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	<title>Comments on: What Does A Contract Mean, Anyway?</title>
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		<title>By: Raj</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4907</link>
		<dc:creator><![CDATA[Raj]]></dc:creator>
		<pubDate>Sat, 14 Aug 2010 21:39:27 +0000</pubDate>
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		<description><![CDATA[The NFLPA had contract negotiation put into their bargaining agreement a few years back, I don&#039;t think the IRL has the same deal.]]></description>
		<content:encoded><![CDATA[<p>The NFLPA had contract negotiation put into their bargaining agreement a few years back, I don&#8217;t think the IRL has the same deal.</p>
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		<title>By: Mike R.</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4904</link>
		<dc:creator><![CDATA[Mike R.]]></dc:creator>
		<pubDate>Sat, 14 Aug 2010 06:07:37 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4904</guid>
		<description><![CDATA[&quot;But since we’re dealing in hypotheticals here – what if there was an abundance of good quality rides and very few drivers? Would we see drivers threaten to sit out a season if their contracts were not re-worked?&quot;

Perhaps.

But in the very real world of aspiring drivers there is an abundance of talent out here competing for jobs, and the results often don&#039;t account for the talent of the drivers involved.  So many never really get a shot at the bigger series&#039; and there&#039;s simply no wiggle room for those who ARE there.  They simply can&#039;t pull the nonsense r/t contracts that the stars in other sports do.  You can run down a very extensive list of drivers who certainly are/were talented enough, not only to drive Indy cars but to compete for wins against the leading shoes of today&#039;s championship, that were either forced to move on to another series or are unemployed today.  Oriol Servia, unemployed.  Jon Fogarty, forced to another series, as was Buddy Rice, Memo Gidley, Alex Gurney, Jonathan Bomarito...so Kanaan, Dixon, HCN, et al, know, this deal is a gift, so-to-speak.  Ya, they worked hard to get &#039;here&#039;, as did the stick and ball guys to get &#039;there&#039;.  But there are fewer deals over here...how many guys on an NFL roster x how many teams in the league?  Now, how many full time Indy Car drivers in the series?

Then there&#039;s the fact that no NFL/NBA team is going to look twice at someone with no actual ability who shows up with a dumptruck full of money and says &quot;I want to be on your team&quot;.  When a driver without talent can purchase their way into a major-league series (not just a recent phenomena), unlike the NFL or NBA - other drivers know that they&#039;d best keep their wits about them when it comes to bitchin&#039; about the salary...in order to keep their job.]]></description>
		<content:encoded><![CDATA[<p>&#8220;But since we’re dealing in hypotheticals here – what if there was an abundance of good quality rides and very few drivers? Would we see drivers threaten to sit out a season if their contracts were not re-worked?&#8221;</p>
<p>Perhaps.</p>
<p>But in the very real world of aspiring drivers there is an abundance of talent out here competing for jobs, and the results often don&#8217;t account for the talent of the drivers involved.  So many never really get a shot at the bigger series&#8217; and there&#8217;s simply no wiggle room for those who ARE there.  They simply can&#8217;t pull the nonsense r/t contracts that the stars in other sports do.  You can run down a very extensive list of drivers who certainly are/were talented enough, not only to drive Indy cars but to compete for wins against the leading shoes of today&#8217;s championship, that were either forced to move on to another series or are unemployed today.  Oriol Servia, unemployed.  Jon Fogarty, forced to another series, as was Buddy Rice, Memo Gidley, Alex Gurney, Jonathan Bomarito&#8230;so Kanaan, Dixon, HCN, et al, know, this deal is a gift, so-to-speak.  Ya, they worked hard to get &#8216;here&#8217;, as did the stick and ball guys to get &#8216;there&#8217;.  But there are fewer deals over here&#8230;how many guys on an NFL roster x how many teams in the league?  Now, how many full time Indy Car drivers in the series?</p>
<p>Then there&#8217;s the fact that no NFL/NBA team is going to look twice at someone with no actual ability who shows up with a dumptruck full of money and says &#8220;I want to be on your team&#8221;.  When a driver without talent can purchase their way into a major-league series (not just a recent phenomena), unlike the NFL or NBA &#8211; other drivers know that they&#8217;d best keep their wits about them when it comes to bitchin&#8217; about the salary&#8230;in order to keep their job.</p>
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		<title>By: Martin</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4903</link>
		<dc:creator><![CDATA[Martin]]></dc:creator>
		<pubDate>Sat, 14 Aug 2010 01:47:54 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4903</guid>
		<description><![CDATA[It seems to me the notion that a contract is an intractably binding document is only true as a sort of Norman Rockwellish social ideal. Businesses breach contractual obligations on a regular basis. Virtually every time two companies find themselves in court it is because one or the other is claiming a breached contract, and the other has most likely determined that the worst legal outcome is better for their company than abiding by the contract. 

