Cubs Ask Non Players To Sign Agreement To Not Sell World Series Rings

A detail shot of Jorge Soler in a ceremony where former players were presented 2016 World Series rings before the game against the Milwaukee Brewers on April 17, 2017 at Wrigley Field in Chicago, Illinois. The Brewers won  6-3. (Photo by David Banks/Getty Images)David Banks/Getty Images

The Chicago Cubs have asked non-players within the organization to sign an agreement giving the team the right to buy back World Series rings for $1.

According to ESPN.com's Jesse Rogers, the arrangement is meant to discourage non-players from selling their rings elsewhere.

Per Rogers, the Cubs handed out 1,908 rings and paid taxes on them for many of the lower-level employees who received one.

Cubs general manager Jed Hoyer is among those who support the organization's decision:

I signed that thing willingly. Everyone except for the players signed it. I look at it as the Ricketts [ownership] were so unbelievably generous in the cost of the ring and the number they gave out, I think it's totally appropriate when you're paying for the ring and helping out with the taxes along with that—it seems appropriate to say, 'I don't expect you to take the gift I'm giving you and run out to the market with it.'

Hoyer also pointed out that the agreement will prevent the ring from flooding the market and becoming devalued.

Non-players may still be authorized to sell their rings, but they are obligated to notify the Cubs of the proposed transaction, at which point the team could exercise the option to buy them back for $1.

The Cubs ended a 108-year World Series championship drought last year when they defeated the Cleveland Indians in seven games.

 

For more news, rumors and related stories about Chicago Cubs and MLBcheck out the MLB and Cubs streams on Bleacher Report's app.       

Source : http://bleacherreport.com/articles/2704548-cubs-ask-non-players-to-sign-agreement-to-not-sell-world-series-rings

Cubs Ask Non-Players to Sign Agreement to Not Sell World Series Rings
Cubs ask non-players to sign doc discouraging sale of World Series rings
Cubs look more like themselves in snapping four-game losing streak with comeback win over Brewers
2016 World Series: Cubs or Indians? Here are our picks
Chicago Cubs vs. Cleveland Indians World Series live stream, TV schedule, game preview (Game 2)
Why MLB's 2016 postseason was a game-changer
Battery-powered Indians top Cubs, 6-0, in World Series opener
Cubs-Indians World Series Game 1: Final score, things to know as Indians win opener
Can Chicago Cubs repeat Red Sox miracle against New York Mets? -- Sports Trending (photos)
Cavaliers Blow 26-Point Fourth-Quarter Lead
www.axainsurance.ie « privilege car insurance customer reviews « car insurance in queens ny « young adults on parents auto insurance « infinity car insurance in mesa az