How Does ITG Prevent Redemptions??

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GabbyGuy

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With the ever growing problem with redemptions in this hobby, I was wondering why it is so bad? And it was mentioned in another thread that card companies "were at the mercy of the players. The players sign the contract agreeing to sign the cards. They take their time doing it and force the card companies to put redemptions in that they are owed from the player."

Is that a known fact? Or just an opinion?

If that's the case, then how has ITG been preventing redemptions for years? Do they pay the players differently? Different types of contracts with time limits to get the cards back? The licensing issue? What?

Signing a contract is one thing, but payment is probably the key. Players sign a contract for a set price. Are they paid right away and just take their time? Or do they sign a contract and agree to sign autos, then wait to get paid...and if they don't get paid, they don't sign? Or is it certain players saying "they didn't pay me on time once in 2008, so I'm going to make them wait this time." Of course, that last point doesn't apply to rookies who have redemptions because this is their first time doing autos for cards.

All the players now have agents. Do card companies deal direct with the player, or their agents, or the NHLPA? That would make a difference, too... who is in the loop.

A lot of questions....and don't want this to get into a big FLAME-FEST of the companies.

Just wondering..... Thanks!
 
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I think it has to do with time limits and volume. Dr. Price has indicated here that his deals have two week time frames for returns (in reference to Enforcers I think).

ITG also asks for a significantly less amout of signatures. They put fewer products and not all players are featured with autographs in each product.

I would also think that with less products there is more planning time, and therefore more time to have autographs returned before product release.
 
I also remember reading that ITG gives the players money up front, so they feel more obligated to return faster, as opposed to UD pays after.

I could be wrong though, memory's been spotty lately.
 
Add the philosophy of "if we don't have it, then it won't be included". Dr. Price mentioned this in the whats up with the Upper Deck company? thread re: redemptions:

I have a drawer full of Superlative cards signed by players that were received after the pack-out. We simply left them out of the product. It can be done.
 
Add the philosophy of "if we don't have it, then it won't be included". Dr. Price mentioned this in the whats up with the Upper Deck company? thread re: redemptions:

I have a drawer full of Superlative cards signed by players that were received after the pack-out. We simply left them out of the product. It can be done.


To me, that's the single biggest reason. What's 'in hand' makes it into the product.

I like that philosophy.
 
Last time I was there, Brian pulld out a stack of auto cards that came in after the Enshrined product was released.... Desirable player to boot.
 
If I recall correctly, ITG does send cheques with the cards. If I remember also, UD does not - they send cards and cards and cards, promising payment, but it can take awhile to get paid. As for Panini, I haven't heard anything about how their system works.

Deciding to packout a product without including some players takes guts, especially if those players have cashed the cheques and send the cards back late. Kinda hard to include them in a different product. Is that sunk money for ITG, or will we see some sort of update inclusion in another product, or some sort of mail-in redemption? Either would be cool.

Anyone have any idea on how Panini does things?
 
I guess I can post on this thread since it is about my company.

I know some get upset with me when I give my opinion about my competitors, so I am trying not to do that.

It bothers me that collectors blame the players for redemptions. Now, if they have personal knowledge of players not returning their signed cards or labels, that's a different story. But many don't, they make an assumption.

Yes, we do send payment with cards or labels. Yes, we do have less autographs than the others. Yes, we only put in a product the autographs we have on release date. All these statements are true.

These policies are by choice.

I don't follow what players are redemptions for other companies but I heard some names mentioned in other threads. Some of the names mentioned are players we have relationships with. I can tell you from my personal experience, there is no issue getting them to sign.

Hockey players are the best. They are honest and easy to work with.

So, unless you know for a fact that it is a player's fault that autographs are not sent back to a company, don't jump to conclusions.

Some one in another thread mentioned at over 90% was the players' fault. I wonder what they base that statement on.

I hope no one is offended that I posted my opinion in a thread about my company.

Brian Price
 
Brain. What do you do with cards that in after the pack out? Do they just get scraped? I'm more looking at the game used autos. I'm guessing you scrap the card but save the memorabilia?

I like the philosophy of "if we don't have it, then it won't be included" I wish all company's would do this
 
I guess I can post on this thread since it is about my company.

I know some get upset with me when I give my opinion about my competitors, so I am trying not to do that.

It bothers me that collectors blame the players for redemptions. Now, if they have personal knowledge of players not returning their signed cards or labels, that's a different story. But many don't, they make an assumption.

Yes, we do send payment with cards or labels. Yes, we do have less autographs than the others. Yes, we only put in a product the autographs we have on release date. All these statements are true.

These policies are by choice.

I don't follow what players are redemptions for other companies but I heard some names mentioned in other threads. Some of the names mentioned are players we have relationships with. I can tell you from my personal experience, there is no issue getting them to sign.

Hockey players are the best. They are honest and easy to work with.

So, unless you know for a fact that it is a player's fault that autographs are not sent back to a company, don't jump to conclusions.

Some one in another thread mentioned at over 90% was the players' fault. I wonder what they base that statement on.

I hope no one is offended that I posted my opinion in a thread about my company.

Brian Price

It's just a stab in the dark, but I suspect innovation and thinking outside the box (excuse the pun) come into play, no? I have to think that is what happened in the case of the Hasek Decades autos.....
 
Spooner9ball, you hit the nail on the head.

I have all the returned cards and hope to use them one day, I have a lot of money tied up in them.

The Hasek opportunity presented itself and thus the cards were used.

Hard signed autograph cards that were never issued, don't go bad.

Brian Price
 
Spooner9ball, you hit the nail on the head.

I have all the returned cards and hope to use them one day, I have a lot of money tied up in them.

The Hasek opportunity presented itself and thus the cards were used.

Hard signed autograph cards that were never issued, don't go bad.

Brian Price

I'm guessing that the autos were cut and used in another product? Either way your right hard signed cards never go bad
 
I guess I can post on this thread since it is about my company.

I know some get upset with me when I give my opinion about my competitors, so I am trying not to do that.

It bothers me that collectors blame the players for redemptions. Now, if they have personal knowledge of players not returning their signed cards or labels, that's a different story. But many don't, they make an assumption.

Yes, we do send payment with cards or labels. Yes, we do have less autographs than the others. Yes, we only put in a product the autographs we have on release date. All these statements are true.

These policies are by choice.

I don't follow what players are redemptions for other companies but I heard some names mentioned in other threads. Some of the names mentioned are players we have relationships with. I can tell you from my personal experience, there is no issue getting them to sign.

Hockey players are the best. They are honest and easy to work with.

So, unless you know for a fact that it is a player's fault that autographs are not sent back to a company, don't jump to conclusions.

Some one in another thread mentioned at over 90% was the players' fault. I wonder what they base that statement on.

I hope no one is offended that I posted my opinion in a thread about my company.

Brian Price

He said "no flame-fest" so I'll just leave it alone, even though I'm called out.

I'll just say this. People say UD is only financially motivated. They are a business so I buy that, they should be financially motivated.

So what financial motivation is there to have to make redemptions, sort out those redemptions, sort out those returning cards, have a whole computer system with front-end web site, pack those cards to mail, maintain a stock of supplies and envelopes for mailouts, and have to pay USPS and FedEx to mail cards? Because I've redeemed, out of products I've opened personally, several hundred cards. And of those cards, less than 10% were un-redeemable. And of those few, I've already received just compensation with just one call to UD and it was done.

I have the stack of chits right here next to my computer because I have a weird sense of fun when I look through them, to recall what was a redemption. They represent what must have been tens, maybe hundreds of thousands of cards that they had to mail out (not counting pre-made stuff like the old Artifacts RCs). Why would UD go through all of that trouble? How do they make money off of that, all those extra mailings? How is that good business for them to do it deliberately as a company policy?

How is it a good idea to UD to have to mail out 999 Jesse Schultz SPA Future Watches? Or to have to track non-existent Noah Welch cards? Or Nicklas Nordgren SOTTs? I guarantee you those aren't being "backdoored" nor does UD have any motivation to sucker people into thinking these guys are on the checklists and not make the cards.

It's not a UD policy, I can tell you that. Nor is it a UD problem. Topps has the same issue on the licenses they own. And now, so does Panini and they do it even less well. All of the big companies who handle players in the thousands and handle product in the hundreds of thousands/millions of cases, they all have these problems.

The only explanation is either the player never got the cards to sign (lost on the way to them) or they never returned them. And with a large majority of redemptions, and I would have personal experience as a collector, they do get sent out.

On the other hand, you can imagine the amount of work, the level of endeavor a big company can have to produce a set year after year with as many hard signed autographs as SP Authentic. Every single year, a long checklist with so many /999 Future Watch autos...the size of the organization that can do that. And what else that organization can do, in UD's case...just as bring the first game used memorabilia on card, bring the first hard-signed autos EVER to a major licensed sport card, bring the first high end paper to cards, bring rookies and young players their cards years sooner, get all sorts of licenses to do so.

