Wednesday, November 24, 2010

Boras Lend Money to dominican players

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Scott Boras' players company's paid thousands of dollars to families of prospects in the Dominican Republic reported yesterday the New York Times.

The report quoted people connected with Boras. The Times said that loans and payments raise questions about the possibility that the company has violated the rules of the association of major leaguers on the behavior of agents.

Boras is possibly the most powerful agent in baseball. The Times said in a statement that Boras declined to say if loans were made, but acknowledged that his company had helped to players and their families in the past.

Boras said that such aid always met with the regulations of the players' union, which seeks to prevent the leaflets have a financial obligation to the agents, the Times said.

Under union rules, agents are prohibited from loans made more than $ 500 a year to players and their families, unless the union to explain the reason for the loan, the Times said.

A spokesman for the players' association declined to comment whether the company Boras informed the players union loan.

Domingo Ramos, a former major leaguer who works for Boras, told the company each year usually represents a few of the top Dominican prospects and gave loans to the majority.

The money was usually used for food, shelter and other necessities, he said.

" Sometimes we recover (money), sometimes not,''Ramos said the Times. "Sometimes it is difficult to recover. It's that simple.''

The Times said the company Boras lent his client Edward Salcedo and his family $ 70,000 from 2007 to 2009, according to the brother of shortstop, Thommy, and Martiris Hanley, a former employee of Boras.

They said the loan would be repaid with future earnings Salcedo. Salcedo, however, hired a new coach Dominican in 2009 and in February won a contract for $ 1.6 million with the Atlanta Braves, the Times reported.

One of the employees of Boras called days later to the player's family and demanded immediate payment of the loan, Thommy said Salcedo.

"We thought if we went with another agent, Boras was going to push harder for the money, and my mother had many debts and could not afford it,''said Thommy Salcedo. He said his brother returned to Boras.

Edward Salcedo, 19, batted .197 with two homers and 16 RBIs in 54 games this year at Class-A. He said it is still represented by Boras and has not paid the money, the Times reported.


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