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Tatis Jr. Sues Big League Advance Over Predatory Loan Deal

He argues that Big League Advance misrepresented its terms in the 2018 agreement he signed as a 17-year-old

SEOUL, SOUTH KOREA - MARCH 21: Fernando Tatis Jr. #23 of the San Diego Padres celebrates the team's 15-11 victory in the 2024 Seoul Series game between San Diego Padres and Los Angeles Dodgers at Gocheok Sky Dome on March 21, 2024 in Seoul, South Korea.
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Overview

  • On June 23, Tatis Jr. filed a lawsuit in San Diego County Superior Court against Big League Advance Fund and Big League Advantage, LLC accusing them of predatory lending.
  • He alleges that in 2018, as a 17-year-old minor leaguer, he received $2 million upfront in exchange for 10 percent of his future earnings under misrepresented loan terms.
  • The lawsuit claims the unlicensed lender concealed its status and violated California consumer protection laws, seeking to void the pact that could require him to pay up to $34 million from his $340 million contract.
  • He is also requesting public injunctive relief to prevent BLA from using similar agreements on other young athletes.
  • The case follows MLBPA warnings about BLA’s business model and earlier legal actions by players such as Francisco Mejía against the company.