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Visnovsky was traded to the Islanders by Anaheim last June, and the defenseman filed a grievance to have the deal voided because he claimed a no-trade clause in his original contract with Los Angeles was valid.
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But the Arizona gift clause, particularly now that it has been reinterpreted by the courts to match its original intent, is quite literally a treasure for our state, and a provision I would love to see emulated, particularly at the national level.
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Instead, Mr Bowman tried to tie up a cunning side-deal to gain control of Captain Morgan rum, the Seagram brand that he coveted most, with Morgan's original Puerto Rican distillers, who had reclaimed ownership from Seagram under a change-of-control clause.
ECONOMIST: Face value: The mixer | The