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Lazorko Saves

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Posts posted by Lazorko Saves

  1. 5 hours ago, Inside Pitch said:

    This is the most current RDA allows teams to come close to depreciating 100% of the purchase price over the span of 15 years...  It's a huge tax win.

    Oh no, not the moronic "depreciation is a benefit to business owners" nonsense again.

    Does the "Award-Winning Attorney" in his article explain what depreciating purchase price does to your capital gains tax when it comes time to sell the team?  Oh he didn't did he?  So he lied by omission to push a stupid myth about depreciating nontangible assets are some special carve-out that benefits sports team owners.

    And he even implies that player salaries can be double deducted as operating expense and depreciable asset, with no offset.  This is an outright lie.  The player contract depreciation has an offset in the capital gains tax the owner will pay when he sells the team.  The capital asset gets written down to zero by year 15.  When the owner sells the team, the cost basis is reduced by that same amount.

    Note to self: Do not hire Martin J. Greenberg to do any work for me.  Not even to mow my lawn.

  2. These independent rankers who also do draft rankings *always* end up slotting the guys in top 100 lists in roughly same order as their draft rankings, at least for the first year after the draft.  BA also does this.  I can't blame them, it's pumping your own book until the players sort themselves out with a full year or two of minor league performance.

    Callis had Schanuel 26 overall in his draft rankings.  Angels took him 11 overall.  The next three picks were:

    12. ARI Tommy Troy (Callis: 17) (2024 Top 100: 74)

    13. CHC Matt Shaw  (Callis: 16) (2024 Top 100: 54)

    14. BOS Kyle Teel  (Callis: 7) (2024 Top 100: 40)

    All those guys Callis had ahead of Schanuel in his draft rankings.  And guess what?  They're all ahead of Schanuel in the top 100.

    Basically, it's Callis sticking with his own draft rankings until it becomes obvious who he was wrong on.

    Considering he thought there were 25 players in the draft better than Schanuel, it's at least a *little bit* of an admission of being too low on him on Callis' part by even having him in the top 100.  There are a fair number of guys who Callis had ahead in his draft ranking that aren't in the top 100, so again, that's bit of a tacit admission that Schanuel is already looking better than he thought at draft time.

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