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  #1  
Old 07-13-2009, 08:43 PM
GBBob GBBob is offline
Hialeah Park
 
Join Date: Jun 2007
Posts: 6,341
Default Cubs to file bankruptcy?

What a bunch of crap...

http://sports.espn.go.com/mlb/news/story?id=4324073
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  #2  
Old 07-13-2009, 10:01 PM
Cannon Shell's Avatar
Cannon Shell Cannon Shell is offline
Sha Tin
 
Join Date: Aug 2006
Posts: 20,855
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Quote:
Originally Posted by GBBob
Too bad there isnt a clause in the players contracts that declare them free agents if the team files bankruptcy.
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  #3  
Old 07-13-2009, 10:05 PM
Scav Scav is offline
Saratoga
 
Join Date: May 2006
Location: Northwest of The Chi
Posts: 16,012
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Quote:
Originally Posted by Cannon Shell
Too bad there isnt a clause in the players contracts that declare them free agents if the team files bankruptcy.
My personal boycott is WORKING!!
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  #4  
Old 07-14-2009, 12:31 AM
docicu3 docicu3 is offline
The Curragh
 
Join Date: Jun 2006
Posts: 2,778
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Quote:
Originally Posted by Cannon Shell
Too bad there isnt a clause in the players contracts that declare them free agents if the team files bankruptcy.

I would love to hear a respected legal voice chime in on this one......Is it possible that when you seek protection from debt you are not reorganizing that your assests (player contract) become vulnerable under some circumstances?
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  #5  
Old 07-15-2009, 02:18 PM
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pdrift1 pdrift1 is offline
Hippodrome Bluebonnets
 
Join Date: Jun 2006
Posts: 706
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Quote:
Originally Posted by Cannon Shell
Too bad there isnt a clause in the players contracts that declare them free agents if the team files bankruptcy.
yeah if i played for the cubs i'd look for any way out of that organization also
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