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Re: They don't have to have cash in a bank vault

February 14, 2020 02:13PM
Quote
promomasterj
When you're worth as much as an NFL owner there are many ways to access cash. Most high net worth people aren't sitting on piles of cash - but they can raise cash cheaply when they need it. Just like most banks don't have your money in stacks of bills in a vault.

This is an old rule that applies to old views of how businesses work.

It's not free money. If you have assets and not cash, it's sell something or borrow money, both of which have consequences...and remember, you do it every time you sign a major contract.

Again.

Why do you think the player's union opposes the escrow requirement? Do we know more about this than they do? Or is it more likely that they know more about it than we do and want it eliminated for good reasons?
SubjectAuthorViewsPosted

  Something I learned about NFL contracts and guarantees

Deadpool562February 12, 2020 06:22AM

  Re: Something I learned about NFL contracts and guarantees

zn237February 12, 2020 06:30AM

  Wow!

RamUK202February 12, 2020 07:52AM

  Re: Wow!

zn166February 12, 2020 08:05AM

  Agree zn, spanos crying poor is laughable

promomasterj132February 12, 2020 08:33AM

  Re: Agree zn, spanos crying poor is laughable

zn120February 12, 2020 08:49AM

  Re: Agree zn, spanos crying poor is laughable

Ohiorams94February 12, 2020 09:01AM

  Which teams can't afford it? Spanos is worth 2.4 billion

promomasterj53February 14, 2020 09:53AM

  Re: Which teams can't afford it? Spanos is worth 2.4 billion

AlbaNY_Ram56February 14, 2020 11:31AM

  exactly it's cash flow not assets

zn70February 14, 2020 12:21PM

  They don't have to have cash in a bank vault

promomasterj53February 14, 2020 01:14PM

  Re: They don't have to have cash in a bank vault

zn54February 14, 2020 02:13PM

  You think Kroenke has 700 million in cash lying around?

promomasterj60February 14, 2020 03:23PM

  Re: You think Kroenke has 700 million in cash lying around?

zn59February 14, 2020 03:44PM

  Re: You think Kroenke has 700 million in cash lying around?

AlbaNY_Ram65February 14, 2020 04:42PM

  Re: Wow!

dzrams101February 12, 2020 09:12AM

  another take on this

zn100February 12, 2020 11:22AM

  Its funny how that works

Deadpool94February 12, 2020 10:28AM

  Re: Its funny how that works

zn81February 12, 2020 08:45PM

  TO fix This Guaranteed Non Guaranteed - League needs Gurley Rule like NBA Bird Rule

Rams_8192February 14, 2020 04:31AM

  That's not what the NBA Bird Rule is

AlbaNY_Ram92February 14, 2020 07:40AM