Monday, August 30, 2010

UPDATE: Roger Clemens is Arraigned

Roger Clemens was arraigned today, and pleaded “Not Guilty” to the 6 charges he is facing, as expected. The next stage in the trial is jury selection, which was set to begin April 5, 2011, just about when the Bonds perjury trial should be concluding. Neither Clemens nor his lawyer said much yesterday, either in court or to reporters

Friday, August 20, 2010

Roger Clemens Indicted

Roger Clemens was indicted today on six counts of lying to Congress relating back to the testimony he gave to the House Committee in 2008. Among those six counts are two counts for perjury, three for making false statements, and one for obstruction of justice. This is another sad step in the life of what might be one of the top three pitchers of all time. There is some confusion over whether Clemens was forced to testify before Congress in 2008, or whether it was done voluntarily. Former Congressman Tom Davis states that Clemens willingly testified, even as he was warned against doing so by several committee members. Meanwhile, Clemens’ attorney Rusty Hardin claims Clemens was pressured into testifying before Congress, and really had no choice but to do so.

It will be very interesting to see how this plays out. Because the government screwed up the Barry Bonds perjury case, you can bet that they will do everything in their power to make sure Clemens is convicted, to set an example for future hearings before Congress. If convicted, it is quite possible that Clemens can spend time in jail, although it is unlikely to be a lengthy sentence. There are also reports that Clemens was offered a plea deal by the government, where in exchange for pleading guilty, he would avoid any jail time. However, Clemens adamantly denies ever taking steroids or HGH, and refused to plead guilty.

It seems this Clemens stubbornness is what prevented from taking the deal, as well as it is what put him in this position. Whether he was pressured to testify or did so voluntarily, he was not subpoenaed, and had every right to refuse. However, it was likely his stubbornness that made him believe he could stand before Congress, deny taking any performance-enhancing drugs, attempt to clear his name, and the law couldn’t touch him. Don’t get me wrong, it is not certain that he took steroids or HGH, but with the amount of witnesses coming out against him, including former friend Andy Pettitte, and the uncharacteristic statistics he put up at a time in his life when a person’s statistics generally fall significantly, there is a lot of evidence against him.

Friday, July 23, 2010

The Texas Rangers Saga Continues

The issue that has come up now, is when will the auction be held to determine the purchaser of the Texas Rangers. There was originally a hearing scheduled for August 4, where the bankruptcy court would hear bids from potential buyers. However, creditors and a court-appointed restructuring officer want the hearing delayed in order for other potential bidders to have time to obtain financing. On Wednesday, Nolan Ryan, current team president and the head of one of the groups looking to purchase the Rangers, asked the judge to go ahead with the auction as planned on August 4th. Ryan claimed he was asking this as team president, because postponing the auction could prevent the Rangers from keeping Josh Hamilton, as he is eligible for salary arbitration this offseason, and he must be too expensive for a team in bankruptcy to afford. However, there is a little conflict of interest here, as more time would mean more buyers for Ryan to compete with.

In a related note, Mark Cuban was given the go ahead to submit a bid to purchase the Rangers. However, don’t read into this too much. As you remember, Cuban also submitted a bid to purchase the Chicago Cubs a few years ago, and then was essentially blackballed by MLB. As sources state, Cuban had submitted the highest bid for the Cubs franchise, however, a potential MLB owner must be approved by the other owners, and few were willing to approve Cuban due to his brash style and previous happenings as owner of the Dallas Mavericks. So it will be interesting to see how this progresses…

Wednesday, July 14, 2010

More Conflict Between The Dodgers Owners

The long struggle between Frank McCourt and his estranged wife Jamie McCourt over control of the Dodgers took another twist yesterday. This twist revolved around a postnuptial marital property agreement that put the couple’s homes in Jamie’s name. Frank maintains that the agreement, which was signed by both parties, gave him control of the Dodgers, while Jamie denies ever signing away control of the Dodgers.

The disagreement exists because there are actually six copies of the documents, where three of them were signed at a different time than the other three. Jamie’s lawyers have argued that the three copies she has do not include the “Schedule A,” which lists the assets of Frank McCourt, including the Los Angeles Dodgers. However, forensic scientists have recently examined the three copies that do contain “Schedule A,’ and concluded that the document had not been tampered with, which could be a huge blow to Jamie and her lawyers.

