Starlin Castro has funds seized

[2323]

My prediction: the academy probably takes on a lot of cases like this. Not all of them make it. So this is about the academy being made whole. I also think the irritating part of this arrangement (for Castro) is the open-ended duration. So I predict there will be a compromise whereby Castro agrees to pay a significant lump sum so this the wont have to live up to this for the rest of his career.

 

[Parade_Rain]

Its the old saying. How much is enough? Just a little bit more. Without the academy Castro would be still in the DR and more than likely not playing ball at all. Given the alternative id be thankful for the deal Dad signed

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I'd take my dad to court, if he entered into a contract that was still costing me money in my 20's.

 

[2323]

I'd take my dad to court, if he entered into a contract that was still costing me money in my 20's.

And what would your argument be? That he helped make you millions of dollars? ... That he couldnt make drcisions in your behalf?...that his decisions created hardship fir you? If he didn't want to pursue baseball Castro wouldn't owe anything.

 

[brett05]

I'd take my dad to court, if he entered into a contract that was still costing me money in my 20's.

You could. You'd lose.

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[Parade_Rain]

You could. You'd lose.

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No. I wouldn't.

 

[Parade_Rain]

And what would your argument be? That he helped make you millions of dollars? ... That he couldnt make drcisions in your behalf?...that his decisions created hardship fir you? If he didn't want to pursue baseball Castro wouldn't owe anything.

The parent can't make decisions on behalf of an adult child when the guardian relationship is no longer there. It could certainly be argued that the parent cannot enter the minor into a perpetual contract. How did the dad help the kid make millions? By making promises that didn't impact the father?

 

[brett05]

The parent can't make decisions on behalf of an adult child when the guardian relationship is no longer there. It could certainly be argued that the parent cannot enter the minor into a perpetual contract. How did the dad help the kid make millions? By making promises that didn't impact the father?

You can make that argument but you'd lose

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[Parade_Rain]

You can make that argument but you'd lose

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Your argument is full of...details and extremely compelling.

 

[brett05]

My details are the contract

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[Parade_Rain]

My details are the contract

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Well that's not enough since there is a countersuit.

 

[brett05]

You can sue for anything

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[Parade_Rain]

You can sue for anything

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Sure. And I could disown my father via the court system and win. You didn't ask the details of which I'd sue him for. Remember...I'm pissed. Now as to the actual countersuit at hand...there is a strong chance of a settlement. The chances are that I win with the settlement being a reasonable sum, neither win (technically) and the settlement is a sizeable amount to MFB (as 2323 predicts), or the original open-ended (what I incorrectly worded as perpetual) contract stays in place., which I don't think is very likely.

 

[2323]

The parent can't make decisions on behalf of an adult child when the guardian relationship is no longer there. It could certainly be argued that the parent cannot enter the minor into a perpetual contract. How did the dad help the kid make millions? By making promises that didn't impact the father?

This is stupid. There are several things that involve minors where permission or a co-sign from a parent or guardian is required. When a 17 yer old wants to join the military, permission from a parent is required, a guy doesn't get out of the military just because he turns 18.

 

[Parade_Rain]

This is stupid. There are several things that involve minors where permission or a co-sign from a parent or guardian is required. When a 17 yer old wants to join the military, permission from a parent is required, a guy doesn't get out of the military just because he turns 18.

LOL. Your military example isn't an open ended contract.

 

[brett05]

Neither is Castro's. It ends when he's done with mlb

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[2323]

LOL. Your military example isn't an open ended contract.

Castro can always retire if he doesn't want to continue fulfilling his obligation.

This is actually less of a hardship on the minor than almost any scenario that involves consent from a guardian. This involves payingra very small percentage of huge sums of money. If a parent co-signs a loan for a minor, the child is obligated to make timely payments regardless of whether or not he can afford it. Your argument opens the door in other scenarios where a, then, minor can try to get out of his obligations by saying the guardian/parent should have used better judgment and that, if they had used better judgment, they wouldn't have authorized the minor to enter a loan agreement by co-signing.

 

[Parade_Rain]

Castro can always retire if he doesn't want to continue fulfilling his obligation.

This is actually less of a hardship on the minor than almost any scenario that involves consent from a guardian. This involves payingra very small percentage of huge sums of money. If a parent co-signs a loan for a minor, the child is obligated to make timely payments regardless of whether or not he can afford it. Your argument opens the door in other scenarios where a, then, minor can try to get out of his obligations by saying the guardian/parent should have used better judgment and that, if they had used better judgment, they wouldn't have authorized the minor to enter a loan agreement by co-signing.

These laws very from state to state, but as an example in the Entertainment/Sports industry, in the state of New York, most terms of a minors employment contract cannot last longer than three years. In the state of California OTOH, similar services contracts are capped at seven years. Obviously DR law could be very different, but the point of those examples is the control of the guardian-signed contract isn't open ended, which protects the minor, but it does extend for X amount of years into adulthood (depending on age of minor at time of Agreement), which protects the other party from the minor terminating the contract upon reaching age of majority. The open-ended contract is the issue here. Nothing more.

 

[2323]

These laws very from state to state, but as an example in the Entertainment/Sports industry, in the state of New York, most terms of a minors employment contract cannot last longer than three years. In the state of California OTOH, similar services contracts are capped at seven years. Obviously DR law could be very different, but the point of those examples is the control of the guardian-signed contract isn't open ended, which protects the minor, but it does extend for X amount of years into adulthood (depending on age of minor at time of Agreement), which protects the other party from the minor terminating the contract upon reaching age of majority. The open-ended contract is the issue here. Nothing more.

This isn't an employment contract. This is an agreement for repayment. The baseball academy isn't his employer.

 

[Parade_Rain]

This isn't an employment contract. This is an agreement for repayment. The baseball academy isn't his employer.

No shit. The baseball academy entered into a contractual obligation with a minor based upon future performance of the minor.

 

[2323]

No shit. The baseball academy entered into a contractual obligation with a minor based upon future performance of the minor.

That doesn't really capture the breadth of it. You should really acquaint yourself with the role of a guardian.