Boras: Loan to Player Complied With Rules

Filed under: International Baseball

NEW YORK (AP) -- Baseball agent Scott Boras says loans by his company totaling about $70,000 to a Dominican prospect complied with players' association rules.

Boras' company made the loans to shortstop Edward Salcedo in stages from late 2007 through 2009. The player was initially represented by Boras, left for another agent, and then returned to Boras. Union regulations in effect at the time prohibited loans if they were made to induce a player to be represented by that agent.

Boras negotiated a minor league contract for Salcedo with Cleveland in February 2008 that included a $2.9 million signing bonus. That deal fell through when Salcedo couldn't obtain a visa because of a lack of documents confirming his identity.

 

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Source: http://mlb.fanhouse.com/2010/11/23/report-scott-boras-company-loaned-money-to-dominican-prospects/

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