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Josh Hamilton’s contract includes Angels donating $2 million to charity

Dec 18, 2012, 11:51 AM EDT

I’m sure this isn’t all that unusual, but Ken Rosenthal of passes along this noteworthy detail in Josh Hamilton‘s five-year, $125 million contract with the Angels:

The money will go to Hamilton’s charity, “The Four Twelve Foundation.” And because of that stipulation MLB has officially “valued” the contract at $123 million rather than $125 million.

  1. davidpom50 - Dec 18, 2012 at 11:56 AM

    Didn’t the Dodgers include a clause in Manny Ramirez’s contract that MANNY had to donate to the DODGER’S charity? The charity that was really just another way for McCourt and his cronies to steal?

    • deadeyedesign23 - Dec 18, 2012 at 12:14 PM

      Yes they did. And yes it was.

  2. kkolchak - Dec 18, 2012 at 12:16 PM

    So why couldn’t Hamilton donate the money out of his own pocket? Such a fine example of “Christian” charity.

    • historiophiliac - Dec 18, 2012 at 12:24 PM

      How do you know he doesn’t donate out of his pocket too?

      • kkolchak - Dec 18, 2012 at 12:28 PM

        Even if he does, having the team make a huge donation on his behalf sure doesn’t make it look like he’s doing it out of the goodness of his heart.

      • historiophiliac - Dec 18, 2012 at 12:30 PM

        Yes, but he got the Angels to do some additional giving, and in my book, that’s a good thing.

    • davidpom50 - Dec 18, 2012 at 12:31 PM

      It’s Josh’s own charity. I’m sure he donates plenty. But part of running a charity is also soliciting donations.

      • kkolchak - Dec 18, 2012 at 12:37 PM

        Sorry, but I am always suspicious of these sports player charities. There’s no transparency there, and as we saw in the Petraeus scandal with that horrible woman Jill Kelly and her husband, charities can easily get abused for the benefit of their creators and it isn’t even illegal.

      • shynessismyelguapo - Dec 18, 2012 at 12:51 PM

        Why yes. The Petraeus scandal is in fact the most apt comparison to a baseball player having his team give money to charity as part of his contract. This is not at all the most insane comparison I’ve read today. I am absolutely not banging my head against my desk right now, over and over again, in hopes that the subsequent brain damage will cause me to forget about reading your post. I’m not at all hoping the roof of your building collapses, crushes your fingers and preventing you from every typing such utter nonsense again. No sir, none of those things.

      • kkolchak - Dec 18, 2012 at 12:57 PM

        Just because you totally missed my point does not render it invalid.

      • shynessismyelguapo - Dec 18, 2012 at 1:01 PM

        I think you’re point was:

        “Sometimes charities are bad. Therefore, Josh Hamilton’s charity, which I know nothing about, is bad and use in place to benefit only Josh Hamilton. I make these claims with zero evidence in anyway what so ever”.

        That’s about the sum of it…right?

      • kkolchak - Dec 18, 2012 at 1:27 PM

        Nope, it’s that a cheesy move like having the team make a donation on his behalf is a reason to be wary of it. But I’m naturally suspicious of everybody who has their hand out, even more so if they are a celebrity That’s just the way I roll.

      • ezthinking - Dec 18, 2012 at 1:44 PM

        kkolchak, you probably own alot of guys just in case the zombie attack or you need to ‘protect yourself’ against the government, too.

        Being so cynical is a waste of your time. Go volunteer somewhere, you’ll feel better.

      • HitsDingers - Dec 18, 2012 at 2:47 PM

        Hamilton’s charity, The Four Twelve Foundation, is run by Josh, his wife, and his agent. And it doesn’t have a website. What kind of serious charity, seeking donations to help people, doesn’t have a website? Paying the charity is just a tax-avoiding way to pay Hamilton the same amount of money.

