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Subject: OT - What does this mean ?
Posted by: WiddleAvi
- Donor [2101079] Mon, Mar 10, 2003, 18:59
When you hear about a trade between 2 teams and one team is going to give the other "future considerations". Do they agree to something before ?? Who gets to decide what the future considerations are ?? |
| 1 | Perm Dude
Leader
ID: 27244818
Mon, Mar 10, 2003, 19:23
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I believe it depends upon how well the players play. I always thought it was a bit risky, but I guess it's just one teams way of saying "This deal isn't entirely fair, so you agree to give me someone else down the line."
pd
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| 2 | deepsnapper
Sustainer
ID: 17103420
Mon, Mar 10, 2003, 19:42
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It's usually a player(s) to be named later, draft picks, cash, or any combination of. There is usually a peformance clause tied to the player traded that improves the deal based upon how well he does.
Ricky Williams trade to the Dolphins is a good example to me. The Dolphins sent their 1st (25th overall) and 4th (125th overall) round picks in 2002 and a conditional 3rd round pick in 2003 to New Orleans for RB Ricky Williams and their 4th (114th overall) round pick in 2002.
The conditional 3rd round pick in 2003 was the "future consideration" part of the trade and the pick increased to a 2nd round and ultimately the Dolphins 1st round pick because of Ricky outstanding rushing performance in 2002.
Baseball teams sometimes do a future considerations trade when they're about to lose a player to free agency because they've run out of "options" to send the player down to the minors or it is near the MLB trade deadline and there is concern they will lose the player to free agency and get nothing for him. They will "trade" the player for "future considerations" (players, cash, picks).
Baseball is trying to eliminate this type of transaction, but hasn't had a lot of success doing so.
Hope this helps rather than muddies the waters.
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| 3 | Tosh
Donor
ID: 23650284
Mon, Mar 10, 2003, 21:24
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And then there was Harry Chiti.
"The New York Mets traded for Harry Chiti in exchange for a player to be named later. That player ended up being Harry Chiti. Thus, Chiti was traded for himself."
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| 4 | deepsnapper
Sustainer
ID: 17103420
Mon, Mar 10, 2003, 22:54
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Thanks Tosh, I'd put an example in the 4th paragraph trying to explain that and then took it out as it was confusing even to me. Your's is a much better explanation.
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