Jeez…. This is how to brake ANY sport…. The next CBA has got to fix this.
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69 sats \ 6 replies \ @grayruby 9h
I don't think they will ban deferrals but I do think they will limit how much of a contract can be deferred and/or how much a team can use deferrals and/or change the way deferrals are calculated against luxury tax thresholds etc.
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20 sats \ 4 replies \ @Undisciplined 8h
Do they have to hold it all in escrow like in the NFL?
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69 sats \ 3 replies \ @grayruby 7h
I don't believe so.
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40 sats \ 2 replies \ @Undisciplined 7h
In that case, I imagine they'll reform this once an owner colossally fucks up his finances and can't payout the salaries.
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109 sats \ 1 reply \ @Cje95 OP 6h
I want to say there is like a percentage or something that is done but I cant remember exactly what it was.... Nonetheless only a select few teams are able to take this type of debt load on decades in the future and not worry
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0 sats \ 0 replies \ @grayruby 6h
Agreed. There are only maybe 7 or 8 teams that can do this.
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20 sats \ 0 replies \ @Cje95 OP 9h
Yeah they have to do something. It’s clear that the Dodgers do not care about losing/falling back in the draft order and don’t care for the international free agent money like I thought they would. Only way I see it getting fixed it by straight up stripping picks and penalties so bad it makes your eyes water.
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50 sats \ 7 replies \ @SimpleStacker 9h
BITCOIN FIXES THIS
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0 sats \ 6 replies \ @Cje95 OP 9h
I mean…. I’m notttttt so sure lol
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69 sats \ 3 replies \ @grayruby 9h
It is a bet against the fiat melting ice cube. You can do this with a fixed supply money but you don't get the benefit of the time arbitrage. You will just be stealing from the future to win now.
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109 sats \ 0 replies \ @SimpleStacker 9h
Exactly. Dodgers are being smart. Everything since 2008 seems to teach us that the optimal strategy is to YOLO everything into becoming too big to fail, then when the bill comes due, get a bailout from those whom your failure will negatively effect. MLB will bail out the dodgers in the coming years, don't worry.
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0 sats \ 1 reply \ @Cje95 OP 9h
Oh I meant it from a point of view that deferrals and the way the are addressed in the CBA allows teams to just dump everything on future owners/team front offices. Even if they used BTC the Dodgers would somehow still work out a BTC deferral method lol
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69 sats \ 0 replies \ @SimpleStacker 9h
With BTC deferral the team could actually go under if they can't raise the BTC to meet their obligations, and BTC wouldn't be so easy to borrow as fiat whose supply is constantly expanding.
I guess current owners could indeed dump that on future owners, but under a BTC standard, that level of future obligation will significantly depreciate the value of the team. The current owner won't be able to sell the team to a future owner, or would have to sell it at a steep discount.
Maybe they don't care and just want to win a championship now. Then, that's the owners prerogative I suppose.
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10 sats \ 1 reply \ @Wumbo 9h
I sense a new phrase: "You are so screwed, even Bitcoin can't fix this."
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0 sats \ 0 replies \ @Cje95 OP 9h
THIS!!!!
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