Stakesarehigh
One day it will all make sense
I believe the owners are considering it, but I don't know that for a fact. I do know the players only care about 2020, despite what they claim publicly.
And that's extremely short sighted
I believe the owners are considering it, but I don't know that for a fact. I do know the players only care about 2020, despite what they claim publicly.
And that's extremely short sighted
I am not an accountant or a lawyer, but if I remember correctly from my business school years, declaring bankruptcy does not clear all debts. I think it just prevents liens or collections for a certain amount of time so the entity can attempt to get itself back on its feet. Further, some liabilities remain, and I believe taxes and labor are at the top of this list. I am not certain guaranteed contracts would qualify as labor, though. I think they are technically 1099 workers.serious question, I'm not a lawyer, I just play the best one on TV
If a mlb team or any sports team decides to claim bankruptcy, say the Oakland A's or Miami Marlins, are they off the hook of having to pay the players salaries that were aready signed?