John Clayton just reported Ricky will not become a Free Agent | Page 4 | FinHeaven - Miami Dolphins Forums

John Clayton just reported Ricky will not become a Free Agent

finzfan4life said:
YOUR WRONG!!! WRONG!! WRONG!! WRONG!!! My sister is an attorney in Tampa and she looked this up. Miami under certain section laws and with the NFL will hold his rights up to where the length of the contract is through. That's a fact.
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Being an attorney does not mean you know everything about everything dealing with law.

If a bankruptcy lawyers says it can happen, then I'll take his word over another attorney that had to look it up. Not dissing your sister.

Not arguing anymore. We will just see how it plays out

First Miami has to go after the money. All that happened today was they were told they had the right to seek repayment.

If and when they do, then we will see how RW plays it.

Also I never said it was an absolute. Just a possibility. I still stand by that.
 
Steel Rule said:
If I was a Dolphin fan, I wouldn't worry much. With all the partying Ricky's doing he should be broke before midseason and begging to return to the team.
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Ever bother to check out rookie QB's stats or records against Miami since say 1998? Pitt may win but it will be 3-0 in the event our D doesn't show. Miami WILL win this game especially if it is played this weekend in Miami. Prediction = Miami 10 Pitt 3. Come back here Monday and rip me all you want if I'm wrong but you're overconfident right now pal!!!
 
PhinstiGator said:
I certainly agree with that conclusion. It's just that when our local Miami media (Cole :hi5: Armando, & Marvez) are telling fans that Ricky can become a free agent if Bankruptcy is declared...for some reason people believe them. They site no precident or evidence of this claim. I'd Dan Rather not trust their word. John Clayton is a bit more reliable.

It's likely that the Dolphins will not force Ricky to pay back all the money at once. They will institute a reasonable payment plan so that Ricky has no real grounds for bankruptcy.
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Don't really think they said he would. Think they said he could. Meaning things must have to happen before he can be.

Of course Clayton is more reliable. If it were switched I'm sure most Miami fans would be saying Cole is more reliable since he is around the Phins all the time.
 
AtlantaPhin said:
Ever bother to check out rookie QB's stats or records against Miami since say 1998? Pitt may win but it will be 3-0 in the event our D doesn't show. Miami WILL win this game especially if it is played this weekend in Miami. Prediction = Miami 10 Pitt 3. Come back here Monday and rip me all you want if I'm wrong but you're overconfident right now pal!!!
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Wrong post?
 
AtlantaPhin said:
They won't be addressing it because it a completely seperate issue. You really need to stop here guy, you have no idea what you're talking about.
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Why because I simply ask why would the NFL need to address it?


AtlantaPhin said:
I've been through several business litigations where an arbitrator was used and in all cases the decision was final and not appealable even in the event of bankruptcy. That's why one would do this, in Miami's case, get an arbitrator instead of a court of law, to figure this out.
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The arbitration was about the repayment. That is all. Now the arbitator is out of the loop.. If RW files then lets just see what happens and who is proven correct.


Again never said it was an absolute if RW filed, just that the possibility is out there.

AtlantaPhin said:
Bottom line is Ricky owes Miami 8.6 mill and even if he files for bankruptcy after the fact, that doesn't preclude him from owing Miami the money or getting his rights for free agency. End of story.
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I love this end of story crap. Like you actually have the right to end any discussion.

I do think its funny that some of you actually believe the NFL is above US Law.

Here was a guy (Fierberg) who worked on bankruptcy filings for Carter & Martin saying it can happen, yet you guys know more than he does.

Good one.
 
They were told today they had the right to seek repayment regardless of Ricky's bankruptcy filings, if and when they do happen. Bottom line, whether Ricky files for bankruptcy or not he still owes Miami 8.6 mill. That was the point of todays hearings which you obviously don't get.

Ricky could never play a down of football and declare bankruptcy and he still owes Miami 8.6 mill. Filing for bankruptcy in this case doesn't mean he doesn't owe Miami the money. That's what YOU don't get. Bankruptcy law doesn't protect him in this case other than his individual creditors.

