Population Statistic: Read. React. Repeat.
Thursday, January 20, 2021

pay through the heart
Perhaps it’s a perverse joke that a notably heartless organization like the Internal Revenue Service should pick this Valentine’s Day as the official date for accepting 2010 itemized income tax returns.

Late last year, the IRS said it would need extra time to reprogram its processing systems because Congress acted so late this year in cleaning up the tax code… As a result, the 50 million taxpayers who itemize their deductions will have to hold off until Feb. 14 to file.

Nothing stokes the romantic juices like filling out a 1040. By candlelight, of course.

by Costa Tsiokos, Thu 01/20/2011 10:26pm
Category: Business, Politics, Society
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doing the waive
St. Louis Blues president John Davidson sounds off on just why the NHL’s waiver process for in-season free-agent signings is ludicrous:

“It’s hard to understand how you can take a player who is finished somewhere else, becomes available, and you do all the work,” Davidson told NHL Home Ice. “You do a formula to finding a contract, you make late-night phone calls, you get lawyers involved. Then you try to get him here, when nobody else had thought of it and the other team says ‘Oh, I’m going to take that player.’”

That’s the heart of it: One team does all the legwork, then basically offers up a finished-up scouting/contract packaged player to the rest of the league for the taking. And the player ends up in a different city/team/situation than what he had agreed to. Incidentally, this is essentially the same dynamic behind the restricted free agent negotiating process, which explains why so few teams tender offers to those players in the offseason.

I don’t even know what purpose is served by exposing such a player to the other 29 teams. It’s not as though a team like the Blues, who have had two prospective signings claimed away from them in the past month, are stashing talent in Europe for future use. Why not just let teams sign whoever they want mid-season, with the existing salary cap restriction dictating what’s possible or not?

As it is, it seems the only way to sneak an emergency signing through is to overpay, or to agree to a multi-year contract — basically poison-pills to discourage other teams from making a waiver claim mostly as a strategic-defensive maneuver. Again, there doesn’t seem to be much sense to the rule.

by Costa Tsiokos, Thu 01/20/2011 09:09pm
Category: Hockey
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