I wonder how the contracts are written

H

Horsehide Harry

<B>Mr. Free Trade</B>
I know that they are guaranteed contracts in general. I know the players still get paid if they are injured. But do they get paid now? Or is there a force majeure clause that protects the teams but not the players? Is there a catch in the contracts that says they only start getting paid when the season starts? Then does that mean that they get paid in full?

For instance, if the season could start on Aug 1, but would trigger guaranteed contracts being paid in full, does the league just refuse to have a season at all? I guess my point would be that it's possible that the virus could be done but the economics still force no baseball.

Also, what about the various media contracts? I'm sure that they have a force majeure clause. What about sponsorships for a. players - Nike, Adidas, etc. and b. teams - stadiums
 
From what I’ve read, MLB has force majeure ability in this, but are very hesitant to employ such a radical legal device given forthcoming labor uncertainty. Not taking the nuclear option with player contracts is a gesture of good-will.
 
The bigger issue will be service time clocks, incentive laden contracts, etc.

But the main thing I’m taking from this entire thing is we should be paying nurses and EMTs and doctors and truck drivers and front line grocery store employees more and paying athletes less.
 
Skeeter31 said:
The bigger issue will be service time clocks, incentive laden contracts, etc.

But the main thing I’m taking from this entire thing is we should be paying nurses and EMTs and doctors and truck drivers and front line grocery store employees more and paying athletes less.
Click to expand...

The truly unsung heroes in all of this. In Minnesota (and probably elsewhere), school bus drivers should be added. They have been delivering meals to needy students since the shutdown.
 
50PoundHead said:
The truly unsung heroes in all of this. In Minnesota (and probably elsewhere), school bus drivers should be added. They have been delivering meals to needy students since the shutdown.
Click to expand...

I work for a ver successful hospital. There are very real concerns the closing of surgeries could bankrupt us all. Most hospitals that are successful are operating on a 2% to 6% margin. Not a fake, tax exempt number, real numbers. We lose money on all government payors.

It’s not us that need to be paid. It’s everyone. I’m a slight right leaner on most things economic. But the government will have to put in three trillion to keep us out of depression. People need the money not the airlines. If people don’t have money then we are all in big trouble. I appreciate I’m essential staff and have to go into the hospital every day, that is scary. But I also appreciate I’m getting paid. Our surgical techs are begging us to find other jobs for them so they don’t start getting in a bad place financially
 
Skeeter31 said:
The bigger issue will be service time clocks, incentive laden contracts, etc.

But the main thing I’m taking from this entire thing is we should be paying nurses and EMTs and doctors and truck drivers and front line grocery store employees more and paying athletes less.
Click to expand...

what about the hedge fund billionaires?? where would the country be without them right now? they are so needed and important in times like these.
 
Russ2dollas said:
I work for a ver successful hospital. There are very real concerns the closing of surgeries could bankrupt us all. Most hospitals that are successful are operating on a 2% to 6% margin. Not a fake, tax exempt number, real numbers. We lose money on all government payors.

It’s not us that need to be paid. It’s everyone. I’m a slight right leaner on most things economic. But the government will have to put in three trillion to keep us out of depression. People need the money not the airlines. If people don’t have money then we are all in big trouble. I appreciate I’m essential staff and have to go into the hospital every day, that is scary. But I also appreciate I’m getting paid. Our surgical techs are begging us to find other jobs for them so they don’t start getting in a bad place financially
Click to expand...

I'm pretty sure most understand that you're further down the chain - and not the cause - but I saw a tweet I thought was quite on point and unfortunately a little funny...


raqtffo45nn41.jpg
 
clvclv said:
I'm pretty sure most understand that you're further down the chain - and not the cause - but I saw a tweet I thought was quite on point and unfortunately a little funny...


raqtffo45nn41.jpg
Click to expand...

Hospitals don’t run themselves. They cost millions to run. Their workers need competitive pay, retirement, and benefits.

Further to the point they are referring to our hospital that’s over run with Covid 19 and running out of PPE to get people to work without getting them infected. Hospitals aren’t government run. They have to make a profit to keep open which is in the public’s best interest.

This hospital is the main healthcare provider for quite the geographical area. It’s paramount to the area. An area that has a crazy high percentages of indigents.

A tweet like this stupid and reposting it is twice as dumb.
 
Last edited:
Tapate50 said:
Further to the point they are referring to our hospital that’s over run with Covid 19 and running out of PPE to get people to work without getting them infected. Hospitals aren’t government run. They have to make a profit to keep open which is in the public’s best interest.
Click to expand...

They could (/should) be.

Plus, just saying “hospitals need money to run” sort of dodges the whole gross executive overpayment that is the tweet’s core point/context.
 
50PoundHead said:
The truly unsung heroes in all of this. In Minnesota (and probably elsewhere), school bus drivers should be added. They have been delivering meals to needy students since the shutdown.
Click to expand...

Yes. Different grocery stores are taking different approaches to safeguarding customers and employees. I think many grocery store workers will become sick.
 
jpx7 said:
They could (/should) be.

Plus, just saying “hospitals need money to run” sort of dodges the whole gross executive overpayment that is the tweet’s core point/context.
Click to expand...

But they aren’t. And I didn’t.

Last I looked competitive pay usually gets you qualified candidates. Correct me if I’m wrong.
 
Last edited:
jpx7 said:
They could (/should) be.

Plus, just saying “hospitals need money to run” sort of dodges the whole gross executive overpayment that is the tweet’s core point/context.
Click to expand...

It’s an ignorant post.

Nobody pays the cost of anything. It’s a stupid and complicated system. Insurance companies are paying a percentage, in twenties, of the cost. Medicare and Medicaid pay what they pay per diagnosis, so charges don’t matter.

Insurance companies are the non value added group that withdrawals from the system at very high margins.

Hospital executive salaries are high but not in context to private companies with similar gross revenues.
 
Russ2dollas said:
It’s an ignorant post.

Nobody pays the cost of anything. It’s a stupid and complicated system. Insurance companies are paying a percentage, in twenties, of the cost. Medicare and Medicaid pay what they pay per diagnosis, so charges don’t matter.

Insurance companies are the non value added group that withdrawals from the system at very high margins.

Hospital executive salaries are high but not in context to private companies with similar gross revenues.
Click to expand...

All corporate executive salaries are grossly too high, relative to the value they add to their institutions / society.
 
I was hoping to get some discussion about baseball contracts going here. I think we made it two posts in before it got derailed into a quagmire of societal ills (or perceived ills, depending on your POV).

How is it going to effect baseball contracts? Any thoughts? Will the owners cancel the season IF this goes too long and IF they are on the hook for full salaries without opportunity for full attendance. What about local, regional and national TV and Radio contracts? Mizzuno? Nike? Petco? Truist?

What about umpires?

Concession stand workers?

Groundskeepers?

etc.
 
You must log in or register to reply here.
Back
Top