According to media reports, Ricky has 6 mill. He owes that to Miami effective today. In order to pay back the other 2.6 mill, which will be agreed upon by the same arbitrator that made the decision today, Ricky will have ex amount of time to do so. If not, he's going to jail for not doing so since it will obviously be concluded that he DOES have the employment opportunity to do so and that it by playing football.

This is where the joke comes in. Ricky will have to find something to do to pay back MIami's money and that something is obviously playing football concluding that Miami agrees to trade his rights. Ricky will have to play again and may have to play a whole season just to pay Miami back the 2.6 mill he doesn't have now as it isn't protected by bankruptcy law according to todays ruling. Ricky will be the first player in NFL history playing a year clearly in the negative. It will be interesting to see how quick he earns his incentives then?
 
Dphins4me said:
Why because I simply ask why would the NFL need to address it?



The arbitration was about the repayment. That is all. Now the arbitator is out of the loop.. If RW files then lets just see what happens and who is proven correct.


Again never said it was an absolute if RW filed, just that the possibility is out there.


I love this end of story crap. Like you actually have the right to end any discussion.

I do think its funny that some of you actually believe the NFL is above US Law.

Here was a guy (Fierberg) who worked on bankruptcy filings for Carter & Martin saying it can happen, yet you guys know more than he does.

Good one.
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Yet they never did happen. Going to court is all about precedent and there is none here to say you are correct my friend!!! End of story.
 
Here's a quote from the PBP concerning the bankruptcy:

Williams' representatives now will actively pursue bankruptcy options, sources close to the situation said Friday. Those close to Williams believe that by declaring bankruptcy Williams would become a free agent as his contract with the Dolphins would become void. But NFL spokesman Greg Aiello said Friday that a player declaring bankruptcy would not be voiding his contract and entitled to free agency

http://www.palmbeachpost.com/dolphins/content/sports/epaper/2004/09/25/a1b_ricky_0925.html
 
Dphins4me said:
Why because I simply ask why would the NFL need to address it?



The arbitration was about the repayment. That is all. Now the arbitator is out of the loop.. If RW files then lets just see what happens and who is proven correct.


Again never said it was an absolute if RW filed, just that the possibility is out there.


I love this end of story crap. Like you actually have the right to end any discussion.

I do think its funny that some of you actually believe the NFL is above US Law.

Here was a guy (Fierberg) who worked on bankruptcy filings for Carter & Martin saying it can happen, yet you guys know more than he does.

Good one.
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Wrong. Wrong Wrong. Thanks for playing!!!
 
I switching gears, going on the assumption that he has to pay the money back AND Miami has his rights. (Don't bother giving me the counter-argument, 'cause I don't care till I see it). So what's the best way this can play out? I personally wouldn't mind letting him rot for the three years. He may not want to play regardless, but he'll likely HAVE to play if he wanst to maintan his current lifestyle. Mia should hold strong on demanding a first, knowing they'll never get it. I might be inclined to part with him for a second and a third..But that's the lowest. Even that might not be worth the pleasure of making sure he doesn't touch the field likely ever again.
 
TorontoFin said:
I switching gears, going on the assumption that he has to pay the money back AND Miami has his rights. (Don't bother giving me the counter-argument, 'cause I don't care till I see it). So what's the best way this can play out? I personally wouldn't mind letting him rot for the three years. He may not want to play regardless, but he'll likely HAVE to play if he wanst to maintan his current lifestyle. Mia should hold strong on demanding a first, knowing they'll never get it. I might be inclined to part with him for a second and a third..But that's the lowest. Even that might not be worth the pleasure of making sure he doesn't touch the field likely ever again.
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Ricky williams is a top tier frst rounder...not a stephen jackson first rounder...if we are to trade ONLY ONE first round choice to a team, and the raiders have a 4-12 record...I would say it's a wash and to take that deal...

It's like anything else...the value decreases as the year increases...to hold out until we get what we paid for, we might as well say Ricky will never play again...one first rounder from a crappy team (which Oakland may very likely be) will be worth it in compensation...i think anything in the second round category isn't enough when you consider what we paid for that putz...
 
An NFL team can own the rights to a player without there ever being a contract... the most obvious example is after the draft when teams own the rights to unsigned draftees.

Voiding Ricky Williams' contract with the Dolphins has not a damn thing to do with who owns the rights to Ricky Williams.
 
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