Quote:
Originally Posted by Puck
I agree. Some of these signing bonuses and contract stuff require liquid cash on reserve IIRC.
ONe of the cap gurus on here can correct me if I am wrong
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I'd say the bigger reason to maximize cash on hand is to prepare for paying the estate taxes from inheriting the team.
And this collection was Jim's hobby / passion project - not his daughters...and there are 3 of them. So it is a lot easier to sell most of the collection for cash and split the cash three ways instead of trying to divide up the collection equally into thirds.