Can anyone tell me what the professional baseball scholarship plan is?

http://www.hsbaseballweb.com/pro-scouting/pro-scholarship_plan.htm

Here you go, ballfan13.

When a player is drafted out of high school or after the junior year of college, the MLB team will negotiate payments for college education, typically after your professional career is finished.

But, it can be used while playing as well.

There may be more explanation about how it works on this website.

You might check near the link that i have provided above.

There is a summary about the plan either on this website or the MLB.com.

I just can't find it right this minute.

There is also a time frame involved--make sure you check it out

quote:

When a player is drafted out of high school or after the junior year of college, the MLB team will negotiate payments for college education, typically after your professional career is finished.

This can also be offered to players who are drafted out of junior college, and players CAN utilize the funds while they are playing ... many take fall courses in the off-season (if their major permits ... our son's chemistry major doesn't fit into this option as some courses are sequential and can only be taken in the winter or spring quarter).

In addition to the timeframe TR mentions, you need to be sure that the student/player does not lose his completed credits by taking too long to reinstate his student status. From what I have heard, many schools require a student to reinstate his active student status within 5 years of first leaving school to pursue his professional baseball career. (Did that make sense?)

I think we were told they now tax that money.

And it had to be use within two years of leaving professional baseball or you lose it. As FBM said it also can be used during the off-season if a player can work it into his schedule, but I think once he starts he still has to continue within the two year period? Not real sure on that.

but I think once he starts he still has to continue within the two year period? Not real sure on that.

I think your right....the clock starts ticking.

so it's almost better to avoid the scholarship plan and just spend the money however you want?

quote:

Originally posted by ballfan13:
so it's almost better to avoid the scholarship plan and just spend the money however you want?

I heard also they wanted to tax it when you are reimburshed.

The time frame issue shouldnt be an issue. If you go to college there is a time frame to use it as well. That year only.

The MLB college scholarship plan is a good one. Very good. Forget the time frame issue, use it. Its a guaranteed 4 year scholarship, unlike one from a college which is year to year and can be reduced each year.

Don't make a big issue out of the time limit. If your going to get a college degree, then go get it. The money is there. Why wait?

The time frame is subject to when you begin. You have two years to begin using the plan once you no longer are playing professional baseball. You can even request a 3rd year before you begin.

You can not do better than a 4 year Guarantee! Its a FULL Scholarship. A FULL 4 YEAR Scholarship.

Most clubs today have a full time educational consultant that works with and keeps up with and counsels players on their educational paths. That person is a full time professor or Dean of a local University of where the big league team plays. More and more clubs are taking serious the educational process for the players they sign.

quote:

reimburshed

explain please.

it's my understanding every team puts a given amount into this plan.the money comes from mlb. so the team's won't give you money in leu of the plan. take the plan.

swing builder
I know a player has 2 yrs to start his education when he is out of pro ball
But if a player starts using his scholarship in the fall after his rookie yr. does the clock start ticking? Will he lose the scholarship if he does not continue his education in the the next 2 yrs?

No....as long as he is playing the clock doesn't start.

Teams will give money instead of the plan. But not in all situations.

More and more players are going to school on line and through institutions that have a quarter system. That way they can attend the winter quarter. Then they will take a class on line in the fall and some even take a class or two during the season.

reimbursed means you can pay up front and then submit your expenses.

The best way is to just let MLB pay the bill. They will directly pay the bill to the University.

quote:

Originally posted by swingbuilder:
No....as long as he is playing the clock doesn't start.

swingbuilder

Thanks for clearing that up for me.