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Blog Entry

K-Rod contemplates lawsuit against former agents

Posted on: February 19, 2012 11:07 pm
Edited on: February 19, 2012 11:22 pm
 
By Matt Snyder

Brewers relief pitcher Francisco Rodriguez may file a lawsuit against his former agents, Paul Kinzer and Arn Tellem of Wasserman Media Group, reports Bob Nightengale of USA Today.

K-Rod and his attorneys allege that he was led to believe he had a no-trade clause that included 10 teams -- the Brewers being one of them -- by his agents when he initially signed a three-year contract with the Mets before the 2009 season. Instead, the former closer found out there was no such clause in July of last season. After realizing the omission, Rodriguez fired the agents and hired Scott Boras.

"They did something atrocious,'' Rodriguez's attorney Richard Johnson said (USAToday.com). "Their utter arrogance makes this so evil. It's like rear-ending somebody, but instead of stopping your car and trading insurance information, these guys blew up the car, took off, and ran away. They committed negligence, and turned it into a fraud case.''

Boras negotiated a $500,000 buyout out of K-Rod's vesting option for 2012, which was worth $17.5 million. He would have pretty easily finished enough games to make the option vest had he stayed with the Mets or been traded to a team that would use him as the closer. Instead, he accepted the buyout and was traded, eyeing a big free agent this deal in the offseason.

As the closer market dried up this past offseason, however -- not to mention the fact that Rodriguez had zero saves with the Brewers -- Rodriguez decided to accept arbitration from the Brewers instead of hitting the open market and ended up with a one-year, $8 million contract.

"He's going to lose a lot of money, the question is whether it's seven figures or eight figures,'' said Johnson(USAToday.com). "There's long-term damage to his career. He wasn't even in position to be marketed as a closer last winter. They really [messed] with his career in a monumental way.''

Had Rodriguez's contract contained the no-trade clause, he could have made sure he was in a closing situation -- perhaps having a great second half and setting himself up for a free agency offer from a team seeking a closer. Instead he'll remain in the setup role at least one more season.

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Comments
lingkind
Since: Feb 20, 2012
Posted on: February 20, 2012 12:00 pm
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Since: Nov 21, 2006
Posted on: February 20, 2012 11:13 am
 

K-Rod contemplates lawsuit against former agents

Basically live with the contract you SIGNED. At some point, accountability comes down to K-Rod. He might also be at fault for hiring and trusting unscrupulous agents, but again, that comes down to his own decision. He probably hurt his own market by punching his father-in-law in the face in the Mets clubhouse, but maybe that was someone else's fault too?



Since: May 17, 2008
Posted on: February 20, 2012 10:32 am
 

K-Rod contemplates lawsuit against former agents

The initial contract he signed may have shown there to be 10 team clause only for the then Mets owners, who are also in trouble regarding business matters, to get him to sign a 'fake' contract with the clause in, which didn't actually exist
Don't be ridiculous.  Assuming the Mets "switched" contracts after "the inititial contract he signed" had a 10 team no-trade clause -- K-Rod, his agents and MLB would all have copies of this original contract with the no-trade clause.  It is not just the team that keeps a copy of the contract, there are multiple copies.  We would have heard about this a lot earlier and it would have been dealt with BEFORE he was traded to the Brewers, a team on the no-trade list.  It is simply impossible for the Mets to have somehow switched contracts and dealt K-Rod to the Brewers if there was ever a signed contract with a no-trade clause in it. 




Since: May 17, 2008
Posted on: February 20, 2012 10:27 am
 

K-Rod contemplates lawsuit against former agents

If his agents told him there was a no-trade clause in the contract and there wasn't, that was clearly wrong-no question.  Also wrong, signing a contract that you apparently did not read.  Had K-Rod actually read his contract before signing it he would have known the clause was not there and could have refused to sign the contract so he has his own level of negligence in this matter as well ---NEVER sign something you did not read and if you do don't complain about it later.

What really cost him money, however, was not the absence of the no-trade clause but his decision to accept a $500,000 buy-out of his contract, forgoing a guaranteed $17,000,000 in hopes of getting a bigger deal with somebody else.  Basically he and Boras grossly overestimated the market for closers and what K-Rod would get on the open market and now its bit him in the butt to the tune of $9,000,000.

Plenty of blame to go around in this one.



Since: Jan 31, 2007
Posted on: February 20, 2012 7:34 am
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Since: Mar 19, 2008
Posted on: February 20, 2012 5:27 am
 

K-Rod contemplates lawsuit against former agents

Not defending K rod and his beat old men up attitude by any means. But he's not gonna be making 8 million next year. After the goverment takes at least 4 mil of that, his lawyers he'll have to pay for this lawsuit, paying Boras his cut for getting him the 8 mil, and making his wife and kids happy he's lucky if he has a million left for himself. Hope he gets every cent of that 17 mil back in the lawsuit cause it's only gonna end up being 5 mil at the most after all the factors.

That goes for every pro athlete. They have to pay ridiculous taxes to the goverment that we low class/middle class people don't. While we're complining about the 20-25% of our money we lose to the goverment....millionaire athletes with no buisness sense are losing at least half. Not feeling bad for them, they should still be able to live the good life if they're smart with thier money, and those that don't deserve to lose it. But don't say that whole 8 mil is gonna into the pockets of K-Rod and his family cause it's probably more like 2.5 mil after the goverment, his lawyers, his accountants, and his agent take thier cut. Thus why I agree K Rod needs to sue.



Since: Aug 18, 2006
Posted on: February 20, 2012 1:54 am
 

K-Rod contemplates lawsuit against former agents

Anybody who asks for a 500,000 buyout when 17,500,000 is a sure thing is a retard regardless of the situation. I am sure the 8,000,000 will feed your kids and whatever else you really need for the rest of your life. Caulk the 9,000,000 loss as a bonehead move on your part. I would play for the Buzz for 40 years for 17,500,000. I would be happy with the 8,000,000 if I were you. Surely you are not going to get by on your brainpower. Hope that arm holds up.



Since: Sep 27, 2006
Posted on: February 20, 2012 1:19 am
 

K-Rod contemplates lawsuit against former agents

>>>As the closer market dried up this past offseason, however -- not to mention the fact that Rodriguez had zero saves with the Brewers -- Rodriguez decided to accept arbitration from the Brewers instead of hitting the open market and ended up with a one-year, $8 million contract.

The jerk is going to make 8 million dollars in one year and whines about "losing money"?

Please.

He could live quite comfortaby for the rest of his life on $8 mil.




Since: Aug 2, 2011
Posted on: February 20, 2012 12:20 am
 

K-Rod contemplates lawsuit against former agents

I have to say that K-Rod could be wrong about his former agents stitching him up.

The initial contract he signed may have shown there to be 10 team clause only for the then Mets owners, who are also in trouble regarding business matters, to get him to sign a 'fake' contract with the clause in, which didn't actually exist.

Secondly, K-Rod should have had a third person confirm what the terms and conditions of the contract were, a third party who has no vested interest in who plays for.

More will come out about this in the wash but feel that it is wrong for anyone to pre-judge K-Rod's former agents till ALL facts come out and are established. It has not ruined his career and in these times of austerity, he needs to think of the fans who may be struggling financially


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