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  #1  
Old 12-06-2002, 06:06 PM
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hose hose is offline
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Default Frank Thomas

Just heard on the Score that the Big Hurt signed a one year deal with the White Sox with 3 years as options.

Don't know how accurate the news is but it looks like Frank will be playing on the "south side" next year
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Old 12-06-2002, 06:08 PM
Iguana775 Iguana775 is offline
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any numbers? $$??
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Old 12-06-2002, 06:15 PM
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Default Re: Frank Thomas

Quote:
Originally posted by hose
Just heard on the Score that the Big Hurt signed a one year deal with the White Sox with 3 years as options.

Don't know how accurate the news is but it looks like Frank will be playing on the "south side" next year

If that one year is for anything less than forty million dollars Frank should fire his agent on the spot.
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Old 12-06-2002, 06:19 PM
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It's already hit the wires,no details on money though.
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  #5  
Old 12-06-2002, 06:20 PM
cheeses_h_rice cheeses_h_rice is offline
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The Score seems to be saying it is just a one-year guaranteed deal, with 3 years on the option...bizarre.

Mike North is saying that Frank might be saying with this deal, "I can still play."

Huh.
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  #6  
Old 12-06-2002, 06:20 PM
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RedPinStripes RedPinStripes is offline
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This doesnt sound right. Thomas was guarenteed 40 million. The only way it makes sense is if Thomas is pissed off and plans to market himself for next years free agency.
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Old 12-06-2002, 06:28 PM
Hullett_Fan Hullett_Fan is offline
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Quote:
The only way it makes sense is if Thomas is pissed off and plans to market himself for next years free agency.

Still wouldn't make sense because next year's FA class is stacked. I just don't get why he'd do it. Is he spiraling into debt and need to pay off bills ASAP???

Like the economist Patrick Ewing said during the last NBA strike:

"People don't understand...we players need to make more money because we spend more money"
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Old 12-06-2002, 06:31 PM
StepsInSC StepsInSC is offline
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yahoo

yes one year with a three year option, yahoo has it up too.
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  #9  
Old 12-06-2002, 06:47 PM
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Yup just heard a little on the news about it. Didnt say anything about money either.
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Old 12-06-2002, 06:56 PM
hempsox hempsox is offline
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Quote:
Originally posted by Hullett_Fan
I just don't get why he'd do it. Is he spiraling into debt and need to pay off bills ASAP???
This would be the only way that I could see him wanting to restructure his contract. Perhaps due to the fact that he owes sooo much he cannot get a decent accountant to tell him that he could get a loan on the money that is deferred. Perhaps he knows that when he would get the money the economy will be so wrecked that it wouldn't be worth anything.

Maybe he's afraid that Uncle Jerry will be too poor to pay him when the time comes...

Maybe KW and Frank are drinking from the same water source.?
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  #11  
Old 12-06-2002, 06:59 PM
cheeses_h_rice cheeses_h_rice is offline
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According to the article on the MLB site:

Quote:
Beginning in 2004, Thomas and the White Sox hold mutual one-year options meaning either Thomas or the club can exercise their option for the following season, thereby guaranteeing the contract for another year. If both sides choose not to exercise the option, Thomas becomes a free agent. If Thomas declines his player option for the 2004 season and the White Sox exercise their option, Thomas could become a conditional free agent by buying out the Sox option. The White Sox can buy out Thomas' option for 2006, the final year of the agreement.
So, I'm reading this as meaning that, as long as Frank wants to stay with the White Sox for up to 3 more years, he can.

There has to be more to the contract than this, though; I wonder if the $ figures on the option years vary depending on performance/milestones reached, etc.?
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Old 12-06-2002, 07:08 PM
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Quote:
Originally posted by hempsox
This would be the only way that I could see him wanting to restructure his contract. Perhaps due to the fact that he owes sooo much he cannot get a decent accountant to tell him that he could get a loan on the money that is deferred. Perhaps he knows that when he would get the money the economy will be so wrecked that it wouldn't be worth anything.

Maybe he's afraid that Uncle Jerry will be too poor to pay him when the time comes...

Maybe KW and Frank are drinking from the same water source.?
What totally floors me is the fact that in reality,all Arn Tellem had to do was file a greivance with MLB,there is a limit of two years on deferred money in the new CBA,and I doubt they grandfathered current contracts.Frank would have waited two years to get his money,but instead had his agent sell him a bad deal that cancels out forty million guaranteed dollars.
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Old 12-06-2002, 07:15 PM
MisterB MisterB is offline
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Quote:
Beginning in 2004, Thomas and the White Sox hold mutual one-year options meaning either Thomas or the club can exercise their option for the following season, thereby guaranteeing the contract for another year. If both sides choose not to exercise the option, Thomas becomes a free agent. If Thomas declines his player option for the 2004 season and the White Sox exercise their option, Thomas could become a conditional free agent by buying out the Sox option . The White Sox can buy out Thomas' option for 2006, the final year of the agreement.
Has anyone ever heard of a PLAYER having to buy out a TEAM option before? Isn't that usually the other way 'round? Thomas moves from one bizzare contract to another...
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Old 12-06-2002, 07:21 PM
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Quote:
Originally posted by MisterB
Has anyone ever heard of a PLAYER having to buy out a TEAM option before? Isn't that usually the other way 'round? Thomas moves from one bizzare contract to another...
A player buyout is common,it happens more in other sports than it does in baseball,but it is almost always the players way out of a club option when it is a mutual option.
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  #15  
Old 12-06-2002, 07:26 PM
cornball cornball is offline
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What was the terms of Franks old contract.


JR was quoted of saying ".....a contract that gives both sides control of future years, while making it possible for Frank to achieve a salary figure very similar to what existed under his old contract..........."
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