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1. The Kids Are Enright (1k5v3L)Boras reportedly did not care much for the 8.15 deadline. He may believe that the deadline has given teams too much leverage in these negotiations. Both Weiters and Alvarez signed for less than Boras' asking price. Both, presumably, were Boras' marquee players in their respective draft classes. If Boras can't get his clients deals which exceed the market rate for a specific kind of player, then why would prospective Boras clients choose him over another agent? In other words, Boras not only competes with the teams with whom he negotiates contracts, he also competes with the other agents for prospective clients.
Naturally, Alvarez has no rational motive to defend the interests of Boras' future amateur clients.
Although, until Justin Zent shows up, you could work this into his grand conspiracy theory. The Pirates "signed" Alvarez, but then for some reason or another, they don't actually sign him, get back the bonus money and voila, back to square one.
How is a verbal consent legal in this instance? Shouldn't there be a signed contract?
The deadline makes it necessary for verbal consent to apply at least temporarily, so teams and Boras can call the commissioner's office and say "He has accepted the deal" before the deadline hits and both sides lose the ability to sign.
With this Alvarez case though, the story I read said that they had agreed on every word in the contract, except for signing bonus number, and when Alvarez said "I accept" on the phone they immediately faxed out a copy with Alvarez's bonus typed in and all Alvarez had to do was sign it and fax it back... all the nitty gritty language was already ironed out and agreed to.
Go figga
Loads of stupidity on the Alvarez/Boras end right now.
He's still negotiating terms with the Pirates- he wants to see how far he can push it- he figures the Pirates really want Alvarez and so are not gonna go to the Commish and say, "Ok we didn't sign Alvarez by the deadline afterall, I guess we get a compensation pick next year"
After all, Boras got to be where he is today by seeing how far he could push things.
If I'm the Pirates, unless I think Alvarez is really all that, and that the chance of him turning out like Bush/Montenez is zilch... I'd really have to be thinking of cutting bait at this point.
(You know just quickly scanning recent draft histories- position players taken in the top 3 in recent drafts have really turned out pretty well all things considered- the complete busts have been rare.)
Its not a legal contract, so it could be challenged in court. However, I don't see any reason for Alvarez to challenge it, at least not yet. But the Pirates probably should get it in writing as soon as they can.
If Alvarez/Boras cashed the check....
They notified the commissioner by e-mail, so I guess any type of written notice counts.
"Did the Pirates actually send any money to Alvarez/Boras yet?"
According to the article, about half the signing bonus. So around $3M.
He probably told Alvarez that he was not going to play in minors this season so he can relax until Fall Instructional League.
Yeah, I'm sure they sent a check for $3M.
Whether or not there's an actual contract, Pittsburgh can probably argue promissory estoppel at this point.
A verbal agreement is a valid contract, unless it falls within the statute of frauds. I don't see any reason that this contract would do so, so the verbal agreement is binding. The reason verbal contracts are a problem isn't because they aren't binding; it's because they are hard to prove. That's also not an issue here.
One contract law class can make someone dangerous.
More to the point- if the Pirates sent a written contract to Alvarez/Boras- along with a check for the bonus money and that check was deposited- or wired the money somewhere pursuant to Boras/Alvarez instructions- the act of accepting money would be seen as an act confirming the written contract sent along with the money-
Connelly Press Release
I flunked my first bar exam, but wouldn't it fall under the statute of frauds under "performance to last the duration of at least one year"?
"The Pirates are confident that the contract reached with Pedro Alvarez was agreed to and submitted to Major League Baseball in a timely fashion and properly accepted by Major League Baseball. In fact, the contract between the Kansas City Royals and Eric Hosmer, another Boras client, was submitted to the Office of the Commissioner after our contract with Pedro was submitted. Mr. Boras is apparently satisfied with the $6 million bonus that he secured for Mr. Hosmer and has not challenged the validity of that contract. Mr. Boras has been informed that if he pursues a claim that our contract with Pedro was not timely he puts Eric Hosmer's contract with Kansas City in jeopardy."
Maybe this is what Boras wants to do, ultimately having both contracts invalidated so his clients can go to wealthier, more attractive franchises. This had better be resolved soon, because if Boras represents Stephen Strasburg, things could get pretty wild next summer (speaking as a Nationals fan, and assuming they wind up with MLB's first pick next June).
Perhaps Boras is arguing for application of the fertile octogenarian exception.
Wrong thread. The John McCain jokes are in here.
I can't understand Alvarez passing on a several million dollar check and earlier FA-hood for I'm sure what will amount to a few (hundred thousand) dollars. I won't be stupid enough to ascribe any thoughts to PA, but I'm baffled.
Could be, but all his old loopholes have been closed on him- maybe he thinks he found a new one- but all Boras would achieve would be to get his clients thrown into next year's draft- not declared FAs.
I also thought that Boras is very careful not to renege on a contract- he has in the past told MLB players that he would not renegotiate signed contracts - key word being signed-
Remember Hochevar? He got antsy, dumped Boras, got a new agent- verbally agreed to a contract with the Dodgers- Boras got back in, got Hochevar to renege - and Hochevar actually got more bonus money the next year because Moore had a brain fart.
It seems that Pedro blinked- not Boras- and Boras has reasserted control- which likely means that the Pirates public pronouncements during negotiations were meant to get their message to Pedro without Boras screening them.
Boras is probably willing to risk Pedro getting screwed just to tell MLB teams that they can't do that to him (Boras).
Where does this go now? Arbitration?
Yes and it's too high on dollar amount; it fails both prongs.
Anyhow, none of that matters because the baseball industry is governed by written agreements so it would be nearly impossible to argue that both parties intended for their words to be a formed contract.
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