Re: Cole Hamels

[COOL MAN]

This story of donatiing his new estate (and I don't think that's an overstated description) to charity is, IMO, justifiably getting a lot of legs in the media.

I realize the guy is a long-time star MLB pitcher; and hence, is making a fair amount of money. However, I couldn't help wondering how much "a fair amount of money" represented. Well, it so happens he's in the 5th year of a 6-year $144 million contract (which is apart from the $20 million+ he made prior to signing that deal).

Obviously, he never "needed" a 32,000 sq ft home (on 100 acres) for the sole purpose of accommodating his wife and 3 kids. But, I now also know a $9 million+ home......or whatever the actual build cost happened to be.....wasn't much of a stretch on his personal bank account.

I realize he'd been trying unsuccessfully to sell this as yet un-lived-in home; but going ahead and donating the place as a result is a pretty serious (and unusual) turn of events. I just hope the charity keeps the place for their long-term usage rather than turn around and sell it (which, I understand, is their current plan).

It's clear there are a fair number of philanthropic people out there in the world, but (IMO) Hamels has certainly distinguished himself with this particular gift.

 

[DvlDog4WVU]

This story of donatiing his new estate (and I don't think that's an overstated description) to charity is, IMO, justifiably getting a lot of legs in the media.

I realize the guy is a long-time star MLB pitcher; and hence, is making a fair amount of money. However, I couldn't help wondering how much "a fair amount of money" represented. Well, it so happens he's in the 5th year of a 6-year $144 million contract (which is apart from the $20 million+ he made prior to signing that deal).

Obviously, he never "needed" a 32,000 sq ft home (on 100 acres) for the sole purpose of accommodating his wife and 3 kids. But, I now also know a $9 million+ home......or whatever the actual build cost happened to be.....wasn't much of a stretch on his personal bank account. I realize he'd been trying unsuccessfully to sell this as yet un-lived-in home; but going ahead and donating the place as a result is a pretty serious (and unusual) turn of events.

Anyway, there are a fair number of philanthropic people out there in the world, but (IMO) Hamels has certainly distinguished himself with this particular gift.

It’s like the Wayne Manor in The Dark Knight Rises.

 

[Boomboom521]

It’s like the Wayne Manor in The Dark Knight Rises.

Someone look for a cave nearby

 

[Airport]

This story of donatiing his new estate (and I don't think that's an overstated description) to charity is, IMO, justifiably getting a lot of legs in the media.

I realize the guy is a long-time star MLB pitcher; and hence, is making a fair amount of money. However, I couldn't help wondering how much "a fair amount of money" represented. Well, it so happens he's in the 5th year of a 6-year $144 million contract (which is apart from the $20 million+ he made prior to signing that deal).

Obviously, he never "needed" a 32,000 sq ft home (on 100 acres) for the sole purpose of accommodating his wife and 3 kids. But, I now also know a $9 million+ home......or whatever the actual build cost happened to be.....wasn't much of a stretch on his personal bank account.

I realize he'd been trying unsuccessfully to sell this as yet un-lived-in home; but going ahead and donating the place as a result is a pretty serious (and unusual) turn of events. I just hope the charity keeps the place for their long-term usage rather than turn around and sell it (which, I understand, is their current plan).

It's clear there are a fair number of philanthropic people out there in the world, but (IMO) Hamels has certainly distinguished himself with this particular gift.

I would imagine he gets a fantastic write off for this.

 

[COOL MAN]

I would imagine he gets a fantastic write off for this.

Something tells me Hamels and his wife probably didn't need to actually speak personally with their tax advisor(s) to come to the basic realization that a $9 million charitable gift might represent a better-than-usual addition to their 2017 Form 8283 (which I'd assume they file every year) .