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  #1  
Old 07-13-2009, 08:43 PM
GBBob GBBob is offline
Hialeah Park
  
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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
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Cannon Shell Cannon Shell is offline
Sha Tin
  
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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
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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
  
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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
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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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