Would the brojos actually pay out to Rossi?

mikerossi22 wrote:

Why do you thing I'm a wierdo?

I'm still weighting to here about my money after I have ran 3:23 this sunday. So their is that.

Well plaid. But u mispelld "wierdo."

No. They didn't sponsor that one runner they said they would when he hit some arbitrary standard. Who was that again? Something along the lines of "If runner X runs time Y we'll sponsor him"

Spellczech wrote:

mikerossi22 wrote:

Why do you thing I'm a wierdo?

I'm still weighting to here about my money after I have ran 3:23 this sunday. So their is that.

'weighting'

'have ran'

'their'

Your talent for communication is almost equal to your talent for running.

Your [sic] welcome

Your [LRC sic] welcome!

Get it, right.

dsfasfasdf wrote:

No. They didn't sponsor that one runner they said they would when he hit some arbitrary standard. Who was that again? Something along the lines of "If runner X runs time Y we'll sponsor him"

Not true. Bobby Mack is the guy. We put up if he broke 27:06, we'd sponsor him as shown here:

That was a very non-specific promise. What does 'sponsor him' mean? It could mean sponsor him for a single race - fly him to Stanford, let him wear the LRC singlet, pay him $500 so like $1k total. We talked to him and he said he was happy running for the local running store. We never said we'd sponsor him at $100,000 per year or anything like that.

So we didn't sponsor him as he wasn't interested in whatever Weldon offered him (I have no idea if Weldon even made an offer but know they talked).

This is very different. We've put out a specific dollar amount out there.

If Mike runs 3:11:45 on a legitimate, non-aided course without doping before the end 365 days pass, of course we'll pay him $100,000.

There really isn't much to debate on this except whether or not he actually does it on a legitimate course and proves he ran it. I'm not paying him if it's another Lehigh Valley situation. There obviously needs to be proof he ran it. If he roller skates a 3:11:45, then know we won't pay him.

rojo wrote:

If Mike runs 3:11:45 on a legitimate, non-aided course without doping before the end 365 days pass, of course we'll pay him $100,000.

I stopped paying attention to the Rossi thing a long time ago, but I thought the payout was also eligible for a sub 20 minute 5k or some equivalent 5k time. Am I remembering that correctly?

The reason why I ask is the 5k would be a much more attainable goal for him and you might be out some cash if he did it.

I'm sure there was fine print, like they would pay $1000/yr for the next 100 years or something like that.

shovelingman wrote:

I'm sure there was fine print, like they would pay $1000/yr for the next 100 years or something like that.

I figure they have some a friend, a conservative Ivy frat brother actuarial type of course, that runs a risk analysis scenario to calculate the probability that he'd actually do run a 3:11:45. Say 0.001% chance, and they pay a fee, like an insurance policy.

But who knows, those brojos work in dark and mysterious ways.

I was wondering about insurance too. My guess is that the Brojos use insurance for the prediction contests (maybe just the grand prizes), but not for Mike Rossi. Brojos, could you confirm or deny?

My reasoning is that I just can't see an insurance company putting a probability of less than about 1% on Rossi winning the bet, and I can't see the Brojos wanting to pay $1000 or more for this insurance. Or stated more generally, I don't think an insurance company would be willing to invest the time necessary to match the Brojos' level of certainty about Rossi, especially for a relatively small fee of, say, several hundred dollars.

As someone who just passed the bar exam, I would argue it is likely an enforceable contract. This would fall under the classic unilateral contract definition, most typically exemplified by the lost puppy offer(missing dog, $100 reward for its return). A unilateral contract is one in which the offeror is bargaining for a completed performance. So, the offeror(LRC) is bargaining for the completed performance(sub 3:11) by Mr. Rossi. If Mr. Rossi performs his end of the contract, he is very likely entitled to the benefit of the contract.

Again, JUST passed the bar. I hope this scenario finds its way onto a subsequent bar exam.

mileage_man wrote:

I was wondering about insurance too. My guess is that the Brojos use insurance for the prediction contests (maybe just the grand prizes), but not for Mike Rossi. Brojos, could you confirm or deny?

My reasoning is that I just can't see an insurance company putting a probability of less than about 1% on Rossi winning the bet, and I can't see the Brojos wanting to pay $1000 or more for this insurance. Or stated more generally, I don't think an insurance company would be willing to invest the time necessary to match the Brojos' level of certainty about Rossi, especially for a relatively small fee of, say, several hundred dollars.

No we don't take out insurance. I'm sure it would be way to expensive. We always state how we'll pay out the money and pick a figure that we think would be doable.

In this case, we said $10,000 each year for 10 years. For the $200,000 prediction contests, I think we say $20,000 per year for 10 years.

If you are interested in the insurance angle, here is an article a guy sent me yesterday:

This "challenge" to Rossi is very unlike ones where you win a million for sinking an unlikely shot at halftime. Challenges like that are made to entertain and have the remote chance of actually happening.

The LRC Rossi challenge is very different, in my view. The whole premise is not to challenge him to repeat an unlikely time, but to prove that he never could to begin with - even with a huge incentive. Therefore, he cheated.

Awesome, thanks a lot for answering, Rojo!

rojo wrote:

There obviously needs to be proof he ran it. If he roller skates a 3:11:45, then know we won't pay him. I'm sure it would be way to expensive.

Know, those welchers won't pay him. It would be to expensive, and they really really hater to dip into their they're there trust funds.

Rojo, how about a $10k (or less?) offer to the first person providing the definitive proof required by VIA to DQ Rossi. This would have race participants, spectators, store employees, etc. going through their photos and movies in hopes of a winner. I suspect many here would help offset any payout if you needed it.

What if he dopes? Didn't see you guys mention that?

Seems like the obvious choice - steroids and HGH to cut fat and then EPO.

adfafafsfasdf wrote:

What if he dopes? Didn't see you guys mention that?

Seems like the obvious choice - steroids and HGH to cut fat and then EPO.

Even doped, Rossi couldn't run 3:11. This guy is a grade A doofus that makes Kip Litton seem cool.

road rashed wrote:

adfafafsfasdf wrote:

What if he dopes? Didn't see you guys mention that?

Seems like the obvious choice - steroids and HGH to cut fat and then EPO.

Even doped, Rossi couldn't run 3:11. This guy is a grade A doofus that makes Kip Litton seem cool.

but could a doped rossi run a 19:59 5k? isnt that in the deal too?

Why even contemplate something impossible?

holinshed wrote:

If he broke 3:11, (a) what would their legal obligation be (if any),

Wouldn't they have to? Doesn't it qualify as an offer or some kind of contract? I'm not sure. If someone could tell me I'd really appreciate it. I'm genuinely curious.