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Magglio doesn't go so quietly aft


AnthraxFan93

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My aunt used to work for the Sox team neurosurgeon, I am not joking. He didn't make a living off of this but he would get great seats from time to time. The team podiatrist is a doctor that does good woork and they trust. Frank probably saw him because he has a foot problem, dah. It is up to Frank and whoever to see whomever they would like but the team has its'guys they trust.

 

It goes back to the whole controvery of the Raiders team doctors doing some shady crap and players using their right to see and do whatever they choose.

 

Remember when the guy on the Bears went in for cosmetic surgery on his knee and the doctor cut his ACL.

 

Not sure why I typed this but this whole story makes Maggs look like he is being fed crap by his beloved agent on what to say.

 

I see Maggs getting a deal around what Dye got.

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It is MLBs choice now.  When Steinbrenner offered a former Yankee, who played for other teams as well (I want to say Winfield?) a million dollars to make sure he wore a Yankee hat, Selig stepped in and said that he would decide.

I thought the straw the broke the camel's back was Wade Boggs going in as a Devil Ray. It was in his contract.

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You must have missed the part what good old JR wanted to Defer money for 20 years? Name another team that does that to their players? I think JR is Charles Comisky.

Your buddy Maggs.. is yet.. a liar again.

 

Here's the proof straight from the CBA..

 

 

Quote:

Deferred compensation obligations incurred in a Contract executed on or after September 30, 2002 must be fully funded, in an amount equal to the present value of the total deferred compensation obligation, on or before the second July 1 following the championship season in which the deferred compensation is earned.

 

For simplicity sake.. this means that deferred money must be "funded" (i.e. set aside) no later than July 1 two years after the money is earned. For example, money deferred for 2005 must be funded by July 1 2007. The money also must be funded at the net present value, meaning any interest accrued between when it's funded and when it's given to the player belongs to the player. In practice, there is no reason not to give it to the player on July 1.

 

 

 

Thanks to Ol' No 2 from WSI for digging this up. As for you.. do some research would ya.. it's not that difficult and it enforces credibility rather than make you look like a fool.

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Your buddy Maggs.. is yet.. a liar again.

 

Here's the proof straight from the CBA..

 

 

Quote:

Deferred compensation obligations incurred in a Contract executed on or after September 30, 2002 must be fully funded, in an amount equal to the present value of the total deferred compensation obligation, on or before the second July 1 following the championship season in which the deferred compensation is earned. 

 

For simplicity sake.. this means that deferred money must be "funded" (i.e. set aside) no later than July 1 two years after the money is earned. For example, money deferred for 2005 must be funded by July 1 2007. The money also must be funded at the net present value, meaning any interest accrued between when it's funded and when it's given to the player belongs to the player. In practice, there is no reason not to give it to the player on July 1.

 

 

 

Thanks to Ol' No 2 from WSI for digging this up. As for you.. do some research would ya.. it's not that difficult and it enforces credibility rather than make you look like a fool.

Steff,do you have a link to the CBA? I was searching and counldn't find it on-line?

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Steff,do you have a link to the CBA? I was searching and counldn't find it on-line?

I have a hard copy at home but this is one of the places I go to get stuff on line. It's pretty detailed, but I'm not sure if it's complete. It does have a link to the '01 agreement.

 

 

 

http://www.cbaforfans.com/main.html

 

I know the agreement is on line in PDF format.. I'll see if I can find it.

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Your buddy Maggs.. is yet.. a liar again.

 

Here's the proof straight from the CBA..

 

 

Quote:

Deferred compensation obligations incurred in a Contract executed on or after September 30, 2002 must be fully funded, in an amount equal to the present value of the total deferred compensation obligation, on or before the second July 1 following the championship season in which the deferred compensation is earned. 

 

For simplicity sake.. this means that deferred money must be "funded" (i.e. set aside) no later than July 1 two years after the money is earned. For example, money deferred for 2005 must be funded by July 1 2007. The money also must be funded at the net present value, meaning any interest accrued between when it's funded and when it's given to the player belongs to the player. In practice, there is no reason not to give it to the player on July 1.

 

 

 

Thanks to Ol' No 2 from WSI for digging this up. As for you.. do some research would ya.. it's not that difficult and it enforces credibility rather than make you look like a fool.

 

There are ways around this rule. Ask Vinny Castilla and the Rockies.

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You must have missed the part what good old JR wanted to Defer money for 20 years? Name another team that does that to their players? I think JR is Charles Comisky.

Bonds has money deffered to him until 2011.

 

Griffey Jr. has money deffered to him until 2024.

 

Clemens has money deffered to him until 2014 by the Yankees.

 

Charles' last name is spelled Comiskey.

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I do thank Ordonez for his years in Chicago and I do think that was nice of him to thank the Sox fans, and I guess I do somewhat agree that the Sox were trying to push the media to their side. But regarldless, there were faults on both sides and they couldn't reach an agreement. It's too bad that he won't be playing for the White Sox anymore.

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Had to steal this from Flight #24 on WSI..

 

 

Paraphrasing...

 

Magglio: "Sox wanted to defer $$$ like 20 years without interest"

Truth: CBA doesn't allow that

 

Magglio: "Sox recommended the dr in Austria to me"

Truth: The doc recommended it, but Magglio ASKED HIM NOT TO TELL THE TEAM

 

Magglio (via Boras): "I'm totally healed & ready to play right now"

Truth (per Maggs): Not totally healed, can run but not jump

 

Magglio (via Boras): "It was minor surgery"

Truth: It WAS minor, in the sense that something requiring experimental surgery not approved in the US can be considered minor

 

Magglio (via Boras): "The injury was relatively minor"

Truth (per Lowell Weill): The injury might be career threatening

 

Magglio: "Sox didn't make me feel wanted, I didn't feel like they wanted me to stay"

Truth: What about a long-term contract is it that screams "We don't want you"? Remember - there was no request for a no-trade or complaint about one not being in the deal.

