Showing posts with label jerry reinsdorf. Show all posts
Showing posts with label jerry reinsdorf. Show all posts

Tuesday, March 12, 2024

White Sox Chairman Jerry Reinsdorf wants a $1.2 Billion dollar handout from Illinois (Don't forget about Da Bears!)

"Socialism, communism, whatever you want to call it, is never the answer." Hank Steinbrenner in 2011, just 2 years after Steinbrenner and the New York Yankees received $2 Billion in public funds subsidized by the New York City and State taxpayers to build Yankee Stadium III.

One of the biggest and most successful scams the Ultra-Rich 1% pulled on America was the Trickle-Down Economics scheme.  Give Us large amount of public money for free and the economic benefit of us using it for ourselves will flow downward onto everyone else.  There is stuff flowing down from the 1% onto us but, it sure ain't economic benefits...  And while they were aided and abetted by Republicans and other conservative politicians the goal has always been the same to gain access to public monies in order to Privatize the Profits, and Socialize the Losses.

The White Sox are looking to move from the old 35th and Shields in the Bridgeport neighborhood to the 78, but in order to accomplish this move, poor, poor Jerry Reinsdorf needs to bum a couple o' bucks from the people of Illinois.

Jerry Reinsdorf has engaged in several tactics reserved for rich plutocratic assholes.  First, Reinsdorf dusted of his 1990s playbook and threatened to move the Chicago White Sox, this time to Nashville, Tennessee.  In the 1990s, Reinsdorf successfully bilked Illinois Governor Big Jim Thompson and the people of Illinois out of hundreds of millions of dollars to repair Comiskey Park by threatening to move the club to St. Petersburg, Florida.

So, last month just before Governor J.B. Pritzker's budget address, Reinsdorf went to Springfield to press the Governor and Legislature for $1,200,000,000 in public assistance in the building of the new White Sox stadium.  Reinsdorf and his investors would come up with the additional funding for the extended stadium grounds.

Rich people stay Rich because they don't pay for things with their money.  Governor J.B. Pritzker is rich he's a real Billionaire unlike the Orange Hitler so he knows this.  Pritzker has been adamant that no public money is going to build sports stadiums,
“I think I’ve been fairly clear about the fact that the taxpayers’ dollars are precious,” Pritzker said in response to a reporter’s question at an unrelated event. “And the idea of taking taxpayer dollars and subsidizing the building of a stadium as opposed to, for example, subsidizing the building of a birthing center, just to give the example, does not seem like the stadium ought to have higher priority.”
Unfortunately, there is a quirk which might allow not only the White Sox but Chicago Bears access to a government handout;  Mayor Brandon Johnson has been stepping all over his own dick and needs win, or to be clearer he needs not to be the Mayor who 'lost" the Chicago Bears to Arlington Heights.
“As far as public dollars, we haven’t gotten into any of those specifics just yet,” the mayor said of discussions with Sox officials.  "But I will say that we’re gonna explore all options. But we have to make sure that we’re doing right by the people of Chicago. … Everything is on the table here."

Why is everything on the table?  Jerry Reinsdorf is so rich he has quietly for the past 2 years been buying up the vacant parking lots in and around the United Center, Home of YOUR HIS Chicago BULLS!

Meanwhile, the Chicago Bears are floating the idea of tearing down Solider's Field and putting up a state-of-the-art doomed Stadium on the Lakefront.  They've even proposed using $2,000,000,000 of their own money.  As a comparison, Stan Kroenke of the LA (not St. Louis) Rams spent $5,000,000,000 on the SoFi Stadium, without public assistance, although the NFL did some money as well.

But, this is all posturing as the Chicago Lake front is protected by statute from building on it, as George Lucas learned when he proposed his gaudy Star Wars museum.  The Bears have already knocked down the old Arlington Racetrack, accompanying side buildings and that vast open area is going to house their Stadium, a Bears Museum, hotels, restaurants, probably apartments for players and coaches to live in, and all that revenue will go right into the extended Halas Family pockets.  It's a no-brainer.  But, at this point the Bears seem to be trying to reduce their financial commitment to the Arlington Heights community and surrounding school districts because they can rely on the non-stop messaging of "Trickle-Down" effect being good enough for the peoples who should feel privileged we wish to build a stadium in their community and probably should provide us incentives to do so!

