PDA

View Full Version : Pay Up Ricky: Arbitrator: Williams owes Dolphins $8.6M

RIyankee
09-24-04, 12:11 PM
There's still sanity in the NFL...


http://sports.espn.go.com/nfl/news/story?id=1888009
JeffWeaverFan
09-24-04, 12:16 PM
Sucks for Ricky. He deserves this though. I hear he might file bankruptcy...
NYYFAN
09-24-04, 12:21 PM
Time for Ricky to buy cheaper weed...
DaBoys4LifeNYY35
09-24-04, 12:23 PM
Being a first-round pick and all, he didn't even stay around long enough for a new contract/contract-extension, did he?

Alas...
nahzo
09-24-04, 12:47 PM
$8.6 million coulda bought a lot of weed...
Soriambi
09-24-04, 01:32 PM
From the article:

"Williams has said that if the Dolphins attempt to get the money back, he will file bankruptcy."

Why the heck wouldn't they try to get it back if they won the arbitration hearing? Are they just going to dance around saying that they won it? I would assume it's because they wanted the 8.6 mil back. I find it very hard to have any sympathy for Ricky after what he did to his team-although I wasn't crying, being a Jet fan and all. :D
RIyankee
09-24-04, 02:16 PM
Originally posted by Soriambi
From the article:

"Williams has said that if the Dolphins attempt to get the money back, he will file bankruptcy."


Too bad there's no Debtor's Prison. :evil: :lol: :evil: :lol:

Seriously, I like to have a lawyer's opinon on this thread.
NYYFAN
09-24-04, 02:36 PM
Originally posted by RIyankee


Too bad there's no Debtor's Prison. :evil: :lol: :evil: :lol:

Seriously, I like to have a lawyer's opinon on this thread.

Calling Rich...Rich you there???
Yankee Bulldawg
09-24-04, 04:14 PM
from what i heard somehwere it was'nt even money he earned while playing for the Dolphins, this was incentive money he earned while playing for the Saints.
yankeesnum1
09-24-04, 04:24 PM
Originally posted by NYYFAN
Time for Ricky to buy cheaper weed...
Or time for him to grow his own
SoCal Pinstriper
09-24-04, 06:57 PM
That is an expensive drug habit. :eek:
RIyankee
09-25-04, 03:27 AM
Originally posted by JeffWeaverFan
Sucks for Ricky. He deserves this though. I hear he might file bankruptcy...

From what little I know about bankruptcy ,I'm guessing, the courts could order any of Ricky's real estate holdings sold. If there's a shortfall that will be written off in the bankruptcy. Any other of his assets: cars, jewelery, etc. might be sold off as well. The Dolphins, and other creditors, can file a claim in Bankruptcy Court. Meanwhile Ricky's credit will be trashed for 7 years.

This is a great ruling for Miami for two reasons. First, they get salary cap relief. Second, if they can't recoup Ricky's $8.6 million, they can write it off in federal income tax as a bad debt.
PlsDontTearDownY.S.
09-26-04, 08:34 AM
I heard Peter King on the Dan Patrick radio show talking about how the Saints paid Ricky 3.3 of the 8.6 million dollars in question. The Fish should only be entitled to 5.3 million. ( only! ) Ricky should be able to keep that 3.3 mill, it's not like the Dolphins, an NFL franchise, are living in the poorhouse.