 

 

Is there any doubt about who's lying here? Sure, the Sox aren't 100% clean, but Maggs/Boras are rolling in filth by comparison.

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Magglio: "Sox didn't make me feel wanted, I didn't feel like they wanted me to stay"

Truth: What about a long-term contract is it that screams "We don't want you"? Remember - there was no request for a no-trade or complaint about one not being in the deal.

Now for the real truth:

 

They wanted to ship Maggs off to Boston, Bring in Nomar and ship him off to LA for a propects.

 

Yeah that would make me feel wanted. :rolly

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With approval.. anything is posible. But deferred for 20 years..? GMAFB. Are you that gullible?

A-Rod was deferred More than 20 years. Not saying that Maggs is in the same position.

 

Alex Rodriguez in Texas Rangers Gear

 

That is where the baseball dollars come in. In baseball-contract announcements, all the money to be paid a player over the years is added up as if it were to be handed over in one lump sum today -- a calculation that pads a player's ego and titillates fans but is fundamentally flawed.

 

In Mr. Rodriguez's case, the term of the contract is 10 years. But Mr. Hicks believes his 25-year-old superstar will almost certainly work somewhere else after 2007. Mr. Rodriguez, nicknamed A-Rod, can opt out of the last three years if another baseball player is earning more than his $27-million-a-year salary. With a few players already earning around $20 million a year, "we really believe it will be a seven-year deal," Mr. Hicks says.

 

Over the seven years, Mr. Rodriguez is due to get $128 million in paychecks. He also will get a $10 million signing bonus spread equally over five years. Another $33 million in pay will be deferred, starting with $5 million deferred next year. He will get 3% annual interest on his deferred money and it will be paid out between 2011 and 2020. Mr. Hicks estimates he could set aside $4 million today and have it grow enough to pay out next year's $5 million deferred payment.

 

What it boils down to is that the present value of a lump sum of money is greater than the value of that same sum divided and paid over a period of time. "It's not really $252 million if you're making payments 20 years from now and it's only appreciating 3%. That's a significant discount," says Edward Freher, an executive compensation expert at consultant William M. Mercer. "But everyone likes headlines."

 

That is what is meant by having it fully funded within two years.

Edited by Texsox
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Had to steal this from Flight #24 on WSI..

 

 

Paraphrasing...

 

Magglio: "Sox wanted to defer $$$ like 20 years without interest"

Truth: CBA doesn't allow that

 

Magglio: "Sox recommended the dr in Austria to me"

Truth: The doc recommended it, but Magglio ASKED HIM NOT TO TELL THE TEAM

 

Magglio (via Boras): "I'm totally healed & ready to play right now"

Truth (per Maggs): Not totally healed, can run but not jump

 

Magglio (via Boras): "It was minor surgery"

Truth: It WAS minor, in the sense that something requiring experimental surgery not approved in the US can be considered minor

 

Magglio (via Boras): "The injury was relatively minor"

Truth (per Lowell Weill): The injury might be career threatening

 

Magglio: "Sox didn't make me feel wanted, I didn't feel like they wanted me to stay"

Truth: What about a long-term contract is it that screams "We don't want you"? Remember - there was no request for a no-trade or complaint about one not being in the deal.

 

 

Is there any doubt about who's lying here? Sure, the Sox aren't 100% clean, but Maggs/Boras are rolling in filth by comparison.

:notworthy :notworthy :notworthy

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Now for the real truth:

 

They wanted to ship Maggs off to Boston, Bring in Nomar and ship him off to LA for a propects.

 

Yeah that would make me feel wanted. :rolly

I'm putting in a trade request for you to the MLB boards.. you'd fit in there perfectly.

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With approval.. anything is posible. But deferred for 20 years..? GMAFB. Are you that gullible?

I guess I am. It depends how much is deferred 20 years, how much 10 years etc. It wouldn't surprise me at all if a portion was deferred 20 years. JR has the White Sox in good financial order. I don't believe they have much debt , if any. If Selig would approve such a contract, it would be with the White Sox.

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So your saying that Maggs has no say in his contract?  :huh:

 

And I'm the  :dips***

 

:rolly

Of course he does.. But he does not have say in the financal status of the team. Deferring money would be considered a liability to the team. By CBA rules a team can NOT have more than 10 times it's EDITDA at any given time. Any financial obligations would have to be approved by MLB as to not violate the financial restrictons.

 

Are you just screwing around or are you really this dense..?

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I guess I am. It depends how much is deferred 20 years, how much 10 years etc. It wouldn't surprise me at all if a portion was deferred 20 years. JR has the White Sox in good financial order. I don't believe they have much debt , if any. If Selig would approve such a contract, it would be with the White Sox.

According to Forbes report last year the Sox have a debt level of 12%, FWIW.

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Julio Cruz just came off the books last year. Think he was pissed he had a nice stream of income for 20 years?

 

Think Connie Payton is pissed about deferred payments.

 

Go ask James Rodney Richard if deferred payments are a bad thing? He was a childhood hero know he resides under a bridge (at least he did a year or two back.)

 

Sorry I'll take a guaranteed $5-7M /yr for 20 years instead of $14M/yr for 5 yr.

 

Scott Boras won't do this becasue he can invest better then a guaranteed annuity. Although No Tippin Pippen thought he had a guy that could do this to.

 

DEFERRED PAYMENTS ARE NOT A BAD THING!!!!!!!!!!!!!!!!!!!!!!!!

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