Hand-outs to the MegaRich are called stimulus and the Rich love getting other peoples' money.

Wednesday, May 22, 2013

Are you gonna pay Derrick Rose's Rent?

Everyone's your brother until the rent comes due. - Ronin 1998
The Chicago Bulls season ended last week with a trouncing by the LeFlop James led Miami Heat. Derrick Rose the erstwhile Bulls Superstar did not play a single minute during the Regular Season or Playoffs while rehabbing his knee. Rose suffered a torn ACL during the 2012 playoffs .

Now, the injury rehabilation became a sticking point for Rose, his family, the Bulls Organization and Fans. According to the post-operation schedule, the Doctor who performed the ACL reconstruction suggested Rose would be ready to play by early April and that a month of games in the regular season would be the final step in the healing process.

Starting in late March, Derrick Rose through his brother Reggie and his own Twitter account let it be known that he was listening to his family and while he might come back it was only when he could "dunk of his left foot" and his knee 'felt comfortable'.

This caused much confusion and consternation in Chicago Sports scene. As the regular season dragged on and various other players gutted through injuries or missed games themselves. Luol Deng missed the entire playoff series with the Heat because of a vicious flu strain which Doctors were worried was Viral Meningitis.

As the Bulls struggled the confusion morphed into mild displeasure and then grumbling anger towards Rose. Chicago "Fans" questioned his toughness, mental and physical. They accused him of malingering.

I don't know what the collective bargaining agreement betweeen Players and Owners in the NBA stipulates. I do know that the Bulls through insurance recovered 40% of Rose's salary for the Season, roughly $6.5 million of $16.4 million, with whomever, his contract is indemnified.
The story of Hunter Hillenmeyer of the Chicago Bears is illustrative:
On August 28 2010, Hillenmeyer suffered a concussion during a pre-season game. He was placed on injured reserve before the season and has never played again. The Bears terminated his contract Feb. 28, 2011, one month after the team's concussion consultant, Dr. Elizabeth Pieroth, a board certified clinical neuropsychologist, examined him and recommended he no longer play. The Bears cut him with one year and $1.8 million remaining on his contract. According to the union, Article 45 of the collective bargaining agreement stipulates Hillenmeyer is eligible for an injury protection benefit of 50 percent of his base salary up to $1 million.
The Chicago Bears have not paid the 50% of Hillenmeyer's final contract. In the modern world of Sports you're earning a million dollars one day and out of work the next. Careers, most often, end in men's early 30's. Derrick Rose doesn't owe Bulls Fans anything. When his career is over no one in Chicago is going to help him out.

But, this is where the narrative gets most muddled. Through his actions it appears Bulls owner Jerry Reinsdorf is one of the few sports franchise owners who goes out of his way to help up and look out for his former employees.

Several Bulls players hit upon hard times after their playing careers have ended.
Randy Brown, a fringe player, who averaged 5ppg over his career of 655 games was part of the Bulls Second 3-Peat. Brown had to file for Bankruptcy and auction off his 3 rings. Reinsdorf simply created a "special assistant" job for Brown and hired him in 2009.

Scottie Pippen who made several bad contracts and was outspokenly truculent with the Bulls about his perceived contractual slights also reportedly fell into bankruptcy after his career ended. In 2010, Pippen rejoined the Bulls as an "ambassador".  
“Jerry has been very warm towards me over the years and has never turned me down for anything,” said Pippen.
In 2003, another Bulls Point Guard, Jay Williams injured himself. This time it wasn't on the court but a motorcycle accident during the off-season, which almost resulted in Williams losing his leg and requiring Williams to undoe multiple surgeries, extended hospital time and an arduous long recovery. 

Even though the accident could have been prima facie evidence of a contract violation because the Bulls had written into Williams contract that he was not to ride motorcycles, the Bulls organization helped pay his medical bills and a portion of the second season salary. Williams never played an NBA game again.

Jerry Reinsdorf has a clear track record of being loyal and compassionate towards his former athlete  employees which goes beyond what is normally seen in the cut-throat world of Sports Capitalism.

So, I think Rose has reached an incorrect conclusion about his post playing career but I don't fault him for reaching it.