Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
Quote:
Originally Posted by thejumpa
Yeah, but how much will he stand to lose this season? 10 mil maybe? That's a lot of money obviously, but he will be payed tons in the future. Based off everything we have seen, past and present, they won't be able to void his contract.
"There are moral clauses written into most contracts, giving the team the option of voiding a contract for actions considered detrimental or embarrassing to the organization if publicized.""
You don't think this is an embarassment to a team that had to change its name from the "Bullets"... one that might want to get a massive contract off its books?
Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
Does this guy have no PR representatives or something? I'm sure he's got attorneys and an entourage, but damn dude straight up made a joke out of all this. Whether he feels innocent or not, he has handled the situation all wrong... I envision a huge "T.I having to give PSA's about guns to children" kind of thing coming to Gilbert in the future, before or after any jail time he might receive.
But Wizards general manager Ernie Grunfeld, who allegedly was the one to report Arenas' firearms to NBA security, may have another option -- one he's seriously considering should Arenas be charged with a crime: void his contract.
The move, which would free the Wizards of any financial obligation and instantly remove Arenas' salary from their books, is complicated but not unprecedented. The NBA's collective bargaining agreement clearly states that a contract can be voided if a player "at any time, fails, refuses, or neglects to conform his personal conduct to standards of good citizenship, good moral character (defined here to mean not engaging in acts of moral turpitude, whether or not such acts would constitute a crime), and good sportsmanship ..." It could be argued that any criminal charges leveled against Arenas would constitute a failure in personal conduct.
Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
Quote:
Originally Posted by thejumpa
Yeah, but how much will he stand to lose this season? 10 mil maybe? That's a lot of money obviously, but he will be payed tons in the future. Based off everything we have seen, past and present, they won't be able to void his contract.
There is no but. No wealthy human being is ok with losing that kind of money.
But Wizards general manager Ernie Grunfeld, who allegedly was the one to report Arenas' firearms to NBA security, may have another option -- one he's seriously considering should Arenas be charged with a crime: void his contract.
The move, which would free the Wizards of any financial obligation and instantly remove Arenas' salary from their books, is complicated but not unprecedented. The NBA's collective bargaining agreement clearly states that a contract can be voided if a player "at any time, fails, refuses, or neglects to conform his personal conduct to standards of good citizenship, good moral character (defined here to mean not engaging in acts of moral turpitude, whether or not such acts would constitute a crime), and good sportsmanship ..." It could be argued that any criminal charges leveled against Arenas would constitute a failure in personal conduct.
Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
Quote:
Originally Posted by RaininThrees
"There are moral clauses written into most contracts, giving the team the option of voiding a contract for actions considered detrimental or embarrassing to the organization if publicized.""
You don't think this is an embarassment to a team that had to change its name from the "Bullets"... one that might want to get a massive contract off its books?
actually its perfect irony and the best thing that could've happened to the Wizards. They were going nowhere with the Wiz being all about Gilbert getting back to his old chucking self. Wiz were good when Gilbert was hurt where they played more team oriented ball. Now they might be able to void Gilberts contract. Its definitely better than having to be on the leash for a $100mill to someone who makes your team worse.
Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
You also have to think about how much he is spending on a daily, weekly, or monthly basis... Car payments, mortgages, child support (?), etc... You know missing any amount of games (without pay) is going to hurt... Hell, the reason all this happened (supposedly) was because he didn't want to pay up in a card game, and that was what less than 1% of his income?
Re: NBA has suspended Gilbert Arenas indefinitely until investigation ends
