The Dodgers are cheating financially

[TURBO]

It will be ignored and brushed under the rug, no penalties, no consequences, nothing.

It's how the world does things, and how MLB does things.

Twist the facts until it becomes too complicated to figure out, then just ignore it and forget it...

Good times.

[JCREW]

Big money will always protect big money. 

People with massive assets and huge tracts of land will always have the inside track on moving money, getting loans, earning interest, hiding money etc. The average person doesn't even know the regulatory rules that govern what you can and can't do with massive piles of money.

They just operate under a different set of rules than 99% of people, and won't actually feel financial distress if their net worth has 9 zeroes instead of 10.

And still, we cut funding for maternal health care, social security, USAID, SNAP.

Clearly I have gone off the deep end. Not only is it not fair to my baseball fandom, but why do I even pay taxes or insurance premiums.

I need a nap.

[tmwiese55]

54 minutes ago, Jopal78 said:

No it is nothing like the Clippers having handshake deals with players.

The Federal investigation is about loans made by Walter from his own Insurance Company A to his own Company B with friendly terms that wouldn’t exist in the marketplace. 

Where it may run afoul is that if Company B fails to pay the loans back or Company A sustains huge losses it could put the policy holders at risk, and Walter allegedly didn’t disclose the loans. The Insurance Company A is supposed to disclose those loans and didn’t, the investigation is about the action/inaction of Company A.

He sold the Lakers because the loans came to light and he needed to infuse the insurance companies with cash.  So far there is nothing connecting the Dodgers (and certainly not baseball operations) to the Walter financial empire’s Federal scrutiny. 
 

 

 

If what is alleged is true you're missing or ignoring the cap cheating and revenue sharing impact of it. Which is a baseball story, 100%, and similar to the Kawhi stuff

[TURBO]

MLB will do all they can to bury this story.

[Jopal78]

1 hour ago, tmwiese55 said:

If what is alleged is true you're missing or ignoring the cap cheating and revenue sharing impact of it. Which is a baseball story, 100%, and similar to the Kawhi stuff

There is no cap in baseball. There is also  an huge difference between the Dodgers baseball operations committing fraud (not mentioned by anyone as far as I know) and legal, but perhaps unscrupulous, manipulation of MLB’s revenue sharing rules. 
 

Do you think a billionaire owner Mark Walter, Andrew Friedman or really anyone in their Baseball Operations Dept. are going to risk going to prison by perpetuating a fraud just so the Dodgers can sign Kyle Tucker or Tyler Glasnow…. Sheesh

[tmwiese55]

13 minutes ago, Jopal78 said:

There is no cap in baseball. There is also  an huge difference between the Dodgers baseball operations committing fraud (not mentioned by anyone as far as I know) and legal, but perhaps unscrupulous, manipulation of MLB’s revenue sharing rules. 
 

Do you think a billionaire owner Mark Walter, Andrew Friedman or really anyone in their Baseball Operations Dept. are going to risk going to prison by perpetuating a fraud just so the Dodgers can sign Kyle Tucker or Tyler Glasnow…. Sheesh

You know what I meant, the luxury tax cap and the subsequent revenue sharing that comes from that as well.  That's what is being alleged here, IDK how true, but is a baseball story if so.

Your choosing to say no way a rich person would cheat is an interesting take these days, but you waiving it away is a different discussion than to say it doesn't effect baseball.  Take that up with the writers if your take is no way it would happen. But what's being alleged definitely does constitute a baseball story since it effects normal revenue sharing, along with salary tax penalties/sharing.

[Thurston Fluff]

If they close those loopholes do we still need a salary cap? It would be nice but a hard cap is going to be very messy and very well could mean a cancelled 2017 season. If the owners can get those loopholes closed it might mean the soft cap with enhanced revenue sharing could level the field enough to be relatively fair. 

This might be a good thing to be coming out now. It gives owners a reason to believe getting their house in order is a better option than demanding players give in on the one thing they are least likely to give in on.

[Thurston Fluff]

If they close those loopholes do we still need a salary cap? It would be nice but a hard cap is going to be very messy and very well could mean a cancelled 2017 season. If the owners can get those loopholes closed it might mean the soft cap with enhanced revenue sharing could level the field enough to be relatively fair. 

This might be a good thing to be coming out now. It gives owners a reason to believe getting their house in order is a better option than demanding players give in on the one thing they are least likely to give in on.

[owbc]

It's not in the mainstream because the investigative reporting was done by a Twitter user. The mainstream stories will come, give it time, needs to be more of a story than line items in financial filings. 

From the MLB owners' perspective, I have no doubt that they let all of this happen to push the salary cap narrative. Surely people knew about the revenue sharing manipulation. Surely other teams are also trying to hide revenue or at least exploiting loopholes. 

There will be repercussions.