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#1
09-24-2004, 06:15 PM
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Williams must repay Dolphins $8.6 million
This is good for the principle of the good work ethic in America.
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#2
09-24-2004, 07:19 PM
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Re: Williams must repay Dolphins $8.6 million
actually its more like taxes. He earned the money and now he has to pay it back. If there wasn't a clause in his contract I would say this was even more ridiculous.
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#3
09-24-2004, 07:32 PM
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Re: Williams must repay Dolphins $8.6 million
How is this like taxes?
You have a signing bonus, you have a contract, but its OK to take the bonus and keep it but not serve out the contract? How did he "earn it"? I would think you earn it (the bonuses above and beyond the salary) when you fulfill your contract to the best of your ability.
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#4
09-24-2004, 07:33 PM
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Re: Williams must repay Dolphins $8.6 million
If you quit your job you are a traitor!
Thats what the terrorists want you to do! This has nothing to do with the "principle of work ethic in America." Its just a legal dispute about what his contract actually said.
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#5
09-24-2004, 07:38 PM
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Re: Williams must repay Dolphins $8.6 million
[ QUOTE ]
He is fulfilling his contract, what does that have to do with "the principle of work ethic in America"? [/ QUOTE ] The whole point is he quit before the season, so he is not fulfilling his contract.
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#6
09-24-2004, 07:39 PM
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Re: Williams must repay Dolphins $8.6 million
His performance on the field got him a lot of extra money, because his contract had incentives in it. I think the signing bonus should be returned, but that was only about 3.5 million. He is giving back 8.6 million.
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#7
09-24-2004, 07:46 PM
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Re: Williams must repay Dolphins $8.6 million
[ QUOTE ]
His performance on the field got him a lot of extra money, because his contract had incentives in it. I think the signing bonus should be returned, but that was only about 3.5 million. He is giving back 8.6 million. [/ QUOTE ] There is validity to your point, but it should be said that he was trying to extort more money from the Dolphins before he quit. He gambled on a high risk strategy and lost. And if he declares bankruptcy, he will be again trying to "game" the system. Legal trickery instead of hard work - I have no sympathy for him.
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#8
09-24-2004, 08:41 PM
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Re: Williams must repay Dolphins $8.6 million
Actually, he'll probably get to keep $3.2(ish) million of it, and have to pay back the rest. Miami agreed to pay a portion of his signing bonus from New Orleans when they acquired him, and the court will likely decide that he can keep that part.
He should be liable to pay back the rest, though. Miami will likely garnish future wages rather try to bankrupt him. I agree that, in principle, him being allowed to keep the entire bonus is a bad character reinforcer.
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