[USML Announce] Rights to Reclaim FAAB -- Issue #1

[Richard E. Robbins]

Robbins, Barrett, Klein and Fruit have voted for Version 2.
Nobody has voted for Version 1.
 
What say the rest of you?
 
-- Rich


  _____  

From: announce-bounces at usml.net [mailto:announce-bounces at usml.net] On Behalf
Of Andrew R. Klein
Sent: Wednesday, February 11, 2004 5:55 AM
To: USML Announcements
Subject: Re: [USML Announce] Rights to Reclaim FAAB -- Issue #1


I vote for Version 2.
 
-Andy
----------------------------------------------------------
Andrew R. Klein
Indiana University School of Law-Indianapolis
(317) 274-2099

----- Original Message ----- 
From: Robbins,  <mailto:rrobbins at Sidley.com> Richard 
To: 'announce at usml.net' 
Sent: Tuesday, February 10, 2004 10:41 AM
Subject: [USML Announce] Rights to Reclaim FAAB -- Issue #1


Here are two versions of the insert to Section 14.6 to address the first
issue raised by Jeff yesterday afternoon. 

The first version limits the ability to claim FAAB to the League team that
actually has the player on its roster when the NL trade takes place.  This
would preclude a team that had done a trade for the player earlier in the
reporting period from getting the FAAB money.  The second version would give
effect to the USML trade so long as the trade is announced to the league
generally.

Version 1: 

The right to have funds added to a team's FAAB is limited to the League team
on whose roster the player appears when the player is traded to the National
League.

Version 2: 

The right to have funds added to a team's FAAB is limited to the League team
on whose roster the player appears when the player is traded to the National
League, provided, that for the limited purpose of this Section 14.6, a trade
between League teams shall be given effect as of the time that the trade is
generally announced to the League.

Do these alternatives seem to frame the issue properly?  If not, please
suggest revisions. 

Assuming that the alternatives at least frame the issue properly, I will
support the second version. 

I hope that somebody will keep track of league sentiment on this issue and
let us know what the tally is. 

I hope that Jeff or someone else will draft text to accompany the other
issue Jeff raised -- don't assume that I will get around to it.

-- Rich 

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