Players not respecting contracts just happen to get more popular press, and are more easily characterized as greedy and selfish.]]></description>
		<content:encoded><![CDATA[<p>It seems to me the notion that a contract is an intractably binding document is only true as a sort of Norman Rockwellish social ideal. Businesses breach contractual obligations on a regular basis. Virtually every time two companies find themselves in court it is because one or the other is claiming a breached contract, and the other has most likely determined that the worst legal outcome is better for their company than abiding by the contract. </p>
<p>Players not respecting contracts just happen to get more popular press, and are more easily characterized as greedy and selfish.</p>
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		<title>By: dylanpt24</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4902</link>
		<dc:creator><![CDATA[dylanpt24]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 16:27:12 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4902</guid>
		<description><![CDATA[There are those types of things going on in F1 and MotoGP a lot, look at the Valentino Rossi move to Ducati.  However, especially for Indycar, with only 2 and a half teams capable of title contending, it&#039;s less likely to get out of control.  And, you&#039;re right, in all forms of racing there are less seats than racers, so most racers are aware and careful about not alienating themselves from the teams.]]></description>
		<content:encoded><![CDATA[<p>There are those types of things going on in F1 and MotoGP a lot, look at the Valentino Rossi move to Ducati.  However, especially for Indycar, with only 2 and a half teams capable of title contending, it&#8217;s less likely to get out of control.  And, you&#8217;re right, in all forms of racing there are less seats than racers, so most racers are aware and careful about not alienating themselves from the teams.</p>
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		<title>By: Fred Hurley</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4901</link>
		<dc:creator><![CDATA[Fred Hurley]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 16:06:02 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4901</guid>
		<description><![CDATA[Two words: collective bargaining.  In the major stick &amp; ball sports, those players have certain rights/abilities to walk away or renegotiate deals.  In racing, despite the occasional drivers association, there&#039;s never been a successful labor organization on the same scale as in, say, baseball.]]></description>
		<content:encoded><![CDATA[<p>Two words: collective bargaining.  In the major stick &amp; ball sports, those players have certain rights/abilities to walk away or renegotiate deals.  In racing, despite the occasional drivers association, there&#8217;s never been a successful labor organization on the same scale as in, say, baseball.</p>
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		<title>By: walt</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4900</link>
		<dc:creator><![CDATA[walt]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 15:23:30 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4900</guid>
		<description><![CDATA[Dad always said &quot;Racer is just a another five letter word for whore&quot;.(read into it whatever you can) First heard it in the sixties, and with each passing decade, it has more meaning.]]></description>
		<content:encoded><![CDATA[<p>Dad always said &#8220;Racer is just a another five letter word for whore&#8221;.(read into it whatever you can) First heard it in the sixties, and with each passing decade, it has more meaning.</p>
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		<title>By: billytheskink</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4899</link>
		<dc:creator><![CDATA[billytheskink]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 14:40:08 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4899</guid>
		<description><![CDATA[Aside from what is said above, I think the traditional way that most drivers have made most of their money, sponsorship and winnings, is a big reason why drivers don&#039;t generally engage in public contract disputes.

