BREAKING NEWS: "Williams ordered to PAY BACK 8.6 Million." | Page 9 | FinHeaven - Miami Dolphins Forums

BREAKING NEWS: "Williams ordered to PAY BACK 8.6 Million."

bigmiamifan said:
You file for bankruptcy, fine, but don't you have to sell off a certain amount of your possessions to creditors? I know he sold some assets, but what about his bank accounts? Can't we freeze them or something? Doesn't he have a house?
He could lose just about everything.
 
Section126 said:
Why do I have a feeling that RW will UNRETIRE?

BTW.....if we lose his rights..we would still get the money..because any team signing him would have to pay us the money first......

It doesn't matter anyway because we are not losing his rights.
Why do you think a signing team would have to pay Miami anything?

The team signing RW has no dog in the hunt. If RW is granted FA, then he is a FA. Any money sent to Miami will come from RW, not the other team.
 
GoPhins! said:
That sounds fair to me. He did help us for two years. Everyone is just hurt now because of the way that he did us this year.
i disagree. he did give us two years, but he came to us when we had a capable, 1000-yard RB (not great, but very capable), and an established game plan and team structure. we changed the whole system for him, didn't draft a RB or anything to mold the system around him. So if he leaves, we are screwed.

I would have rather drafted a rookie RB under Lamar Smith and groomed him to get a good 6+ years out of him over two years with Ricky.

What Ricky did was screw us, plain and simple. Stop trying to make excuses for him!
 
Section126 said:
For the last time.....Filing Bankruptcy does not get him off the hook for his rights......
Yes, IT CAN. Its not a automatic, but it can be ruled.
 
Dphins4me said:
Why do you think a signing team would have to pay Miami anything?

The team signing RW has no dog in the hunt. If RW is granted FA, then he is a FA. Any money sent to Miami will come from RW, not the other team.

I would think you would have point if Ricky Williams loses all eligibility to work for the NFL. The way the NFL looks like it works to me, is that Ricky Williams is an employee of the NFL and his rights belong to Miami. Which is one of the reasons why his signing bonus from the Saints goes to Miami as well.
 
GoPhins! said:
Wouldn't a bankrupt hearing take into account that he is refusing to work and is capable of making millions of dollars a year. As opposed to most people the file who are not making jack squat. You would think that the judge would have some leaway in this situation and could rule that miami can keep his rights. Just because Ricky files does not mean that they have to grant everything that he asks for does it?
Correct. Filing does not get you bankruptcy. It is granted.

I do not think RW will be granted his, since he quit and broke his deal.

I think the courts will see this. It would set a bad precedent.
 
dean_siu said:
The only reason he wasn't running as hard was because he never had a chance to get running! When you are hit as soon as the ball is handed to you, its not conducive to a good running game.

The Dolphins organization blew it by not protecting him with a skilled offensive line that could protect him from a crippling injury that could hamper him for life. When they refused to address this...I don't blame the man for retiring....I don't think anyone would want to work in an environment that provides great chances for tremendous injury no matter what the salary is supposed to be.

To drive him to retirement and than go after money he has earned is just not the way any organization should treat their employees. If you don't think this treatment of Ricky will hurt this organization for years to come, you are wrong. It will enter into the back of every free agent's mind and other teams will turn this seed into a tree.

that argument would quasi-work if that was his reason for retirement.

it wasn't.

he wanted to smoke and avoid any NFL-induced fines and suspensions.
 
Dol-Fan Dupree said:
I would think you would have point if Ricky Williams loses all eligibility to work for the NFL. The way the NFL looks like it works to me, is that Ricky Williams is an employee of the NFL and his rights belong to Miami. Which is one of the reasons why his signing bonus from the Saints goes to Miami as well.
If RW is granted FA from Miami. Then there is nothing tying him to Miami.

He would be free to sign with anyone. Miami would simply be out. The NFL might give Miami a draft pick or something, but that would be about it.
 
Who's willing to forgive poor Ricky now...I am. I know this is wrong and it sets a terrible example but I would take him back after all this. He is a premier back (one that we searched high and low for and one we will probably not see for some time again) and we suck royally on offense.
My moves....Fire Wanny, cut both Fiedler, bring back Ricky at minimum wage...get a line next year-then we are in the SB. :)
 
fish2004 said:
Who's willing to forgive poor Ricky now...I am. I know this is wrong and it sets a terrible example but I would take him back after all this. He is a premier back (one that we searched high and low for and one we will probably not see for some time again) and we suck royally on offense.
My moves....Fire Wanny, cut both Fiedler, bring back Ricky at minimum wage...get a line next year-then we are in the SB. :)
no way dude, so he could retire in a year? hes NOT going to stop smoking. he would just be suspended and suspended. no way, get rid of fiedler, sign a premiere OT and a RB.
 
Dphins4me said:
If RW is granted FA from Miami. Then there is nothing tying him to Miami.

He would be free to sign with anyone. Miami would simply be out. The NFL might give Miami a draft pick or something, but that would be about it.

I do not believe you are correct. I am going to have to actually see documented proof, not your hersay and what not. Basically if you are right, then there would not be an NFL draft. I would need to see actual documented proof that says the federal government has the right to say which property of the NFL ricky is allowed to play in. Since all teams are under the umbrella of the NFL. It isn't a bunch of different companies like the MLB.

Plus a ruling of this case would hurt the NFL. I do not think the NFL would let it go down. They have much better lawyers then RW, and probably understand law much better than you do. Since you are not quoting any facts or quoting any laws.
 
Dphins4me said:
Correct. Filing does not get you bankruptcy. It is granted.

I do not think RW will be granted his, since he quit and broke his deal.

I think the courts will see this. It would set a bad precedent.

Because he quit or broke his deal will not sway a bankruptcy court one way or the other. They will simply look at assets and liabilities, that is the determining criteria. After this judgment, he will have at least 8.6 mill in liabilities. This on top of big mortgages, credit card debts and whomever else he owes.

Miami wants to sever there ties with RW. This judgment will do that. Miami wants out, they got out, and RW is free.
 
BrettPKT said:
Jim Fierberg (the attny in the Herald article that called Williams strategy "brilliant") just called in to the Jeff Ricker show on sporting news radio and explained everything. To make a long explaination short... if ricky files chp 7 bk we'll get probably nothing and lose his rights. He said chp 11 is would be a lot harder for RW to file. He went on to say the NFL would have no say... Bankruptcy is the same no matter how you slice it... it's the law and the NFL can't change that.

yes but playing contract and rights are two different things.... the playing contract would be null and void... but his rights would not be. the Dolphins would still retain the rights, regardless of what Ricky files.

why?

because playing rights are commanded by the NFL. by NFL's rules, a player can't play unless the NFL says. Don't believe me? Ask Mike Williams, ex-USC receiver. Ask that RB from oklahoma..... the NFL has the say who plays and who doesn't.

We still have ricky's rights, REGARDLESS OF WHAT HAPPENS for the remainder what what his contract would have been. If he decides to go to oakland next year, we'd HAVE to be compensated somehow to terms WE agree too... in addition to that, Ricky would have to serve a 4-game suspension upon return. The earliest he could play (if he wanted to) would be week 5 of 2005.
 
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