BREAKING NEWS: "Williams ordered to PAY BACK 8.6 Million." | Page 10 | FinHeaven - Miami Dolphins Forums

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

phinman1 said:
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.
If that is how they will look at it, then that is how they will look at it.

Which is pretty cut and dried.
 
texasPHINSfan said:
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.
Nope. If he is declared a FA, then he is free to sign with any team the very next minute. Nothing the NFL can do.

Also the NFL cannot black ball a player. Each team can, but the NFL cannot tell teams not to sign RW.
 
FlyingElvis said:
Ordered by who? The NFL? A federal court?

This will be fought in court for a long time. And then there's the issue if he doesn't have it or files for bankruptcy protection.
If he does file for bankruptcy the Phins will be listed as one of his creditors and may seize his assets to recoup the money. This has already been said in another article.
 
Dphins4me said:
Every time I think you cannot top yourself and go and prove me wrong.

The law has no say in players rights? The heck it doesn't. The law can tell a record company that they no longer own the rights to a performer. Its the same situation.

If the law rules against the NFL then there is nothing they can do. The US Law overrules the NFL.

The NFL is not special for other businesses.
the court ruling isn't going to tell the NFL they can't control his rights - the court ruling is simply in regards to his financial debt to miami .... the court is only concerned with the 8.6 million.

The NFL still controls each player's rights.
 
So if we don't go after all of the money, then he can't declare bankruptcy, and therefore can't eschew the contract correct?

As long as we don't go after ALL of the money he can't screw us.

If that's the case, then I'd get the five million back and let him stew until he's ready to facilitate a trade.

Then again, what's to assure his new team that he'll live by THAT contract?
 
texasPHINSfan said:
the court ruling isn't going to tell the NFL they can't control his rights - the court ruling is simply in regards to his financial debt to miami .... the court is only concerned with the 8.6 million.

The NFL still controls each player's rights.
Yes, it will. If the courts rule that RW is a FA and his contract is voided, then the NFL can do nothing.

NFL does not rule over US Law.
 
miamirw said:
So if we don't go after all of the money, then he can't declare bankruptcy, and therefore can't eschew the contract correct?

As long as we don't go after ALL of the money he can't screw us.

If that's the case, then I'd get the five million back and let him stew until he's ready to facilitate a trade.

Then again, what's to assure his new team that he'll live by THAT contract?
I think you are correct. What Miami could do I guess is find out his current value and go after something a little less. One where he cannot file bankruptcy.
 
You guys with the multiple Cyber presonalities crack me up.They talk to each other,argue with each other,diss each other ,even give each other props .(If you want to know who they are just look at the stars they give each other).They are one and the same member.



Yes,there is even one member who has 5 different personalities.I know how they do three of them and I soon will know how they do the other two.You guys will be exposed.
 
Dphins4me said:
Nope. If he is declared a FA, then he is free to sign with any team the very next minute. Nothing the NFL can do.

Also the NFL cannot black ball a player. Each team can, but the NFL cannot tell teams not to sign RW.

you are missing the point, friend.

the courts can grant a bankruptcy, but they can't waive his NFL rights... the courts can ask the NFL to do something, can make Ricky not owe the dolphins any money due to a bankruptcy filing, but the court itself cannot make Ricky a FA.
 
BrettPKT said:
Pretty much... they're talking to Reggie Roby's old agent now... he said they did the exact same thing... His agent said he was in a lot of debt and by doing this it wiped out his debt and gave him a fresh start in washington.

The only reason alot of players don't do this is because chp 7 bk really f's up your credit.. that and not all players are complete douchebags like Ricky Williams is.
I have gotten $100k+ mortgages (Loan Officer here) to people only ONE day out of ch.7 bk's. It really doesn't hurt your credit that much at all. If you have steady income you can get a loan.

And yeah...Ricky Williams is definately a douche bag. F-ck Ricky!:mad:
 
Dphins4me said:
Yes, it will. If the courts rule that RW is a FA and his contract is voided, then the NFL can do nothing.

NFL does not rule over US Law.

i am not saying NFL is over US law.... i'm saying these are two totally different areas of responsibility. the courts CANNOT CHANGE A PLAYERS CONTRACT STATUS IN THE NFL! in this case the only thing the court will have power over is the financial aspect of it, because a financial transaction took place... contractually Ricky did not fulfill his agreement, so he must repay the monies he was originally paid. As far as his rights should he choose to return, would be up the NFL, NOT the court!
 
texasPHINSfan said:
you are missing the point, friend.

the courts can grant a bankruptcy, but they can't waive his NFL rights... the courts can ask the NFL to do something, can make Ricky not owe the dolphins any money due to a bankruptcy filing, but the court itself cannot make Ricky a FA.
I'm not missing anything. The courts can rule his contract voided. Since RW is now no longer under contract and is a player with more than 4 years of service he would then be free to sign with any team.

That is barginned with the NFLPA. RW would be a FA.

I'm not sure how it would be if RW was a 3rd year player, but there is enough speculation going on here to get into that.
 
texasPHINSfan said:
i am not saying NFL is over US law.... i'm saying these are two totally different areas of responsibility. the courts CANNOT CHANGE A PLAYERS CONTRACT STATUS IN THE NFL! in this case the only thing the court will have power over is the financial aspect of it, because a financial transaction took place... contractually Ricky did not fulfill his agreement, so he must repay the monies he was originally paid. As far as his rights should he choose to return, would be up the NFL, NOT the court!
Yes the courts can change his contract status. If RW is granted bankruptcy then it is possible that they can void his deal with Miami.

They can do this.

Once a FA, then I would think NFL barginned rules with the NFLPA would take over, making RW a FA since he is not under the EFA or RFA guidelines..
 
Dphins4me said:
I'm not missing anything. The courts can rule his contract voided. Since RW is now no longer under contract and is a player with more than 4 years of service he would then be free to sign with any team.

That is barginned with the NFLPA. RW would be a FA.

I'm not sure how it would be if RW was a 3rd year player, but there is enough speculation going on here to get into that.

ok this is my last post on this matter.

if you take anything away from my comments, take this:

an NFL contract and NFL rights are TWO DIFFERENT THINGS.
the courts will rule on the playing contract.... they have no say over the rights.... this is a separate issue. if a court had control of NFL playing rights, a court could require any team to make xyz player play on that team. they don't because they can't. they also can't erase the rights. If this was possible, a million players would have done this by now. don't you think McCardell would have done that? Don't you think McKenzie would have done that? TO got out of his b/c Brian Billick is a reasonable coach who understands that a player who doesn't want to play for you won't.

if Ricky files for bankruptcy, he won't financially OWE the dolphins anything. but if he ever comes back to the NFL, the dolphins have his rights through 2006 (or 2007?), whichever he was originally signed through.

peace out.
 
Even if he does become a FA (which won't happen) What team in their right mind is going to send Miami a check for 8.6 million?

You see? Even if we don't get his rights...we still get his rights.
 
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