For most drivers at any level of racing, and especially in Indy Cars, sponsors can be fickle, it takes a lot of hard work to obtain them, and even when the driver is a big part of landing a sponsor, they are often wedded to the team.  Most drivers know not to rock the boat where sponsors are concerned, and sponsors probably take a pretty dim view of public contract disputes.

This may be more true in NASCAR or in the Indy Cars of the past than today&#039;s Indy Car, but the driver&#039;s share of race prize money is often a bigger part of their compensation than their salary.  Drivers will move from team to team when they believe it will give them a better chance of winning not just because they like winning, but also because they like the money that is paid out to drivers who win.  A winning driver with a $1 salary CAN make a lot more than a backmarker being paid six figures.

And aside from this, there really isn&#039;t much precedent for such public contract disputes in racing.  Someone has to get the ball rolling, even team owners can set an example (which they don&#039;t because sponsors and manufacturers almost always hold more cards then they do).  
While Chris Johnson, has dozens of cases as player precedent to justify his demands, he&#039;s really not acting all that different from his team&#039;s owner.  Bud Adams played the same games with the cities of Houston and Nashville.]]></description>
		<content:encoded><![CDATA[<p>Aside from what is said above, I think the traditional way that most drivers have made most of their money, sponsorship and winnings, is a big reason why drivers don&#8217;t generally engage in public contract disputes.</p>
<p>For most drivers at any level of racing, and especially in Indy Cars, sponsors can be fickle, it takes a lot of hard work to obtain them, and even when the driver is a big part of landing a sponsor, they are often wedded to the team.  Most drivers know not to rock the boat where sponsors are concerned, and sponsors probably take a pretty dim view of public contract disputes.</p>
<p>This may be more true in NASCAR or in the Indy Cars of the past than today&#8217;s Indy Car, but the driver&#8217;s share of race prize money is often a bigger part of their compensation than their salary.  Drivers will move from team to team when they believe it will give them a better chance of winning not just because they like winning, but also because they like the money that is paid out to drivers who win.  A winning driver with a $1 salary CAN make a lot more than a backmarker being paid six figures.</p>
<p>And aside from this, there really isn&#8217;t much precedent for such public contract disputes in racing.  Someone has to get the ball rolling, even team owners can set an example (which they don&#8217;t because sponsors and manufacturers almost always hold more cards then they do).<br />
While Chris Johnson, has dozens of cases as player precedent to justify his demands, he&#8217;s really not acting all that different from his team&#8217;s owner.  Bud Adams played the same games with the cities of Houston and Nashville.</p>
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		<title>By: Bent Wickerbill</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4898</link>
		<dc:creator><![CDATA[Bent Wickerbill]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 14:10:16 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4898</guid>
		<description><![CDATA[Speaking of Helio.... Even the Miami Homestead Speedway website, has a 
thumbnail of Helio grabbing Charles in charge by the lapels…. 
http://www.homesteadmiamispeedway.com/ 
Truth of the matter regarding auto racing contracts, particularly the IRL, there just are not that many places to jump to. The limiting factors are driving talent and the number of teams capable of putting you in a winning car. Generally any move, other than to Penske of Ganassi are going to be of the lateral type or worse.]]></description>
		<content:encoded><![CDATA[<p>Speaking of Helio&#8230;. Even the Miami Homestead Speedway website, has a<br />
thumbnail of Helio grabbing Charles in charge by the lapels….<br />
<a href="http://www.homesteadmiamispeedway.com/" rel="nofollow">http://www.homesteadmiamispeedway.com/</a><br />
Truth of the matter regarding auto racing contracts, particularly the IRL, there just are not that many places to jump to. The limiting factors are driving talent and the number of teams capable of putting you in a winning car. Generally any move, other than to Penske of Ganassi are going to be of the lateral type or worse.</p>
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		<title>By: Steve K</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4897</link>
		<dc:creator><![CDATA[Steve K]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 14:02:48 +0000</pubDate>
		<guid isPermaLink="false">https://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4897</guid>
		<description><![CDATA[Football is a money maker. It is also a very debilitating on the human body. Until the NFL garuntees contracts, Chris Johnson and Derelle Revis should be paid what there worth on a year by year basis.  They could get injured and cut next week and get zero. Chris Johnson would have been better off not playing at all for 550K and risking his body for that one year. He is worth 15-20 times that.  He should play for someone who will give it to him.  To top it all off, there is no salary cap this year so you are as an owner not even robbing Peter to pay Paul. You can pay them both. As for Albert, just a dirtbag.]]></description>
		<content:encoded><![CDATA[<p>Football is a money maker. It is also a very debilitating on the human body. Until the NFL garuntees contracts, Chris Johnson and Derelle Revis should be paid what there worth on a year by year basis.  They could get injured and cut next week and get zero. Chris Johnson would have been better off not playing at all for 550K and risking his body for that one year. He is worth 15-20 times that.  He should play for someone who will give it to him.  To top it all off, there is no salary cap this year so you are as an owner not even robbing Peter to pay Paul. You can pay them both. As for Albert, just a dirtbag.</p>
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		<title>By: Savage Henry</title>
		<link>http://oilpressure.wordpress.com/2010/08/13/what-does-a-contract-mean-anyway/#comment-4896</link>
		<dc:creator><![CDATA[Savage Henry]]></dc:creator>
		<pubDate>Fri, 13 Aug 2010 14:01:58 +0000</pubDate>
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		<description><![CDATA[Racing is one of few (the only?) sport where the athlete has to pay the team to be able to play (er, drive).  Remember CART teams telling Jeff Gordon &quot;show me the money and I&#039;ll show you the seat&quot;?  If you have a solid, paying job in racing you keep it.  There are a million other drivers waiting in the wings.

