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January 26, 2011

Gil Meche just doesn't get it

Gil Meche is quite the anomaly in 21st-century America. His contract said the Kansas City Royals had to pay him $12 million even if he was on the DL this year, which he might have been, or if he had done a lousy job. The contract said so! But Meche is basically giving back the $12 million because he didn't feel he would be earning it. What kind of example will this set for the rest of the country? A pretty good one.

“This isn’t about being a hero — that’s not even close to what it’s about,” Meche said this week. “It’s just me getting back to a point in my life where I’m comfortable. Making that amount of money from a team that’s already given me over $40 million for my life and for my kids, it just wasn’t the right thing to do.”
Posted by Jay Hancock at 9:36 PM | | Comments (4)
        

Comments

Honorable? Maybe. Charitable? No. Gil, who do you think could use the money. The Royals or "put a charity here?"

Dont you think you could have taken any part of your dole and donated it?

If he felt like he hadn't earned it, nycla3, why would he feel he could give other people's money away?

I think this was very honorable and in no way should he have continued to take the money from the Royals even if he donated it to charity. The Royals don't just print that money (they aren't the Fed, after all); it comes from their fans in the form of ticket, food, and merchandise sales and from the organizations that pay for broadcast rights. Why should they have to contribute to this salary so that some charity, which may or may not use the money wisely, can benefit?

I keep hearing about "The Royals" money. If I learned anything from Albert Bell, it's that MLB teams have insurance that pays these guys when they are hurt. So did he really save The Royals any money or did he save an insurance company money?

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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