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July 3, 2012

Jim Palmer to Auction Off Awards

If you've ever wanedt to say you've got a Cy Young Award or Gold is your chance.

Former Baltimore Orioles pitcher (and current TV analyst) Jim Palmer is auctioning off his three Cy Young Awards and two of his four Gold Gloves.

From now until July 8, Hunt Auctions will be taking bids online and over the phone for the Cy Young Awards the Orioles ace won in 1973, 1975 and 1976, as well as the Gold Gloves he earned in 1976 and 1979.  On July 10, the trophies will go to live auction.

Each of the Cy Young Award trophies are expected to fetch between $60,000 and $80,000. The Gold Gloves are expected to receive bids up to $15,000.

But the 66-year-old Hall of Famer says he isn't strapped for cash (although I've gotta think the return will be quite nice)...he's simply parting with the items because his "priorities have changed."

"At this juncture of my life, I would rather concern myself with the education of my grandchildren," the 19-year big leaguer said. "I also have a stepson, (15-year-old) Spencer, who is autistic and will need special care for the rest of his life."

A portion of the profits will also be given to the autism project of Palm Beach County.

Up until recently, Palmer kept his three Cy Young Awards on a wall in his Florida home. The Gold Gloves were in storage, mainly because his wife, Susan, didn't want them in their home.

"Gold doesn't go with my wife's design," Palmer said. "She has a design shop for women's ware in Palm Beach, and she doesn't do gold."

In the future, the 268-game winner might want to stick to the "doing it for charity" routine, since the decor angle might not go over as well.


KY said...

Kind of ironic, considering he used to pitch commercials for The Money Store.

KY said...

Kind of ironic, considering that he used to pitch commercials for The Money Store.

Dean Hybl said...

As a life-long Orioles lover and big fan of Jim Palmer, I find this a little sad. I'm glad that Palmer isn't forced to do this just to keep a roof over his head, but it doesn't seem fair that while today's second level players are making enough money to last four lifetimes, stars from the past have to part with symbols of their greatness to afford such things as college educations and long-term health care.

I hope all players learn from things like this and the recent financial disaster of Curt Schilling to realize that even if they are fortunate to become TV announcers and make some extra money at card shows, it will not be enough to sustain them and their family for the rest of their lives beyond regular living expenses if they haven't also put away money during their playing days.

I'm not saying that as a negative against Palmer. He probably was wise with his money, but even HOF players in his era never made generations-changing money, so as circumstances change they are forced to make tough choices.

I wish I had the money to buy the awards and give them back to Palmer or donate them to the Orioles, but unfortunately I have children of my own to put to school and I'm pretty sure my wife wouldn't let me hang Palmer's awards in my house either.