April 16, 20196 yr comment_387162 2 hours ago, bryan35 said: Wouldn't the AAF be in breach of the contract by not paying the players? That's the same question I asked when the CFL decided not to pay players the bonus money. IMO and I'm no lawyer... It's likely that the AAF are in breach, but that doesn't mean the contracts are automatically and quickly brought to an end. More likely that the players would have to sue, which they'd win, but that would take time.
April 16, 20196 yr comment_387163 25 minutes ago, TBURGESS said: That's the same question I asked when the CFL decided not to pay players the bonus money. IMO and I'm no lawyer... It's likely that the AAF are in breach, but that doesn't mean the contracts are automatically and quickly brought to an end. More likely that the players would have to sue, which they'd win, but that would take time. And a sizeable retainer to the lawyer up front. If the corporation (AAF) has no tangible assets, you would end up with an unenforceable judgement after spending a fair bit of money.
April 17, 20196 yr comment_387258 16 hours ago, Tracker said: And a sizeable retainer to the lawyer up front. If the corporation (AAF) has no tangible assets, you would end up with an unenforceable judgement after spending a fair bit of money. Wouldn't the reverse be true also? Players could sign contracts with the CFL and the AAF would have sue to get the contract rescinded?
April 17, 20196 yr comment_387264 37 minutes ago, Jesse said: Wouldn't the reverse be true also? Players could sign contracts with the CFL and the AAF would have sue to get the contract rescinded? I would think so, but the international barrier would be an issue. However, there is not an agreement between the two leagues and there is probably no one at AAF left alive to pursue the action, or pay for it.
April 17, 20196 yr comment_387269 1 hour ago, Jesse said: Wouldn't the reverse be true also? Players could sign contracts with the CFL and the AAF would have sue to get the contract rescinded? But the CFL is not going to sign a contract with someone who may not be able to honour it. Then, the CFL would have to sue the player. Also, you can't knowingly enter a contract when you're bound by another agreement that would preclude you from playing in another league. I'm sure the AAF agreements are tight.
April 17, 20196 yr comment_387324 AAF pitched a merger with XFL before the season even began. Vince said no way https://www.sportsbusinessdaily.com/Journal/Issues/2019/04/08/Leagues-and-Governing-Bodies/AAF.aspx
April 17, 20196 yr comment_387374 How would that even work? The AAF season was like 10 games. Buy the contract now they are playing 18 games? The contracts are also USD. The players would have no obligation to go along with it either. They aren't property. Edited April 17, 20196 yr by JuranBoldenRules
April 17, 20196 yr comment_387377 1 hour ago, Mr Dee said: Another spin to this crazy story... Good luck with that He's obviously being paid by the hour but it must be like picking through a landfill site for beer bottles.
April 18, 20196 yr comment_387394 3 hours ago, Mr Dee said: Another spin to this crazy story... Good luck with that CFL GM's are well practised at this game, they'll wait until the flesh drops from the bones.
April 18, 20196 yr comment_387424 17 hours ago, Mr Dee said: Another spin to this crazy story... Good luck with that Pretty disgusting that they want to make it difficult for people to do their job or make a living.
April 18, 20196 yr comment_387434 20 minutes ago, Blueandgold said: Pretty disgusting that they want to make it difficult for people to do their job or make a living. It is the bankruptcy trustee's job to wring every last dollar out of whatever assets might remain. I do not know if under US laws, employee owed wages are given priority in company dissolutions but I would bet not. So, the trustee is working for creditors and creditors only.
April 18, 20196 yr comment_387469 2 hours ago, Tracker said: It is the bankruptcy trustee's job to wring every last dollar out of whatever assets might remain. I do not know if under US laws, employee owed wages are given priority in company dissolutions but I would bet not. So, the trustee is working for creditors and creditors only. I think it is prioritized by amount owed, those at the bottom will get....nothing.
April 18, 20196 yr comment_387476 17 minutes ago, Throw Long Bannatyne said: I think it is prioritized by amount owed, those at the bottom will get....nothing. It depends on the class of the creditor. Creditors are classified, the highest class getting paid first. Secured creditors will get what's owed to them. But most won't, including the players.
April 24, 20196 yr comment_388230 JCon is correct. Even the secured creditors are unlikely to get everything back. The "assets" that are reported will be sold for pennies on the dollar as is the case with all bankruptcy sales. No one pays full value for assets from a bankruptcy claim.
April 24, 20196 yr comment_388239 fwiw, there's apparently a bunch of AAF players participating in Bombers mini-camp right now...
April 24, 20196 yr comment_388291 3 hours ago, Noeller said: fwiw, there's apparently a bunch of AAF players participating in Bombers mini-camp right now... Yes, but unsigned.
April 24, 20196 yr comment_388293 4 minutes ago, JCon said: Yes, but unsigned. Indeed but we only have the rights to them for something like 56 hours (according to one of the beat writer tweets) so we'll have to sign them sooner rather than later........
April 24, 20196 yr comment_388331 What is the AAF or trustee going to do? Initiate court action to stop someone from earning a living? The AAF is a non-factor at this point.
April 25, 20196 yr comment_388337 1 hour ago, JuranBoldenRules said: What is the AAF or trustee going to do? Initiate court action to stop someone from earning a living? The AAF is a non-factor at this point. The CFL ignores another league's legal contracts at its peril. The NFL could always decide that if the CFL can do it...
April 25, 20196 yr comment_388391 16 hours ago, WBBFanWest said: The CFL ignores another league's legal contracts at its peril. The NFL could always decide that if the CFL can do it... Entirely different situations and we all know it. The CFL is honouring these contracts right now out of sheer respect for a process, but if push comes to shove, they're not going to think twice about providing a guy an opportunity to earn a living in spite of what some defunct circus thinks about their entitlement to these players.
April 25, 20196 yr comment_388392 16 hours ago, WBBFanWest said: The CFL ignores another league's legal contracts at its peril. The NFL could always decide that if the CFL can do it... The AAF contracts were void the minute they closed shop. Very basic principle of contract law is that if one side does not live up to their obligations the other party is not bound to their obligations. The AAF is not providing the opportunity for the players to earn money playing football, therefore contract is worthless.
April 25, 20196 yr comment_388393 7 minutes ago, Mike said: Entirely different situations and we all know it. The CFL is honouring these contracts right now out of sheer respect for a process, but if push comes to shove, they're not going to think twice about providing a guy an opportunity to earn a living in spite of what some defunct circus thinks about their entitlement to these players. Mike, it's only different because the NFL says it is. They're willing to honour our contracts because having a stable "feeder" league is in their best interest. But don't doubt for a second that if they ever decided that they really don't need the CFL, our contracts wouldn't be worth the paper they are printed on.
April 25, 20196 yr comment_388396 Just now, JuranBoldenRules said: The AAF contracts were void the minute they closed shop. Very basic principle of contract law is that if one side does not live up to their obligations the other party is not bound to their obligations. The AAF is not providing the opportunity for the players to earn money playing football, therefore contract is worthless. The contracts are void the minute that both parties say they are. Until then, either side can claim that the contract is still in effect and binding. That's why we have courts.
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