NEW YORK — Fernando Tatis Jr. ‘s payday from baseball’s longest contract is not quite what it appears.
The 22-year-old star shortstop signed a $340 million, 14-year deal with the San Diego Padres, the third-highest deal in the sport’s history.
But the son of the only major leaguer to hit two grand slams in one inning will be giving up a percentage of his fortune to Big League Advance, a company founded in 2016 by former minor league pitcher Michael Schwimer to invest in prospects making low salaries. Think of it along the lines of stock traders buying Apple in the company’s early years.
Tatis agreed to receive money from BLA when he was just a budding prospect in exchange for part of his future salary.