A fun (nauseating) fact I did not know: Farhan structured Snell’s contract so that half of his 2024 salary was deferred to January 2026. Truly the gift that keeps on giving as I’m pretty sure unless ownership agrees to go over the CBT, the team now has $17m less to spend in FA this year before hitting it.
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Farhan is the gift that keeps on giving.
FTD. And I enjoyed seeing Snell get ‘relieved’ in the first game of the WS. If that’s the only game the Jays win – it will be enough.
They really needed to win both games at home.
Oh, great. Fucking great. I mean it will be great the ten or so years this is affecting the dodgers in a hopefully crippling way. But… Great.
Farhan was a Dodger mole and nobody can convince me otherwise.
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Nice of the big free agents are willing to come play for the Giants, so does it really matter?
I believe the majority of the deferral money would have had to be put into an escrow-type account the year it was deferred from. But I’ve read that sometimes teams have 2 years to do so, so who knows if they’ve already done it.
So it *might* not be as much out of pocket as it seems.
$15m isn’t going to make or break this team.
Edit: for reference, $15m last year wouldn’t even move us up a single position in total salary, we’d stay 14th in spending.
Ownership opening up the checkbook and getting us out of the middle of the salary pool is. We were 14th last year. Our market can support more than that. We should be in the top 10.
My soul was crushed a long time ago
It’s not our money. Dont worry about it
It shouldn’t affect the CBT amount, just the cash position. His CBT hit was $29.7M, just in 2024. (https://www.nytimes.com/athletic/5659860/2024/07/25/sf-giants-trade-deadline-luxury-tax/) It made him hard to gain value from trading him *last* year, though, since it was nontransferable.
>Farhan structured Snell’s contract so that half of his 2024 salary was deferred to January 2026.
That came from Boras, he wanted that money considered a signing bonus that wasn’t transferable to another team if Snell was traded, and the Giants agreed to that. But it will result in a very small hit to the Giants’ CBT situation, it isn’t that big a deal. There are other issues:
*All indications are that the Giants will listen to offers for Snell, who might be the most scouted player in the big leagues when he pitches the front end of a scheduled home doubleheader Saturday against the Colorado Rockies. But if the Giants are motivated to move him, it won’t be for financial reasons. It’d be to recoup the prospect talent they sacrificed when they surrendered a third-round draft pick to sign him. And it’d be because they surmise there’s a decent chance that he’d opt out after the season, anyway.*
[Even if Giants aggressively sell, go-for-broke season’s luxury tax implications are inescapable – The Athletic](https://www.nytimes.com/athletic/5659860/2024/07/25/sf-giants-trade-deadline-luxury-tax/)
If Snell’s deferred salary freaks you out, brace yourself, the Giants will be paying Devers until 2043.