Cubs envoke $1 buyback for World Series Rings

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04-20-2017, 09:58 AM

Bestdj777

Member

Join Date: Aug 2012

Posts: 2,567

Quote:

Originally Posted by PM770

If you have this condition in place, you didn't give anyone anything. You are just letting them borrow it. Its not really theirs.

Questionable. There is a discussion about the Cubs paying the taxes on the rings for their lower level employees, implying the team thought they were actually conveying something of value (not just lending) to their employees. If it was a loan, I doubt there would be a discussion of taxes. It's probably a gift, just one with a built in option to purchase it back, which is weird but understandable.

Last edited by Bestdj777; 04-20-2017 at 09:59 AM.

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