Heck, we call all cards with jerseys on them "game jerseys" because UD made them first and called them that. ...even the first "stick" cards were made by UD, the baseball bat of Babe Ruth (first memorabilia cards ever). We expect high end photography because UD made the first set of cards with all high end photos and resolution. The beloved Team Canada sets that seem to come out...UD did that first in 90-91 high numbers. Reggie Jackson, then Brett Hull autos... Young Guns... Long tradition brands like the SPs, Black Diamond, . Ultimate Collection, then The Cup. The first Wayne Gretzky auto and the first auto per pack set (Be A Player) where everyone had a chance to open a real auto. The first desirable chase set based on a cool theme in Hockey Heroes...heck we're still looking for header cards in this year's product! The first McDonalds set, biggest selling sets in history of hockey collecting, I heard.



I know you guys like to prop up In The Game. But...

It's time to be real. Everything current cards are now that we love the most are based on things UD brought out first. They could do this because they thought big, proved durable throughout the years despite taking a lot of risks. They've had to continue to survive by running their business as a business. And all of the other big card companies try to either emulate them or one-up them, even Topps, the granddaddy of them all. And they all do redemptions. In a business you can't really hold on to one little stack of cards and put them in a later product. You have to design whole products at a time and have them approved by various boards, execs and even bean counters. I worked for small companies, then I was put in charge of a division of a large one. Later I went to work for a mid-sized aggressive company but now, after we were bought out (friendly) I work for one of the biggest corps in the world. When big businesses make products, several teams and groups have to approve the business plan for it, including the numbers for the project.

It's a part of business. But then, there are things only bigger businesses can do. And sometimes those things change the game. In UD's case, that "sometimes" is MANY times.

- R
.><.
 
I'm guessing that the autos were cut and used in another product? Either way your right hard signed cards never go bad

No they were inserted in a follow up Chicago -spin Decades program. Made for a great chase card for my brother as he was working on all the goalie autos from Decades.
 
in UD's case...just as bring the first game used memorabilia on card, bring the first hard-signed autos EVER to a major licensed sport card, bring the first high end paper to cards, bring rookies and young players their cards years sooner, get all sorts of licenses to do so.

Heck, we call all cards with jerseys on them "game jerseys" because UD made them first and called them that. ...even the first "stick" cards were made by UD, the baseball bat of Babe Ruth (first memorabilia cards ever). We expect high end photography because UD made the first set of cards with all high end photos and resolution. The beloved Team Canada sets that seem to come out...UD did that first in 90-91 high numbers. Reggie Jackson, then Brett Hull autos... Young Guns... Long tradition brands like the SPs, Black Diamond, . Ultimate Collection, then The Cup. The first Wayne Gretzky auto and the first auto per pack set (Be A Player) where everyone had a chance to open a real auto. The first desirable chase set based on a cool theme in Hockey Heroes...heck we're still looking for header cards in this year's product! The first McDonalds set, biggest selling sets in history of hockey collecting, I heard.


I know you guys like to prop up In The Game. But...

It's time to be real. Everything current cards are now that we love the most are based on things UD brought out first. They could do this because they thought big, proved durable throughout the years despite taking a lot of risks. They've had to continue to survive by running their business as a business. And all of the other big card companies try to either emulate them or one-up them, even Topps, the granddaddy of them all. And they all do redemptions. In a business you can't really hold on to one little stack of cards and put them in a later product. You have to design whole products at a time and have them approved by various boards, execs and even bean counters. I worked for small companies, then I was put in charge of a division of a large one. Later I went to work for a mid-sized aggressive company but now, after we were bought out (friendly) I work for one of the biggest corps in the world. When big businesses make products, several teams and groups have to approve the business plan for it, including the numbers for the project.

But what does that have to do about the redemption process of ITG?

The success of how ITG runs it's redemptions is based off of the planning and foresight that goes into the product beforehand. How many time has a product come out without a full checklist in the past few years? Counting any and all companies.

Instead of rushing more and more products out into the market why not cut down on the number of sets and instead improve the quality of the sets that are made. What I am saying is, instead of 15 products a year, why not make it 6 and have those 6 be really solid. This would not only cut down on the Customer service issues but also it would help with the issue of over-saturation when it comes to resale and the problem of 50000 rookie autographs of one player.
 
Instead of rushing more and more products out into the market why not cut down on the number of sets and instead improve the quality of the sets that are made. What I am saying is, instead of 15 products a year, why not make it 6 and have those 6 be really solid. This would not only cut down on the Customer service issues but also it would help with the issue of over-saturation when it comes to resale and the problem of 50000 rookie autographs of one player.


Because they're permitted to make 15 sets (is that the actual number? I don't know). What you're asking them to do is make less money, and in a capitalist society that's not what companies want to do. It is not the companies responsibility to care about after market values, if the cases are going out their door that's all they (should) care about. And at this time people are still buying the products, again giving the companies no reason to change.
 
