In an effort to discourage those within the organization who want to sell their World Series rings, the Chicago Cubs are asking all of their non-player staff to sign an agreement that gives the team the right to buy the Ring back for $ 1.
“I signed that agreement voluntarily,” said Cubs manager Jed Hoyer. “Everybody except the players signed it. I took a look at it as the owners, the Ricketts family, were extremely generous in the cost of the ring and the number of rings they delivered, I think it’s totally appropriate when you’re paying for it Ring and helping with the taxes that come with it – seems appropriate to say, ‘I hope you do not take this gift that I am giving you and you go to profit from it to the market.’ ”
The Cubs handed out 1,908 rings and earrings to all their staff, from top executives to the slate operator after winning their first World Series in 108 years last season.
It’s not clear how much money the Ricketts paid for the rings – of which there are different levels – but according to sports ring dealer Tim Robins, “if a midlevel player was the first to sell his Cubs champion ring Of 2016, the sale price would be at least $ 80,000. “