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Sealed Bids?

Discussion in the Nichi-Bei forum
Sealed Bids?
Why does there have to be a sealed bid for ball players?

According to USA Sports Talk, MLB has no say in the matter. If this is true, why doesn't Scott Boras not worry about the Red Sox signing and offer him and his services to the Yankees? They would have offered pay a lot more than $51 million.
Comments
Re: Sealed Bids?
[ Author: Jbroks86 | Posted: Nov 30, 2006 9:44 AM | SFT Fan ]

- ... why doesn't Scott Boras not worry about the Red Sox signing and offer him and his services to the Yankees? They would have offered pay a lot more than $51 million.

Because under the terms of the NPB-MLB agreement he can't do that. Boston paid for the services of Matsuzaka, and have 30 days to work out an agreement. If not, he returns to Seibu. Matsuzaka isn't a free agent and Boras isn't free to choose who he wants to discuss with.
Re: Sealed Bids?
[ Author: Guest | Posted: Nov 30, 2006 11:42 AM ]

- Why does there have to be a sealed bid for ball players?

The bottom line is, the majors have an agreement with Japanese baseball which requires them to do certain things, including allow the sealed bids. For more details on that agreement, it's actual text is in English here [Japan Professional Baseball Players Association - PDF file], and a law school journal discussion of it is here [Illinois Business Law School Journal].

Jim Albright
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