There’s a story in today’s USA Today (Wednesday, May 29) that examines the life of Eric Gregg, an amiable major-league umpire who lost his job in 1999 due to an incredibly imbecilic move on the part of his union.
Brief (and vastly oversimplified) backstory: In 1999, Major League Baseball was negotiating a new contract with the umpires’ union. As a negotiating ploy, 22 umpires turned in their resignations. MLB shocked them by accepting the resignations. Gregg hasn’t worked as an umpire since.
Now, the kicker – he’s broke. After 22 years as an umpire (the last few of which he made $194,000 per year), he has no money. He’s working part-time as a bartender at a tavern in Philadelphia’s Veteran Stadium. In three years, he’s gone through his savings and his retirement. He’s deeply in debt. His family of six (himself, wife, four kids) have had to move three times in the past year. He’s declared bankruptcy. His son had to drop out of college because Gregg couldn’t pay the tuition, and his credit rating was too bad to get a loan.
How in the name of all that is good and holy do you blow through an income of $194K a year without putting at least some of it aside? You know, just in case you lose your job? Gregg is 51. Surely to God he realized retirement wasn’t too far away. But apparently he just spent money left and right (or gave it away, or forgot where he put it, or something), and now he doesn’t have anything left to fall back on. In three short years, he’s gone through all the money he had 22 years to put aside.
I realize this isn’t in the same category as the pro athletes who make millions during their career and are subsequently broke five years after they retire. But the idiocy of this situation just flabbergasts me. Gregg offered his resignation. You don’t do that unless you mean it. And you sure as hell don’t do it unless you’ve got a backup plan. Gregg obviously had none.
Fiscal responsibility isn’t that hard. But it seems that once folks start making more than the average Joe, whatever little self-control they had vanishes. I’m reminded of a major-league outfielder who was quoted a few years back as saying “People get all upset at ballplayers, thinking we all make millions of dollars a year. Most of us only make $500,000.” (That’s a paraphrase, but it’s pretty close.)
Eric Gregg: I’m sure you’re a nice, decent man. According to the article, you were one of the friendliest umpires around. But good Lord, you don’t have the financial sense God gave a trout.