Regarding the danger argument, until thinking about it at a race a couple months ago, I always considered racing to be a terribly dangerous sport.  However, which sport produces more serious injuries every year - racing or football?  Football for sure.  Mike Conway had an awful wreck at Indy and had a badly broken leg and a broken back.  Severe leg, neck, back, and head injuries are so commonplace in football that they hardly get mentioned.  That&#039;s why someone like Chris Johnson is holding out for huge money now - by the time he&#039;s 30 his body (and career) is going to be destroyed.

Surely, in the past racing was more than dangerous, it was deadly.  However, with the safety improvements that have been made, fatalities are very rare and you also don&#039;t typically see a lot of career-ending injuries.  Of course, this drives up the supply of drivers which exacerbates the supply/demand balance.  

I think I went on a tangent here at some point.  Sorry.]]></description>
		<content:encoded><![CDATA[<p>Racing is one of few (the only?) sport where the athlete has to pay the team to be able to play (er, drive).  Remember CART teams telling Jeff Gordon &#8220;show me the money and I&#8217;ll show you the seat&#8221;?  If you have a solid, paying job in racing you keep it.  There are a million other drivers waiting in the wings.</p>
<p>Regarding the danger argument, until thinking about it at a race a couple months ago, I always considered racing to be a terribly dangerous sport.  However, which sport produces more serious injuries every year &#8211; racing or football?  Football for sure.  Mike Conway had an awful wreck at Indy and had a badly broken leg and a broken back.  Severe leg, neck, back, and head injuries are so commonplace in football that they hardly get mentioned.  That&#8217;s why someone like Chris Johnson is holding out for huge money now &#8211; by the time he&#8217;s 30 his body (and career) is going to be destroyed.</p>
<p>Surely, in the past racing was more than dangerous, it was deadly.  However, with the safety improvements that have been made, fatalities are very rare and you also don&#8217;t typically see a lot of career-ending injuries.  Of course, this drives up the supply of drivers which exacerbates the supply/demand balance.  </p>
<p>I think I went on a tangent here at some point.  Sorry.</p>
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