for some of the money. Wright also agreed to restructure his salary by $15 million in 2019.

The Nationals took no insurance against Strasburg. The feeling was that even if the club and company agreed on a policy, the premiums would be prohibitive given Strasburg’s long injury history and age. If they had done so, perhaps some of the money could have been paid out. Possibly ownership was enough to digest the rest. Perhaps Strasburg, despite his aversion to attention, would have smiled and endured the pleasant podium scene for a few minutes.

Instead, we’re in the first few days of spring training, with the Nationals playing against their homegrown stars.

(Top photo: Kelly Gavin / MLB Photos via Getty Images)

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBill to address Vermont school finance turmoil moves forward despite criticism | News | 7 days
Next Article How to align your PR and marketing strategies to get the best of both worlds
The Elite Times Team
  • Website

Related Posts

Take a look inside the New York Stock Exchange, the world’s largest stock market

March 26, 2024

China challenges Biden’s electric vehicle plan at World Trade Organization

March 26, 2024

Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

March 26, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

BYD aims to acquire major lithium company to expand EV battery business

By The Elite Times TeamJanuary 15, 2024

[ad_1] Leading Chinese EV maker BYD has entered into “active” talks with lithium producer Sigma…

Lawmakers announce agreement to expand child tax credit and business deduction

January 17, 2024

AI: A moment of transformation for business technology

January 18, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.