The Major League baseball Players Association is questioning the loans offered by the company of Scott
Boras. People close to Boras said that the payments have violated the tenets of the union.

The company has been providing huge amount of loans to not so well off people. Mostly benefiting
are the young Dominican players. The union sees to the agents and curbs any such transactions. It
believes this type of loans ensures a financial security and binds the players to such treaties. The loan
obliges the players to the agents and therefore allows the agent to influence them. They get to fear
the adverse effect on their family. The agents on the other hand, flourish in their business practices.
However, spokesperson from Mr. Boras’s company said the loan was provided to help out the struggling
youngsters. He said the amount is sometimes returned and at times they are not. Generally, the
company takes up some selected prospects and loans them. The amount is normally used for basic
necessities of housing and food and other requirements. Edward Salcedo could be the appropriate
instance to showcase the authority if the company. Mr. Boras agreed to represent the 15 year old novice
in 2006. Salcedo was funded for two years from 2007 to 2009. The loan summed up to $70,000 and was
mainly used up for his education and rents. It was decided that Edward’s further earning would repay
the loans. He hired a new trainer in 2009, he bagged a $1.6 million contract. Subsequently, repayment
was demanded immediately. Whereas, the family was not in a position to pay just then. A spokesperson
commented that the repayment was not made, but they will get it back.
Image Credit: SCOTT BORAS