And when it came time for the American League's 1974 Cy Young Award winner to make his choice, he was swayed not by the money but by Kluttz's involvement and the Yankee image. Hunter and his team entertained between three and five clubs a day, 48 executives in all by the time things wrapped up. That kind of financial outlay required the Yankees to squeeze every penny they could from the contract, and for tax purposes it made sense to put the deal on their 1974 books. Order online. I cannot believe that Catfish would do this to me, he said. This material is made available for private study, scholarship, and research use. In 2004, the Oakland Athletics began the Catfish Hunter Award. For this reason, he declined to choose a team; accordingly, his plaque depicts him with no logo on his cap. background-color:#ba3434; The total value of the pact sets a record for baseball. Finley attempted to have the arbitration ruling overturned,[17] but was unsuccessful after several appeals. The votes of the first two membersMiller, on behalf of the players, and John Gaherin, the owners chief negotiatorcanceled each other out. That was the day that Jim "Catfish" Hunter left the Oakland As after an arbitrator named Peter Seitz ruled that the As had violated Hunters contract by not paying him money he was owed. Show your love of the game and play a part in preserving past and ensuring the future of the Baseball Hall of Fame. Heis often referred to as baseball's first big-money free agent, and was a member of five World Series championship teams.[1]. For the first time since the 1870s, a major league player was free to offer his services to the highest bidder. He also won four times without losing in the World Series. This was the highest ever at the time which also earned him immense fame. It seemed for a moment that the midnight deadline might come and go. After the designated hitter was adopted by the American League in 1973, Hunter had only two plate appearances in his final seven seasons, with one base hit in 1973. After Hunter's death, former teammate Reggie Jackson described Hunter as a "fabulous human being. What position did Catfish Hunter play? Or write about sports? "We don't belong to anybody", he told his wife.[2]. (a) Using an annual effective interest rate of 6% (a rate that figures in a six-year personal loan of $120,000 that Oakland's owner Charlie Finley had made to Hunter in 1969 and then promptly recalled), find the value of the specified payments to the insurance company at the scheduled time of the last payment. Peter Seitz, who declared Hunter free in a breach-of-contract . Catfish Hunter. But baseball had changed forever, years after a brave man named Curt Flood had his career end when he challenged the reserve clause all the way to the U.S. Supreme Court. We can't go against the decision of the courts., Informed of Hunter's signing, Finley said from his home in LaPorte, Ind. 1974 December 31. I hung up the phone, Hunter said at the time when he learned of the ruling, and turned to my wife and said, We dont belong to anybody.. If we win in the courts and the Yankees have played him prior to our winning, the Yankees certainly will be in for tremendous damages.. Some owners even flew to Hunters country home in North Carolina to woo the star right-hander. If he wasnt the Hunter of old, he was close enough. In spring training, he was diagnosed with diabetes[27][28] and combined with his chronic arm trouble the disease began to sap Hunter's energy. (Doug McWilliams/National Baseball Hall of Fame and Museum) Cracker Barrel Old Country Store / Restaurant #221 of 1276 places to eat in Lansing. (Voted by BBWAA on 315/413 ballots) And the map shows spots in Michigan, where fishermen caught Flathead catfish. On New Year's Eve, it shouldn't matter if. After a bidding war that included nearly every MLB team, the Yankees and Catfish Hunter ink a five-year/$3.75 million contract. At first the Owner didnt respond. [2][9][10] Hunter recalled being scared after he was declared a free agent. The most recent challenge to the reserve clause, made by St. Louis Cardinals outfielder Curt Flood, had been denied by the U.S. Supreme Court two years before. The images, titles, and descriptions are products of their time. Clyde never lied to me then and he never lied to me now, said Hunter, who has won 88 games in the last four seasons while helping pitch the A's to three consecutive World Series championships. [7] He made his major league debut in May, and earned his first win on July 27 in Fenway Park over the Boston Red Sox. Ring in the new. The remedy was free agency. Tenace spent the ensuing days humming If I Were a Rich Man around the clubhouse. When the 24-year-old finished the 1970 season with an 18-14 recordtantalizingly close to his first 20-win campaignhe knew just where to look for the two missing victories. Furthermore, he was joining an organization that was hungry to regain its former glory. Dec. 31, 1974: Catfish Hunter, five . On September 5, 2018, Hunter was inducted into the Oakland Athletics first Hall of Fame class, with wife, Helen, there to receive the honor. There was only one caveat, Hunter said. A trip to Cooperstown has something for baseball fans and everyone else. Bio/Historical Note Pen used by Jim "Catfish" Hunter to sign a five-year contract estimated at $3.75 million with the New York Yankees on December 31, 1974. The catfish fish (under the chicken) was fried to perfection and seasoned well. If you didn't know he was making that kind of money, you'd never guess it because he was humble, very reserved about being a star-type player almost a little bit shy. While football, basketball and hockey have been subjected to costly bidding wars in the last 15 years because of the birth of competing leagues, baseball has never had that problem. Catfish Hunter left the Athletics via free agency following the 1974 season and signed with the Yankees. Not only had the period passed, Hunter said, but Finley never even bothered to respond. You talk to him once more. So Kluttz did exactly that. In 1976, Hunter became the fourth major league pitcher to win 200 games before the age of 31 and the only one since Walter Johnson in 1915, preceded by Cy Young and Christy Mathewson. Join our linker program. By the time they reached New York it was 10 pages long and barely legible, owing to a bumpy trip. Im sure that he will be with us next season. Privately, he was less reticent. Copyright 2000-2023 Sports Reference LLC. That was the biggest thing that ever came to Ahoskie (N.C.).. Catfish Hunter's 1974 baseball contract with the Oakland Athletics called for half of his $100,000 salary to be paid to a life insurance company of his choice for the purchase of a deferred annuity. National Baseball Hall of Fame and Museum. Bowie Kuhn said it was like giving a life sentence to a pickpocket, and imposed a moratorium on other teams negotiating with Hunter. (Age 19-035d, Do you have a sports website? There was no hiding it now. Object number B-1975-0563. 46 Years Ago. however, I hereby offer, without qualification, to purchase and own the annuity on your life as you requested on or about August 1, 1974.. After a contract violation on an annuity by Finley in 1974, Catfish Hunter won arbitration in December and he was allowed to leave the Athletics as a free agent. Hunter was effectively pitching for half the money for which he signed. Watch. Catfish Hunter was born on April 8, 1946. He had a heck of a sense of humor. Based on those facts, it would appear to me you will be a free agent, Kapstein said. Second, so what if you're in the orchestra? Jim (Catfish) Hunter signed a fiveyear contract estimated at $3.75million with the New York Yankees last night, ending the most celebrated bidding war in American sports history. (1968-74). Select from premium Catfish Hunter of the highest quality. Hunter tried to arrange alternative financing through multiple banks in North Carolina, but without showing up in person it couldnt be done. More precisely, there were to be semi-monthly contributions in Hunter's name to the Jefferson Insurance Company with the first payment on April 16 and the final. The benefit to Finley was that he got to hold on to the money in the interim, earning interest on it all the while. Earlier reports said Hunter ing the deciding vote, took the action after Hunter charged that Charles O. Finley, owner of the Oakland A's, had breached his 1974 contract by not paying $50,000 of his $100,000 salary on a deferred payment basis to an insurance company by the stipulated time. All proceeds from the weekend benefit ALS research. Question, Comment, Feedback, or Correction? [39] His number 27 was retired by the Oakland Athletics in a pre-game ceremony on June 9, 1991, the first in the franchise's 90 year history.[38][40]. . The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. When Miller and MLB Players Association counsel Dick Moss read the contract, they agreed with Hunters interpretation and sent written notice to Finley about the violation. Catfish Hunter and his wife, Helen, live in the same house in the tiny town of Hertford, N.C., that they lived in 20 years ago. Hunters case was brought before arbitrator Peter Seitz in December, and Finley claimed to be confused by the terms of Hunters contract. when his unfortunate suspension was invoked, Paul said of Steinbrenner, he told men, any time you have an opportunity to buy the contract of a player for cash, I want you to go ahead whenever, in your judgment, it would be advantageous to the Yankees.. Anyone can read what you share. I didn't have a job. Those three seasons, 1972-74, ended with the A's as World Champions each time. A decade later it was Kluttz, still tight with the pitcher, who suggested Hunters $200,000-per-year compromise offer to Finley. Desperate to find a suitable arrangement, he even offered up insanity: a 10-year contract at $15,000 per season in lieu of the $150,000 that he owed. From 1965 to 1979, he was a pitcher for the Kansas City/Oakland Athletics and New York Yankees. inHertford,NC, Buried: To preserve these articles as they originally appeared, The Times does not alter, edit or update them. From that point on, every deal Hunter made with Finley was extensively documented, with signatures from each party in all the appropriate places. This, plus the acquisition of Bobby Bonds from San Francisco gives the team two of the biggest deals in its history. Hadnt he stuck with him through his hunting accident? It was Padres GM Buzzie Bavasi, who had just received approval from owner Ray Kroc to increase his already enormous offer, worth $4.5 million, including cash, stock, and a McDonalds franchise. But the document in question was the only contract Hunter had. When Hunter approached him with a solution to both their problemsa long-term contract at $200,000 per season, with a $200,000 bonusFinley rejected him outright and did not counter. Finley was on the hook for the outstanding $50,000, plus interest, for Hunters services in 1974, and because he had not fulfilled the players contract, it was theretofore terminated. During his first season with the team, hewent home with 23wins. He was diagnosed with amyotrophic lateral sclerosis, also known as Lou Gehrig's disease, in his early 50s, and died of the disease about a year after his diagnosis. For three weeks in December 1974, Cherrys firm became the most prominent entity on baseballs landscape, the result of the lawyers decision to avoid sending his client on a tour of interested parties and instead bring the parties to him. Miller had been following the dispute closely, and recognized that Finleys breach of contract represented a chance to take Hunters case to a neutral arbitrator. That was moment that George Steinbrenner became relevant to baseballs landscape, and that Charles O. Finley became an afterthought. Shortly after 7:00 p.m. Paul had a staffer schedule a news conference for 8:15. The Royals weighed in with $137,500 per year for six years, money for the farm, college tuition for Hunters kids, and a figure that nearly got the pitcher to sign on the spot$50,000 a year for life. Pen used by Jim "Catfish" Hunter to sign a five-year contract estimated at $3.75 million with the New York Yankees on December 31, 1974. : It is my opinion that Hunter still belongs to the A's. During his senior year in November 1963, Hunter's right foot was wounded by a brother in a hunting accident; helost one of his toes and shotgun pellets lodged in his foot. Exceeded rookie limits during 1965 season, View Player Bio While the union of baseballs most famous team and perhaps its most famous pitcher was intriguing enough, the price tag was the true headline: A five-year deal worth about $3.2 million, along with a $1 million signing bonus. When the 1974 season opened, Finley made the standard payments every two weeks as agreed. They also noted, as per the terms therein, that Finley had 10 days in which to comply. Do you have a blog? The Yankees, trying to regain the glory that was theirs until the last decade, landed the 28yearold righthander, considered by many experts to be baseball's premier pitcher, with an assist from Clyde Kluttz, a club scout. An arbitration hearing took place on Nov. 26 in New York. - B-NY76-B (Doug McWilliams / National Baseball Hall of Fame Library), One thing worried me, Miller later reflected. On the morning of the last day of the year Hunter drove to Ahoskie prepared to finalize a deal. When you play with guys like that, you feel blessed."[42]. (Doug McWilliams/National Baseball Hall of Fame and Museum) Catfish Hunter was elected into the Hall of Fame in 1987. September 17, 1979 He retired with appearances in six World Series and with five World Series championships. If it was not valid, that meant Catfish had been pitching contract-free, which would make him a free agent. Upon seeing how poorly his five-year, $1.5 million proposal stacked up, Yankees president Gabe Paul conceded defeat and made the two-and-a-half-hour road trip to Raleigh for his return flight to New York. [37], Along with Billy Williams and Ray Dandridge, Hunter was inducted into the Baseball Hall of Fame in Cooperstown in 1987. Please note that not all works are on view at all times - their availability is subject to change per the discretion of the Museum staff. The A's also won their third consecutive World Series. Hollowell was best friends with the young Jim Hunter while they grew up together. I believe there was a higher offer, but no matter how much money offered, if you want to be a Yankee, you don't think about it.. When Hunter asked, however, what would happen to the contract after he died, Kansas City GM Joe Burke told him that his demise would be the termination point. Catfish Hunter of the New York Yankees warms-up during spring training in March, 1975 in . Further suppose that Hunter had drawn a level January 1st salary for twenty years, beginning on January 1, 1980, the first January after his retirement. In 1966 and 1967, he was named to the American League All-Star team. Two weeks after he won his arbitration, Hunter became the highest-paid player in baseball and highest-paid pitcher in history when he signed a five-year contract with the New York Yankees worth $3.35 million. Catfish Hunter weighed 190 lbs (86 kg) when playing. That winter he sold 80 percent of the farm to a family friend for his initial $150,000 investment and sent the money to the Owner. He was credited by Steinbrenner as the cornerstone of the Yankees in their return to championship form. Some defensive statistics Copyright Sports Info Solutions, 2010-2023. Hunter had arm troubles in New York and was diagnosed with diabetes, and he only occasionally looked like the pitcher who had gone 88-35 over his final four seasons with the As. Only an hour after the World Series ended, even as Oakland players celebrated in their clubhouse, the union filed two grievancesone against Finley for breach of contract, another against Kuhn and Major League Baseball for failure to declare Hunter a free agent. As expected, Kuhn declared such a penalty to be too severe. It didnt take long for the $1 million predictions to be blown from the water. The first team to make an offer, the Cleveland Indians, opened with $2.4 million over 10 years. Telling the pitcher to lay low until the end of the season, the agent said that hed visit Cherry in North Carolina over the winter to work out details. . Bob Dylan wrote the song "Catfish" in 1975. 1972-74 Oakland Athletics, .avia-section.av-k6v62xgq-c0812a68936ee67ed4883eaa9d35be9b{ Use of this website (including any and all parts and components) constitutes your acceptance of these, Dynastic, Bombastic, Fantastic: Reggie, Rollie, Catfish, and Charlie Finleys Swingin As. He was tired of the hour-long drive into Ahoskie, not to mention that the baseball season ended two months earlier and he hadnt so much as dusted off his hunting rifle. After a dispute over a technicality in his contract with Oakland A's owner, Charles O. Finley, Hunter had become the first free agent in baseball's modern era. 30 Facts About Catfish Hunter | FactSnippet. Hunter was to repay the money at a minimum of $20,000 per year, plus 6 percent interest, for as long as it took to get square. On Dec. 18, Kuhn, seeing no other option, lifted his moratorium. Did your lawyer, Mr. Cherry, give Finley official notice of the contract breach?, Did the 10-day period [as stipulated in the contract] pass after Finley received the letter?. How much did Catfish Hunter weigh when playing? For more information or access to a high resolution reproduction (some fees may apply), contact: National Baseball Hall of Fame and Museum, Giamatti Research Center, research@baseballhall.org, 607-547-0330. I hung up the phone, turned to my wife and said, We don't belong to anybody. I was scared. In the last World Series, he said, I had a card in my locker that said, Winning isn't everything, but wanting to is. I always want to win.. By early August Finley was sufficiently concerned to urge Hunter to accept a straight payment of $50,000. The Book: Playing the Percentages in Baseball, Salaries may not be complete (especially pre-1985) and may not include some earned bonuses, Note, this is done in an automated way, so we apologize for any errors, & please. Asked if Hunter's high salary would affect the morale of the other players, Paul said, The morale of the club is helped when you add a man of Hunter's status. The images, titles, and descriptions are products of their time. Rule Changes Probable Pitchers Starting Lineups Transactions Injury Report World Baseball Classic MLB Draft All-Star Game MLB Pipeline Postseason History. He lost 12 games and had a 2,49 earnedrun average. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Hadnt he showered him with a $75,000 signing bonus? [36] Hunter is interred at Cedarwood Cemetery in Hertford, adjacent to the field where he played high school baseball. All rights reserved. Hunter was afraid his career might be over in the summer of 1978, because of shoulder problems. That was drastic. Many thanks to him. Finley claimed that he was fulfilling the contract when he offered Hunter a $50,000 check at the end of the season. "How a contract breach led Catfish Hunter to become baseball's first real free agent", "Catfish forever altered economics of sports", "Catfish selects Yankees, Pirates offer short $ $", "Hunter ruling stands but Finley to appeal", "Yearly League Leaders & Records for Complete Games", "Blue Jays Beat Yanks; Hunter on Disabled List", "Catfish Hunter still planning on retirement", "Hunter regains consciousness after fall", "Ace pitcher and baseball's first free-agent star", "Hunter Is Buried in the Town Where He Learned Baseball", "Perquimans County Chamber of Commerce/Visitor Center & Jim "Catfish" Hunter Museum", The ALS Association Jim "Catfish" Hunter Chapter, https://en.wikipedia.org/w/index.php?title=Catfish_Hunter&oldid=1136285306, May 13,1965,for theKansas City Athletics, September 17,1979,for theNew York Yankees, Career statistics and player information from, This page was last edited on 29 January 2023, at 16:54. Win Expectancy, Run Expectancy, and Leverage Index calculations provided by Tom Tango of InsideTheBook.com, and co-author of The Book: Playing the Percentages in Baseball. The New York Yankees signed Hunter to a five-year, $3,750,000 contract.) They might not rank with the trade for a Babe Ruth, but they'll do for their present needs. Blue plastic ballpoint pen and cap. I bought the sports jacket I'm wearing now and left by jet at about 2 o'clock. That was the day that Jim "Catfish" Hunter left the Oakland A's after an arbitrator named Peter Seitz ruled that the A's had violated Hunter's contract by not paying him money he was owed. This was the pitcher who was the object of the affections and treasuries of teams that sent a constant stream of representatives to the tiny town of Hertford where Hunter has lived all of his life and the tiny town of Ahoskie where the law firm of Cherry, Cherry and Flythe has its offices. National Baseball Hall of Fame and Museum. They were talking about nearly $3.5 million over five years, and Paul needed help. [16] New York was closer to his home in North Carolina and the team played on natural grass. View Catfish Hunter's Page at the Baseball Hall of Fame (plaque, photos, videos). Dec. 31, 1974: Catfish. Round your answers to the nearest cent.) Catfish broke the news of his possible departure to Tenace, Bando and Rudi that night over dinner with their wives. According to Paul, the Yankees signed Hunter last night rather than wait until 1975 on the advice of Greenwald, their tax lawyer. Catfish Hunter's 1974 baseball contract with the Oakland Athletics called for half of his $100,000 salary to be paid to a life insurance company of his choice for the purchase of a deferred annuity. (12 x $4,166.67 = $50,000.04. If he hadnt agreed to the arrangement, after all, it could hardly be valid. The following is excerpted fromDynastic, Bombastic, Fantastic: Reggie, Rollie, Catfish, and Charlie Finleys Swingin As. Catfish Hunter played for 3 teams; the Kansas City Athletics, Oakland Athletics and New York Yankees. 1) We are making 4166.67 for 12 installments bimonthly and our investment is growing @6%. Select from premium Catfish Hunter of the highest quality. The deal makes him the highest paid player in baseball . Phone: 602.496.1460 Much later, he became another champion Yankees player afflicted with ALS, the way Lou Gehrig had been, dying at the age of 53 back home in North Carolina. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. A history of the Sports Reference Sponsorship System. Please note that not all works are on view at all times - their availability is subject to change per the discretion of the Museum staff. Catfish Hunter's 1974 baseball contract with the Oakland Athletics called for half of his $100,000 salary to be paid to a life insurance company of his choice for the purchase of a deferred annuity. Catfish Hunter, the Hall of Fame right-hander who helped pitch the Oakland A's and the Yankees to six pennants in the 1970's, hurled a perfect game and was part of an economic revolution in. We suppose that the first eleven of these were to be for $4,166.67, and the final payment was to be for four cents less. On February 11, 1974, Hunter agreed with the A's on a two-year, $200,000 contract with a clause stipulating that $50,000 payments be made to a life insurance annuity of his choosing in each of the two seasons. Answer to Solved Given: $160.00 .qi = $1000 find 5221 More pre- Hunter is mentioned in the 1976 film The Bad News Bears. That was their signing of Dick Williams to manage the club after he resigned as manager of the A's with one year to go on his contract. You know Jim and he knows you. I asked [Finley] once why he only called me on the days I was due to pitch, but he said he didnt know when I was going to pitch, Hunter recalled. Catfish Hunter had 2,012 strikeouts over his career. In 1974, baseball was still operating under the reserve clause, which stipulated that a team retained complete control of a player unless he was given his unconditional release. Then, he underwent a 10-minute, non-surgical shoulder manipulation at the hands of Yankees team doctor Maurice Cowen. Find Catfish Hunter stock photos and editorial news pictures from Getty Images. Phoenix, AZ 85004 How . That left things up to Peter Seitz, a 69-year-old litigator with nearly two decades of arbitration experience across numerous industries. Data Provided By American, Southern, Vegetarian options $$$$ There were two flaws to this argument. Cedarwood Cemetery, Hertford, NC, High School: Perquimans HS (Perquimans, NC), Debut: Hunter was by that time among baseball's best. While playing for the Yankees, Catfish Huntercontinued to perform well. For reasons that remain nebulous to this day, Finley failed to make a $50,000 life insurance annuity payment on behalf of Jim "Catfish" Hunter, even though it was clearly stipulated in the ace pitcher's contract. Starting with Catfish Hunter's landmark contract for the 1975 season, let's go back and find the pitchers who set the marks for highest total value contract. Jackson wanted New York and the stage of Yankee Stadium, the same as Hunter did before him. Without its ace, Finleys As would fall to last place by 1977. but the Kansas City Athletics signed Catfish Hunter to a contract. As soon as the season ended Hunter raced home to arrange for a second loan to cover the first, but gave up when a boundary-line dispute delayed the proceedings. Finley was there, as was American League president Lee MacPhail. While at the Yankees he had . He had just completed a stellar season, capturing the Cy Young Award after leading the American League in wins (25) and earned run average (2.49) and powering the Oakland Athletics to their third consecutive World Series title. But that is exactly what he did. Is Catfish Hunter in the Hall of Fame? Full-year historical Major League statistics provided by Pete Palmer and Gary Gillette of Hidden Game Sports. Supposedly, Finley was upset about having to pay an additional $25,000 in taxes, but that amount of money would soon become . If you have corrections or additional information about this object, please email research@baseballhall.org to help improve our records. One thing Paul had working in his favor, however, was Yankees director of minor league scouting Clyde Kluttz. [2][30], While with the Yankees, Hunter was a resident of Norwood, New Jersey, preferring to live outside of New York City. Pen has two white stripes running down the length of the pen, one on each side. [2][11][12][13][14] He had been courted by 23 of the 24 teams, including the A's but not the San Francisco Giants,[15] and refused higher offers from the San Diego Padres and the Kansas City Royals. I love this place, said Catfishs old pitching coach in Oakland, Bill Posedale, in town representing his new employer, the San Diego Padres. Just a few months later, however, the Owner purchased the Memphis Pros of the American Basketball Association, supplementing the hockey team he had already acquired, the NHLs California Golden Seals. [4] He had won 161 games for the A's, 131 in seven seasons in Oakland and 30 in his first three seasons in Kansas City. Youll be dead. It was not a good joke, and it continued to sour Hunter even after the Royals added $30,000 per year for the rest of Helen Hunters life as well. Rookie Status: Finley agreed. By days end the Red Sox had upped it to $3 million over five. Jim "Catfish" Hunter holds Yankee emblem after signing multi-million dollar contract. Catfish Hunter played 15 seasons. the official stats partner of the NBA, NHL and MLB. vs. CHW 2.0 IP, 0 H, 2 SO, 1 BB, 0 ER, Last Game: More precisely, there were to be semi-monthly contributions in Hunter's name to the Jefferson Insurance Company with the first payment on April 16 and the final payment on September 30. September 9, 1999 Before and after his induction, Hunter spoke highly of his experiences with both the Athletics and Yankees and his appreciation for both team owners, Charlie Finley and George Steinbrenner. The following winter, Seitz declared them to be free agents, effectively ending the reserve clause and bringing about the first free agent player draft on Nov 4, 1976. Only a portion of NBHFM's collection is currently online and the information presented here is subject to updates and additions based on research and imaging activities. Catfish Hunter Perfect Game cap. Hunter signed with the Yankees for $3.75 million over five years, proving that a market for veteran free . The bidding war reached its climax on New Years Eve, when the New York Yankees announced that they had landed Hunter.
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