Cubs will buy back title rings for $1

by - Senior Editor -

The Chicago Cubs were gracious as they handed out 2016 World Series Championship rings to many of their employees as the rings are valued to be worth around $70,000 to $250,000 to a private collector. There were different tiers of rings handed out to over 2,000 employees.

However, there was a catch with the rings because the Cubs organization doesn't want the rare and special rings to get into the wrong hands that won't appreciate them. The Cubs sent out a memo that restricted employees to sell their rings unless back to the Cubs first for one dollar according to multiple reports.

“We regret the formal nature of this memo, and we do not intend for this information to overshadow our joy in being able to provide this ring to you,” the memo states. “However, we think it is important to communicate this information to you.”

The reason that the team can do all of this legally is because it is a gift given by the team.

Thanks for visiting Follow our Facebook page to get updates on your news feed!
Send Feedback to Tony Crumpton: Email | Comment
Post your comments!

WATCH: Baez wags his finger at Puig after tag

WATCH: Cubs bullpen including Lackey hilariously dance after homer

WATCH: Schwarber cranks homer vs. Dodgers

Cubs' struggles continue as Dodgers take 3-0 lead in NLCS

WATCH: "Go Cubs Go" Halloween Light show

Former Cubs pitchers to sing 7th inning stretch

Cubs lineup vs. Dodgers, Schwarber bats second

Wade Davis named finalist for NL Reliever of the Year

Cubs NLCS tickets are way cheaper than last two years
Sign Up for E-Mail News Alerts
Daily Digest