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Poll

When do yo think the MLB regular season will start?

On time
- 1 (33.3%)
Late, but on or before April 15th
- 0 (0%)
April 16th through April 30th
- 0 (0%)
May 1st through May 15th
- 2 (66.7%)
May 16th through May 31st
- 0 (0%)
Jun1st through June 15th
- 0 (0%)
June 16th through June 30th
- 0 (0%)
After June 30th
- 0 (0%)
No Season
- 0 (0%)

Total Members Voted: 3

Voting closed: February 13, 2022, 10:41:25 PM


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Author Topic: Major League Baseball  (Read 282253 times)

bankshot1

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Re: Major League Baseball
« Reply #3285 on: June 20, 2020, 02:55:46 PM »

I wonder if the owners have business interuption insurance to cover losses in the event... and what the deductible might be.




They do not

Do you have a source, because doing a real quick google search turned up nada, except one longish artice which brings up the subject which suggests it could be contested by insurers and the insured whether Covid-19 qualifies as a triggering event.

https://www.jdsupra.com/legalnews/sports-organizations-consider-these-20045

In the United States, the New York Department of Financial Services issued a letter calling for insurers to explain “whether contamination related to a pandemic may constitute ‘physical damage or loss’” and to “describe what type of damage or loss is sufficient for coverage under the policy.” Several US state commissioners for insurance have made statements encouraging insurer flexibility.

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kiidcarter8

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Re: Major League Baseball
« Reply #3286 on: June 20, 2020, 03:29:08 PM »

Sorry - only source is my memory

It was being discussed when the issue was money and the Olympic Games - at which time they said IOC organizers were smart enough to have pandemic protection where major sports leagues did not.
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bankshot1

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Re: Major League Baseball
« Reply #3287 on: June 20, 2020, 04:46:35 PM »

NP-can't find anything definitive but it seems claims would be contested by insurers (big surprise) even if BI insurance was in place by teams.


Whether MLB opens the 2020 season or not, they will likely be able to use changes in the tax law due to CARE Act to use NOLs to carryback 5-years and offset taxes in prior years.

As an aside, and with the proviso I'm not a tax guy or accountant, but its possible that a lot of '20 expenses may be non-cash (depreciation, amortization, write-downs) and a postive cash-flow could be generated in that $100 in NOLs could generate up to $35 in federal tax refunds. So its conceivable not playing baseball could be a net cash-flow positive event. 
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kiidcarter8

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kiidcarter8

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Re: Major League Baseball
« Reply #3289 on: June 20, 2020, 05:03:28 PM »

MLB Commissioner Rob Manfred and union executive Tony Clark have also been at odds over plans to restart the season. Manfred has been locked in on a 60-game regular season over fears that a second wave would impact the back end of the already shortened season. Clark is asking for 10 games more.

I told him 70 games was simply impossible given the calendar and the public health situation, and he went ahead and made that proposal anyway,” Manfred said Thursday.





Clark needs to go
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bankshot1

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Re: Major League Baseball
« Reply #3290 on: June 20, 2020, 05:22:17 PM »

Its called negotiating.

I haven't followed this closely, but Clark got you 10 more games than MLB originally wanted to play at full pro-rate pay.

IMO the owners concern about health seems contrary to their wishes about exposing more teams to a possible 2nd CV wave.

Its the heftier post-season dough that has traditionally been off limits to players.

owners want that payout for themselves.

SSDD

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kiidcarter8

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Re: Major League Baseball
« Reply #3291 on: June 20, 2020, 05:35:58 PM »

Owners make more money at 60, given other provisions - than they would have at 50.

But sure - call it a win for Clark

Seems he may not take it.
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Echo4

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Re: Major League Baseball
« Reply #3292 on: June 20, 2020, 07:14:46 PM »

Owners make more money at 60, given other provisions - than they would have at 50.

But sure - call it a win for Clark

Seems he may not take it.

Seems like if he doesn't, Manfred will order it regardless.

https://bleacherreport.com/articles/2896983-report-rob-manfred-expected-to-mandate-2020-season-if-mlbpa-rejects-proposal?utm_source=cnn.com&utm_medium=referral&utm_campaign=editorial
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kidcarter8

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Re: Major League Baseball
« Reply #3293 on: June 21, 2020, 01:18:46 PM »

Players Association vote today on latest MLB proposal.

38 votes.  20 yeah needed.  But the 8 members of committee all expected to be nays.  Thus 20 of the 30 team votes will be needed for approval.
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Echo4

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Re: Major League Baseball
« Reply #3294 on: June 21, 2020, 03:07:53 PM »

Players Association vote today on latest MLB proposal.

38 votes.  20 yeah needed.  But the 8 members of committee all expected to be nays.  Thus 20 of the 30 team votes will be needed for approval.

The yeah vote - a form of grudging agreement, not to be confused with a "yea" vote.
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kidcarter8

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Re: Major League Baseball
« Reply #3295 on: June 21, 2020, 06:22:57 PM »

No vote today.
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Hamilton Samuels

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Re: Major League Baseball
« Reply #3296 on: June 21, 2020, 06:31:26 PM »

Players Association vote today on latest MLB proposal.

38 votes.  20 yeah needed.  But the 8 members of committee all expected to be nays.  Thus 20 of the 30 team votes will be needed for approval.

The yeah vote - a form of grudging agreement, not to be confused with a "yea" vote.
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kiidcarter8

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Re: Major League Baseball
« Reply #3298 on: June 22, 2020, 09:26:01 PM »

Hey big man Trout - hey - Bauer the clown -

what happened to "tell us when and where?"
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Yankguy1

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Re: Major League Baseball
« Reply #3299 on: June 22, 2020, 09:29:18 PM »

Why does somebody who professes to not caring if there's baseball this season take the time to cyber trash-talk?
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"Well, I left Rome and landed in Brussels.  On a plane ride so bumpy that I almost cried. Clergy men in uniform, and young girls pulling mussels. Everyone was there to greet me when I stepped inside..."-Bob Dylan
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