Frank’s attorneys argue that since the forensic scientists concluded that the original staple was still in the three copies that contained “Schedule A,” along with Jamie’s original signature, there is no doubt that Jamie had been lying all along. Meanwhile, Jamie’s lawyers are arguing that the attorney that drew up the contract may be gone over a different copy with Jamie, than the one signed by Frank McCourt.

Even if this is a victory for Frank, the judge still could rule to throw out the marital property agreement if he deems it to be unfair, with the next trial date schedule for August 30.

Monday, July 12, 2010

The Texas Rangers Are In Court Again

I wrote an earlier post that discussed the pending sale and bankruptcy of the Texas Rangers franchise. Well, it has just gotten a little more complicated. According to ESPN.com, the court-appointed restructuring officer reopened the sale of the team to potential purchasers, and even began accepting bids again, even though current team president and prospective purchaser Nolan Ryan states that his group already had their bid accepted by the team, and now have the exclusive rights to purchase the team. This recent development caused Ryan and his group to file suit against the Texas Rangers in bankruptcy court, requesting that the judge put a stop to the current bidding process.

It seems unlikely that any other groups would eventually take the place of Ryan’s group and purchase the team, as MLB is heavily in favor of bringing back one of the all time Texas greats to own a franchise in his home state. And after watching the Chicago Cubs sale over the last 2 years, we know how important it is to have MLB supporting your bid to purchase a team. In addition, it looks like Ryan’s group has position themselves well by having massive funding for the purchase as well as savvy businessmen and attorneys included in their group.

Stay tuned as I am sure there will be future developments in this case in the upcoming weeks…

Tuesday, June 29, 2010

The Salary Arbitration Process

Thank you to Mike F. for submitting the following question: I am a huge baseball fan and understand the basics of salary arbitration, but how exactly does the actual arbitration process work?

You hear it every year after the season winds down. It is a list of players that are arbitration eligible during that off-season. However, very few people know what that means, or what process will be followed to determine the player’s salary for the following season. In order to be eligible for arbitration, a player generally must have between three and six years of Major League Baseball experience, with a few other exceptions which would otherwise qualify them. Once the player has qualified for arbitration, he must notify the MLB Player’s Association that he is electing to proceed with arbitration. The Association will then notify the league, who will then notify the individual club of the impending proceedings. Once all parties are notified, each side, the player and the team, will have three days to submit their arbitration figure for what they believe the player should earn the following season. This is where it gets tricky. While the figures are “locked in” once they are submitted and cannot be changed, the team and the player can continue to attempt to negotiate a contract in order to avoid arbitration altogether, which occurs the majority of the time for several reasons discussed below. If the sides do not reach an agreement before the hearing, an arbitration panel of three people will be selected by the MLB Labor Relations Department.

Once the hearing begins, each side will have one hour to present their case on why they believe the player should earn the amount that that particular side submitted. The MLB Collective Bargaining Agreement actually lists the information that can be submitted to the panel in support of each side, such as “the player’s contribution to their team during the past season, the length and consistency of the player’s career contribution, the existence of an physical or mental defects on the part of the player, and the recent performance of the club as an indication for the public’s acceptance.” The Collective Bargaining Agreement also list what data in inadmissible, such as “the financial position of the player or the team, previous offers made by the team or the player, or salaries in other sports or occupations.” After both sides have given their initial presentations, each side will then have one half-hour for rebuttal and summation, and the panel will then select which of the two submitted figures they believe the player most deserves based on the information presented.

Because the panel is only allowed to pick one of the two salaries submitted, it is very important that each side strategically selects an appropriate figure. This is also the major reason that the player and the club usually end up agreeing on a contract before the hearing, as it is a way to hedge yourself against having to leave yourself in the hands of the panel. Teams and players also would rather come to a compromise that is satisfactory to both sides, instead of the team having to point out the defects in a player’s game or person in order to prove why the player is not worth what he believe he is, which could cause tension down the road.

Hope this helps Mike!

Wednesday, June 23, 2010

BREAKING NEWS...Lawrence Taylor Indicted

Lawrence Taylor has been indicted on charges of rape, endangering the welfare of a child, and patronizing a prostitute resulting from an incident that occurred at a Holiday Inn in suburban New York last month.