      • hconnor2001 - Dec 18, 2012 at 5:10 PM

        I guess if you intend to give a proportion of your salary to charity and can get tax relief on it by getting your employer to donate it directly rather than you receiving it and then passing it on then why not? Of course, this is just one scenario and I don’t even live in the US so don’t know how it might work in practice.

        However it works, pleased to see the majority of people here are being reasonably uncynical about it.

    • shynessismyelguapo - Dec 18, 2012 at 12:43 PM

      Helping set his contract so nearly a half-million dollars a year goes into a charity….what a jerk? AmIright? The honorable thing to do would be…not that…I guess?

      I could the sarcastic “Christian” remark if the charity was used to give hungry children Bibles so they could pray to Jesus for food, but I kind of doubt that’s what it is. Secondly, getting a team to donate money to charity says nothing in any way about his own contributions or lack thereof. I’m going to guess that since he had this put into his contract, he probably finds it pretty important and donates himself.

    • drunkenhooliganism - Dec 18, 2012 at 12:56 PM

      Because of this clause in his contract, you have now heard of the charity.

      I still don’t know what they do. I actually did a two minute search on the internet and can’t find anything about the foundation other than it was founded this year and that the Angels are giving them money.

      An educated guess is that it’s about youth ministry. A pessimistic guess would be that it’s to get needed chemicals into the hands of meth manufacturers

      • shynessismyelguapo - Dec 18, 2012 at 1:05 PM

        You may be on to something. I think kkolchak is a pretty intelligent guy, and not at all a total mental deficient. My top theory is that Hamilton’s charity is an orphanage… that secretly murders the orphans and turns them into high quality leather shoes.

    • mianfr - Dec 18, 2012 at 1:20 PM

      I think it’s perfectly fine Christian charity and good for the Angels and Josh, but it’s kind of a dumb move financially on his part.

      He’s actually sacrificing quite the tax break by making a team donate money that would have gone to him instead of just donating it himself.

      • danrizzle - Dec 18, 2012 at 2:05 PM

        I was going to make the same point. I’m no tax whiz but charitable donation deductions are limited to 50% of adjusted gross income. So while I would highly doubt it that Hamilton intends to exceed that amount, by allowing the Angels to make that donation directly to the charity rather than through him he can donate as much as he wants to it and be able to deduct the whole thing, up to 50% AGI.

    • albertmn - Dec 18, 2012 at 2:10 PM

      I am neither an accountant nor a tax specialist, but I would guess there are tax implications. Is there a cap on how much charity is tax deductible? If so, it is possible that Hamilton is already over that, and any additional money would be taxed as his income first, which may leave less to go to the charity than if it is given directly to the charity. But, just a guess on my part.

    • cosanostra71 - Dec 18, 2012 at 2:12 PM

      How much money do you donate to charity every year? How much time do you devote to giving back? Would you ever expend the effort necessary to found and run a charitable organization? Maybe get your own house in order before you criticize someone else for doing something great.

    • stlouis1baseball - Dec 18, 2012 at 5:12 PM

      Really kkolchak? What damn difference does it make.
      I mean…his pocket…the teams pocket. 2million is 2million is 2million.
      Either way…it’s in HIS contract. So the why I see it…it very much is his monies.
      It matters not. As mentioned…2million is 2million is 2million.

    • thereisaparty - Dec 18, 2012 at 5:56 PM

      Josh Hamilton, as quoted by S.L. Price in the Sports Illustrated cover feature:

      “That’s in the forefront of any kind of thought we have about our next contract. The bigger it is, the more we can give away. It’s cool to think about all the different ways you can help people by playing baseball. Who couldn’t live on a million, two million, three million?”

      But please continue to judge him.

    • mazblast - Dec 19, 2012 at 1:31 AM

      It makes no difference to the charity and can help his personal tax situation, depending on circumstances and location. I’m not currently up on California tax rules, but here in Ohio this arrangement would save him about $110,000-$120,000 over the five years. It could also save the Angels some money, depending on their tax structure.

  3. lewp - Dec 18, 2012 at 12:24 PM

    Perhaps Josh should tend to a little legal issue as well.

