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Washington Post
5 hours ago
- Business
- Washington Post
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
SAN DIEGO — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him about $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges.
Reuters
6 hours ago
- Business
- Reuters
Padres' Fernando Tatis Jr. sues to void future earnings deal
June 24 - San Diego Padres star Fernando Tatis Jr. filed a lawsuit on Monday against Big League Advance (BLA), attempting to void a contract he signed as a teenage minor-leaguer that states he owes the company a share of his future earnings. According to the suit, filed in San Diego County Superior Court, the 26-year-old Tatis signed a deal with BLA in 2017 as a 17-year-old player that paid him $2 million in exchange for 10 percent of his future earnings. Per the contract with BLA, Tatis would owe the company $34 million after signing a 14-year, $340 million deal in February 2021. Per a press release from Tatis' legal team, the two-time All-Star is looking to hold BLA accountable for "exploitative, predatory business practices, which shamelessly push illegal loans on young, vulnerable athletes -- most from economically disadvantaged Latin American countries." The year after he signed the deal with BLA, Tatis was a top 10 prospect in baseball and debuted with San Diego in 2019. In a 2018 interview with The Athletic, Tatis said, "I'm not afraid. I'm not going to spend that money stupidly. You've got to be smart with your decisions, with what you're going to do." Now Tatis is aiming to protect younger players from "predatory lenders." "I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family," Tatis said in a press release. "I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes -- kids' focus should be on their passion for baseball, not dodging shady business deals." Tatis entered Monday's game against the visiting Washington Nationals hitting .268 with 14 home runs and 34 RBIs in 75 games. In six seasons with the Padres spanning 591 games, Tatis is a .278 hitter with 141 home runs and 365 RBIs, along with 107 stolen bases. --Field Level Media
Fox Sports
8 hours ago
- Business
- Fox Sports
Padres' Star Fernando Tatis Sues Big League Advance
San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him about $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an "investment deal" that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. "I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family," Tatis said in a statement provided by a publicist. "I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids' focus should be on their passion for baseball, not dodging shady business deals." Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. "California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices," said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year. BLA sued former one-time Padres outfielder Franmil Reyes on June 16 in Delaware Superior Court, claiming breach of contract. BLA says Reyes owes $404,908.87 in past due payments plus $298,749.13 in interest, as well as a yet-to-be-determined amount from when he played in Japan. Reporting by The Associated Press. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account and follow leagues, teams and players to receive a personalized newsletter daily! recommended Get more from Major League Baseball Follow your favorites to get information about games, news and more in this topic
Al Arabiya
10 hours ago
- Business
- Al Arabiya
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an investment deal that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10 percent of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign unless the deal is voided. 'I'm fighting this battle not just for myself, but for everyone still chasing their dream and hoping to provide a better life for their family,' Tatis said in a statement provided by a publicist. 'I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes – kids' focus should be on their passion for baseball, not dodging shady business deals.' Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. 'California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive, and abusive practices,' said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year.
Yahoo
10 hours ago
- Business
- Yahoo
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
San Diego Padres' Fernando Tatis Jr. hits a home run in the seventh inning of a baseball game against the Kansas City Royals, Saturday, June 21, 2025, in San Diego. (AP Photo/Tony Ding) SAN DIEGO (AP) — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Advertisement Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. 'I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family," Tatis said in a statement provided by a publicist. "I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids' focus should be on their passion for baseball, not dodging shady business deals.' Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Advertisement Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. "California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices,' said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year. ___ AP MLB:
