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Barry Bonds facing 30 years in jail and a rough financial future

Shortly after the market closed today, I got one of my familiar MarketWatch.com bulletins in my in-box. But it wasn't concerning after-hours earnings or the Dow's (latest) triple-digit drop. Rather, it simply stated: "Home-run king Barry Bonds indicted on perjury, obstruction of justice charges."

Yowsa. While everyone always just assumed Bonds used the juice at some point in his career, I think this comes as a surprise to many sports fans. A federal grand jury has accused Bonds of lying under oath when he said he was unaware that substances handed out by personal trainer Greg Anderson were steroids. Bonds has also maintained that he did not use steroids in 2001, as he chased the single-season home-run record, then held by Mark McGwire.

According to MarketWatch, John Burris, "one of" Bonds' lawyers, told San Francisco radio station KCBS the Bonds would plead "not guilty." Burris also asserted that Bonds "will be found not guilty." Burris says the indictment was a shock, as the government doesn't have proper evidence to bring such a claim.

Continue reading Barry Bonds facing 30 years in jail and a rough financial future

Taking a $752,467 stand: Bonds' ball to be branded

During the past week or so, fashion designer Marc Ecko has been tabulating votes to decide what to do with Barry Bonds' 756th home-run ball. The three choices offered in an online poll were: Bestow It, Brand It, Banish It.

The fans have spoken, and door-number-2 was selected; the ball -- bought by Ecko for $752,467 -- will be marked with an asterisk before being handed over to the Baseball Hall of Fame in Cooperstown, NY. According to the site Ecko set up for the express purpose of voting, 34% favored giving the ball, unblemished, to the Hall of Fame. 19% of voters wanted the ball banished, and 47% preferred branding it. The asterisk merely serves as a permanent reminder that Hank Aaron's record was toppled by someone facing allegations of steroid use. Bonds has repeatedly denied knowingly taking any performance-enhancing drugs.

Ecko and Hall of Fame president Dale Petroskey both appeared on NBC's Today show to discuss the matter. Petroskey noted that, regardless of the asterisk, "We're happy to get [the ball] ... we're a nonprofit history museum, so this ball wouldn't be coming to Cooperstown without Marc Ecko buying it from the fan who caught it."

Bonds, naturally, had a compelling opinion on the matter, telling The San Francisco Chronicle, "[Marc Ecko's] stupid. He's an idiot ... What he's doing is stupid."

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.

Barry Bonds' home-run ball: Bestow it, brand it, or destroy it?

On August 7, Barry Bonds - one of the most universally reviled professional athletes of our time - topped Hank Aaron's 33-year-old home-run record. For months or even years now, Bonds' breaking of this milestone has been a foregone conclusion, and even the mercenary angle surrounding the record-breaking ball was being discussed long before that fateful crack of the bat.

From the second Bonds' 756th home-run ball touched the ever-so-lucky palms of Queens, New York resident Matt Murphy, the debate began over what the ball would be worth. Many have pointed out that the truly valuable ball will be the last home run Bonds hits, as it will effectively represent the new record (until someone mercifully shatters that). Last month, our own Tom Barlow assigned a price tag of $0. But fashion mogul Marc Ecko shelled out $752,467 for the 5 ounces of cork and rubber, and it seems as though he may have dropped more than three-quarters of a million dollars out of spite alone.

While most sports collectors would encase the storied ball in plastic or save it for shipping to Cooperstown, Ecko is taking a democratic approach to his next move. Ecko has set up a website with three options:



Continue reading Barry Bonds' home-run ball: Bestow it, brand it, or destroy it?

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DJIA-93.7910,197.47
NASDAQ-17.882,149.02
S&P 500-11.271,087.24

Last updated: November 12, 2009: 07:46 PM

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