The fact that MLSE lawyers got involved in this tells me that this was not the most kosher deal to begin with. From the sounds of it there was negotiating going on about what was considered fair interest. This matter was not just left alone.
Who gives these sorts of loans? I know a bank does not. I don't know any branch where you can tell them you are a collegiate athlete and your collateral is making it pro one day to pay it back.
8% interest is not crippling, not a great rate in these times, but its also not a knee cap rate. Only one side of the story has been heard so far, sometimes these athletes in their immaturity have no idea what deals they are signing. Maybe the terms were presented to Weems in a different light. Without the other side of the story I don't want to be too quick to pass judgment. Lots of gifts in this world come with strings attached... sometimes the gift bearers hide the string.
Last edited by MyMomLovesMe; Mon May 30th, 2011 at 06:56 PM.
I think that this type of story is all too common in the world of college / professional sports. Weems' behaviour here was foolish. However, he is not the first young person to default on a debt, and not the first to take no action to resolve the situation. A lot of these guys have leases on homes, cars, even stuff like jewelry. So much money coming in every month, and nearly as much being spent also. If Sonny had someone competent managing his finances this never would have gone so far.
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Considering it was a judgment of 30K, it may not have been worth Weem's time to fly down from where he was, pay a lawyer and contest a judgment that he knows he has little chance to contest. (It would add to the overall bill)
His no show, to me means he does not dispute the charges. I still don't understand why people are so worked up over this, so he needs financial advise, many players do.
Last edited by MyMomLovesMe; Tue May 31st, 2011 at 12:55 PM.
At the same time, this last bit is probably your best argument so far. It's not abnormal for someone to not contest a lawsuit and simply allow a default judgement to be rendered against him. This happens usually when the defendant doesn't see a point in contesting the suit; either the difference is not worth the time or he knows he has no defense. But if this is the case, then we go back to point #1: he reneged on his loan repayment, which doesn't reflect well on his credibility.
I'm not "worked up", as you say; my point was only that when you're already wondering if a player will "figure it out" and take full advantage of his talent/abilities, this kind of immaturity doesn't leave much confidence. Had this been an issue BEFORE he was drafted, you can be sure it would have come up in the discussion of his prospects (not that it would really matter since he was already a 2nd rounder).
I say we keep Weems but make him wear this exact jersey every game, even if we at home, or wearing red.
I think Weems was just depressed. Remember, he just wants to find true love.
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