Business Contract Dispute Paper
Contract disputes can be complicated, just plain ugly, or simple. A researcher would not have to look far to find some of the worst of the worst in contract disputes of the modern era. Currently a bitter strike is in progress in Hollywood over royalties paid to writers of hit television shows; the complicated. February 8th of this year AK Steel of Middletown, Ohio and the International Association of Machinists reached an agreement settling a year long strike by workers; the plain ugly. (MarketWatch.com, 2007) Now for the simple, those are the rarity in today's world of big business, but they happen, and this guy really needed the good press.
Alex Rodriguez plays third base for the New York Yankees. He is a three time Most Valuable Player Award winner (Baseball-Almanac.com, 2007). He's also the most popular player in Major League Baseball and seems destined to break the all time home run record recently broken by Barry Bonds of the San Francisco Giants. Did I say break? I meant obliterate, the most hallowed of all professional sports records, which took 30 years to be broken and will be broken again in a mere 7 years.
On October 28th, 2007 during game four of the World Series, Alex Rodriguez enacted a clause in his contract. This was the most lucrative contract in the history of Major League Baseball and it allowed him to opt to seek even larger paydays. Rodriguez had just finished the 6th year of a record $252 million dollar 10 year contract and on the advice of his agent, Scott Boras of the Scott Boras Corporation, he sought a new 10 year contract worth approximately $350 million dollars a year. Many experts felt that no team could but the New York Yankees could afford this contract.
In February 2004, Alex Rodrig ...