Ken Griffey Jr. Case Term Paper

PAGES
4
WORDS
1124
Cite
Related Topics:

Ken Griffey Case Jr. The first mistake that should be mentioned was made by Gillick, who chose to talk to other teams than the initial four teams that Griffey had mentioned on his list (Braves, Reds, Astros and New York Mets). Of course, this tactic would expand the market, however, as the events showed, "the tactic blew up on Gillick" because precious time was spent with clubs that would not have been able to contract Griffey, who could use his veto against the deals.

A second mistake worth mentioning was made by Griffey himself. First of all, he mentioned that he wanted to play for one team, which meant that his salary negotiation could only take place between certain margins. Second of all, Goldberg, who would second him in the negotiation, had no real experience in representing ball players and was not thoroughly familiar with the rules in such negotiations.

The effect of the first mistake I have mentioned was that precious time was wasted in negotiations that couldn't end with a deal and this had two obvious effects. First of all, Griffey expressed his will not to return to Seattle. Second of all, Gillick began running a race against time, because he would be placed in a position where he would have less power in trading the desired players. Less time meant a greater advantage for Cincinnati, as Gillick would be placed with his back to a wall and forced to trade Griffey in lesser conditions.

The second mistake I have mentioned had reverberations for Griffey and his future financial situation. He was known not to be a tough player at the negotiation table and, as such, he could be convinced to sign a less advantageous...

...

No form of income escalation was mentioned in the contract and Griffey agreed to defer $57.5 million in payments over the 2010- 2025 period, at only 4% interest.
3. In my opinion, we should be considering three different parties: Cincinnati, Seattle and Griffey himself.

Cincinnati has a clear and obvious goal: signing Griffey. However, they are not actually conditioned by this. As it is clearly understood from the text, they have the simple alternative of not signing Griffey, because the team is quite strong and it is most probable that Griffey is a mere reinforcement than an essential piece of the puzzle for the next season. Another alternative, which may also be considered the best alternative to a negotiated deal, is to negotiate directly with Griffey his coming to the Reds in the future season.

Seattle, on the other hand, has the interest of selling Griffey. Indeed, he is already in his last year of contract and he may be lost for no money at the end of the next season. This means that the club will have no chance of recuperating its investment in the player and any money spent. Their secondary interest is getting the best player exchange in this case. Their alternatives are either to keep Griffey for the next season, which seems less and less likely, given the fact that Griffey has clearly expressed his intention of leaving the club, or to try trading him elsewhere. In my opinion, Seattle's best alternative to a negotiated agreement is to keep Griffey for the next season, because, as we have seen from the case study, it seems that the other clubs on Griffey's list have not expressed further interested…

Cite this Document:

"Ken Griffey Jr Case" (2004, June 20) Retrieved April 27, 2024, from
https://www.paperdue.com/essay/ken-griffey-jr-case-171701

"Ken Griffey Jr Case" 20 June 2004. Web.27 April. 2024. <
https://www.paperdue.com/essay/ken-griffey-jr-case-171701>

"Ken Griffey Jr Case", 20 June 2004, Accessed.27 April. 2024,
https://www.paperdue.com/essay/ken-griffey-jr-case-171701

Related Documents

Celebrity Endorsement Strategy: An Investigation Using Nike's relationship with Federer as an example, the paper analyzes the use of celebrity endorsement strategy of the brands beginning from choosing the right celebrity figures until the final results of the strategy. Many industries promote their products by hiring the services of influential celebrities who advertise the products in question. The celebrity has to have various characteristics in order to be seriously considered

"[footnoteRef:9] [9: (Hamby)] Again, however, Perry's mission in Florida was multi-pronged. Aside from the debate and a chance to discuss the issues, Florida presented Perry with an opportunity to impress potential campaign donors. It was predicted, around that time, that Perry would overtake Romney as the leading beneficiary of extra disposable income in Florida.[footnoteRef:10] the data collected suggests that Perry's Florida events were composed of a majority of fundraising events which

Nike's Strategic And Financial Position Analysis Nike is a globally recognized multinational corporation founded by the Stanford Graduate School of Business graduate, Phil Knight, and Bill Bowerman who was the track and field coach at the University of Oregon. The two appear to be a natural fit as each hailed from a background that would appreciate the underlying design that goes into creating a quality running shoe. Nike's global operations in aggregate