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#11 | |
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Contains football related knowledge
Join Date: Mar 2004
Location: Second Star On The Right
Age: 63
Posts: 10,401
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Re: Good/Bad News for a Change - 2013 18MM cap penalty probably (not) going away
Quote:
@FRLPG as to the waiver being a termination offense - Waivers like the one in this settlement are pretty standard in any settlement. Had their been no omnibus waiver, there would not have been a settlement. I would never let a client settle a suit without a general waiver. If the other side wants to change that, it would have to be a very specific, very limited exception and you would need to give up a lot to get it as a settlement term. Think about it - would you settle a huge lawsuit against you, with terms you didn't like but accepted so the suit would be over, if the someone could reopen the whole can of worms, again, six months after the ink was dry? I don't fault the waiver. I fault the pre-settlement investigation. If I'm a player, my reaction is - "What the hell? Why didn't this come out? Somebody was not asking the right questions. Was this something we knew about? What did we get for waiving this?" The owners played their cards very well. They knew exactly when to hold'em and when to fold'em.
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