    “DALLAS (AP) — A small Texas startup has sued former American League MVP Josh Hamilton over a “Play Hard, Pray Harder” clothing line sold by the maker of Christian-inspired products, whose founder said Saturday is no longer in business with the slugger’s family.”

    It’s a shame he tried to steal someone else’s idea.

    • danrizzle - Dec 18, 2012 at 2:07 PM

      I don’t know if Hamilton is honest or not, but a report based upon the complaint in a legal action is not exactly the place to get the full story on something.

  4. miketreedy - Dec 18, 2012 at 12:59 PM

    That’s like 1.6% of the contract value. Plus it’s to his own charity which he uses to write off much of his expenses. He is just so darn giving!

    • cosanostra71 - Dec 18, 2012 at 1:17 PM

      Yeah, what a cheapskate. I’m sure your charity that you set up is soliciting more donations, and I’m sure you donate more than $2 million to other charities so that you can’t be accused of writing it off.

    • thereisaparty - Dec 18, 2012 at 6:04 PM

      I will once again take a quote from S.L. Price’s “The Curse of Bigness” (SI, 7.11.2012)

      “Fans and reporters are so far off base with where we are,” Katie [Hamilton] says. “They’ll say, ‘Oh, Josh doesn’t care about the money.’ No, we don’t really care about the money so much for us, but we have huge plans for this money and, no, it’s not strictly for our bank account. It is for a hurting world.”

  5. fanofevilempire - Dec 18, 2012 at 1:15 PM

    what is the BIG deal,,,,,,,,,,,,,,,,,,,,,
    the money is from HIS contract and considered his donation and yes he can right it off.
    there is a reason the club is a middle man, so he can’t blow the money and the charity loses out.

    you would think the money is coming from ALL the haters above who can’t even explain what they
    have read but criticizes something they cannot comprehend.

    oh boy !

  6. Jonny 5 - Dec 18, 2012 at 1:42 PM

    Reading the comments section makes me wonder how some people manage to log onto their computers to post, being that their heads are planted firmly between two glutes.

    • stlouis1baseball - Dec 18, 2012 at 5:14 PM

      Hahaha! I have missed ya’ Jonny.

  7. eshine76 - Dec 18, 2012 at 2:30 PM

    Did anyone ever think that maybe the Angels “final” offer was $123 million and Josh came back with “donate $400k a year to my charity and you’ve got a deal?”

  8. blowmebears - Dec 18, 2012 at 4:50 PM

    that $2mil is going to his cocaine and vodka fund…
    this loser will be found passed out or dead in a Compton alley before opening day!

    • stlouis1baseball - Dec 18, 2012 at 5:16 PM

      BlowME: Thanks for that positive post. We sincerely appreciate your heartfelt contribution.
      If you will excuse me…I am going to go home now and take a shower because (strangely) I feel dirty.

      • blowmebears - Dec 18, 2012 at 5:40 PM

        good idea…I can smell you from here!

    • stlouis1baseball - Dec 18, 2012 at 5:47 PM

      Sounds like you have had a terrible day BlowME. Hears to hoping your evening is much better.
      Take care Stymie!

      • stlouis1baseball - Dec 18, 2012 at 5:48 PM

        Hears – Here’s. Sorry people. Long day. Going home now.

  9. rayfeathers - Dec 19, 2012 at 1:45 PM

    what bullshit. he’s donating less than 2% of his contract to his own charity? i think this guys crooked and hides behind all his god shit to get away with it.

  10. cavemanna - Dec 19, 2012 at 1:53 PM

    If he wasn’t a known Christian, you would think the guy was business savy and made an intelligent financial move while giving towards a charitable foundation. What a good dude. But since he’s Christian. He’s suspicious and morally wrong/dirty behind the scenes. Somewhere deep inside, there’s anger and resentment towards Christianity. I think the source of that anger is more suspicious than Mr Hamilton and his charity arrangements

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