Saturday, April 17, 2010

NY Times: Upper Deck Not Paying Athletes

Wonder why you haven't received your redemption card from Upper Deck?  According to a New York Times article, the MLBPA has asked it's players to not return cards autographed to Upper Deck because UD is currently behind on it's payments.

The players union director for trading cards and collectibles Evan Kaplan sent an email out to player agents advising them to tell their clients: Not return to Upper Deck any autographs they had signed for the company or to enter into any new agreements with the company until the payments were made.

Yesterday, we learned that the company will continue it's layoffs that began in January. 119 people have been given a layoff notice in California alone. The company has also had to recently dole out multi-million dollar payouts to Konami (for counterfeiting Yu-Gi-Oh cards) and the MLB (for producing MLB cards without a license AND pay $2.4 Million it already owed). In addition, the NFL recently decided not to renew it's trading card license with Upper Deck.  It's widely rumored (and just plain common sense) that the reason why the NFL made it's decision is because of Upper Deck's current financial troubles.

Buy Upper Deck products -that contain redemption cards - at your own risk.

1 comment:

  1. Bankruptcy is right around the corner and only the collectors will get screwed.