MLB News

Cubs Want Right To By Back WE Rings For $1 – In an effort to discourage those within the organization from selling their World Series rings, the Chicago Cubs are asking non-players to sign an agreement giving the team the right to buy back the ring for $1. The Cubs gave out 1,908 rings and pins to everyone from high-level executives to the scoreboard operator after winning their first World Series in 108 years last season. It’s unclear how much the Ricketts family paid for the rings, of which there are different tiers, but according to sports ring dealer Tim Robins, “If a midlevel player were to be the first to sell his 2016 Cubs championship ring, I think it could go for at least $80,000.” Players will have to pay taxes on their rings based on their fair market value, but the team is taking on the taxes for many lower-level employees.

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