But what does that have to do about the redemption process of ITG?

The success of how ITG runs it's redemptions is based off of the planning and foresight that goes into the product beforehand. How many time has a product come out without a full checklist in the past few years? Counting any and all companies.

Instead of rushing more and more products out into the market why not cut down on the number of sets and instead improve the quality of the sets that are made. What I am saying is, instead of 15 products a year, why not make it 6 and have those 6 be really solid. This would not only cut down on the Customer service issues but also it would help with the issue of over-saturation when it comes to resale and the problem of 50000 rookie autographs of one player.

Fine I'll paraphrase. I wanted to say just positive things but now I have to be direct.

With the sheer number, size, amount and ambition of the number of autographs that a company of Topps, UD and Panini go after, there are bound to be cards that aren't returned. ITG is not that size. The simple fact that another collector above has an anecdote about seeing a stack of hard-signed autos going around is pretty scary to me, someone who works for big corporations and does the Six Sigma thing; we're talking about a hobby industry that is based on perceived rarities...

And while redemptions are an annoying by-product of a combination of the above and general large company business practice, to the companies it's an undesirable cost. But another by-product of these same large companies is huge innovations, great products and most importantly tradition that's built through unbroken company longevity. Due to the number of other big companies that also do redemptions, both in hockey and other sports, it strongly appears to be a necessary evil because there are many people and processes in place to make sure the books are up to date before a project is started. That's basic project management 101. Thus stuff that's been budgeted and planned for has to be packed and shipped out. It's not going to be in someone's pocket, displayed to a non-company person outside the company premises.

That's my answer to the above question. Micro vs. Macro in business.
(In a strange but true example, non-card collecting - when you're a small business, the number of lawsuits you have is close to zero in terms of how many people you sue or are suing you...the bigger your corporation, the number of lawsuits, and sizes of them!, grows seemingly on an exponential level; thus the quantity and quality of representation you must retain also grows exponentially. I found this to be true as I worked throughout the years and rubbed elbows with many business managers and owners, including first-hand information as well. We, the Chinese, have an old Asian saying, "The bird doesn't understand the long flight of the Roc." )


Now on another topic,

I don't know about you guys, but when I buy a new product, whether it has redemptions or not is about 5% of why I choose a product. Why? Because I get most of the redemptions back. 95% of the time I go with how nice the cards look and how good the value is for what I pay. I'd rather open 5 cases of SPA than 5 different cases of other product because the aesthetic, the hard-signed autos and rookies are great. The fact that I might hit 3 redemptions maybe in a whole case doesn't bug me that much, where as in another product that number might be 0...because SPA has all hard-signed cards from a kajillion players, it has more redemptions.

Now when it comes to product that's like 3 or more years old, then that concern grows to about 50%. I've opened 05/06 Beehive and gotten Guy Lafleur photo autos that had expired...I've gotten a dual signed Lecavalier and some other guy where the chit was so old, the ink faded so you couldn't read the rest! When I look at old cases of SPA or Ultimate Collection, I always try to remember who was a redemption and factor that against the product. But when I open certain products by certain manufacturers and all of the cards are stuck together in a brick so I have to peel them apart, ripping them up in the process, to see what's in there, that pretty much discounts them 100%. I'm not talking about 92 Pro Set Platinum or the first year of 90 Stadium Club baseball or even the first year of Classic Games 4 Sport from 1991/2. I'm talking about hockey sets made in the 2002/3 era.

- R
.><.
 
Because they're permitted to make 15 sets (is that the actual number? I don't know). What you're asking them to do is make less money, and in a capitalist society that's not what companies want to do. It is not the companies responsibility to care about after market values, if the cases are going out their door that's all they (should) care about. And at this time people are still buying the products, again giving the companies no reason to change.

That's part of it. Also part of it is the fact that due to some risky deals/projects done in the past when UD was...was run like a small business, they've gone bankrupt. More than once I believe...

They're still here and keeping important brands around like Young Guns. But once you go bankrupt, the banks often come in and have a huge say in how you plan your future projects. The fact that all of the manufacturers seem to have redemptions and those are the companies that keep putting out the most popular products, you kinda have to wonder if this is what it takes in this hobby.

In hockey it's even rockier than in other sports like baseball. The rookie class is so important to your success in a year, especially now that the NHL has put those rules in about non-NHLers appearing in NHL sets.

This decade, since maybe 2002, we've had an unprecedented number of years where year after year there are lots of good rookies and at least one top rookie. I remember in the 90s where we had to take a bad rookie and manufacture him into a great rookie (Milan Kraft, anyone?). I blame Gretzky for being an influence on these crazy hockey kids. :)

- R
 
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