The $200,000 ring

Things may be starting to look pretty bleak for Rudy these days. First, he was forced to admit that he's pro-choice, thereby damning himself in the eyes of the kooks on the religious right. Now, he may be in hot water up to his eyeballs. The Village Voice has the story:

Sports fans grew accustomed to seeing Giuliani, in Yankee jacket and cap, within camera view of the team's dugout at every one of the 40 postseason home games the Yankees played while he was mayor. His devotion reached such heights that at the 1995 Inner Circle press dinner, he played himself handing the city over to George Steinbrenner in a lampoon version of the Broadway musical Damn Yankees, succumbing to a scantily clad Lola who importuned him on behalf of the Boss to the tune of "Whatever Lola Wants (Lola Gets)." Mike Bloomberg understood years later that the song was no joke; he nixed Rudy's stadium deal in his first weeks in office.

It is only now, however, as Giuliani campaigns for president, that we are beginning to learn that this relationship went even deeper. Giuliani has been seen on the campaign trail wearing a World Series ring, a valuable prize we never knew he had. Indeed, the Yankees have told the Voice that he has four rings, one for every world championship the Yankees won while he was mayor. Voice calls to other cities whose teams won the Series in the past decade have determined that Giuliani is the only mayor with a ring, much less four. If it sounds innocent, wait for the price tag. These are certainly no Canal Street cubic zirconia knockoffs.

With Giuliani's name inscribed in the 1996, 1998, 1999, and 2000 diamond-and-gold rings, memorabilia and baseball experts say they are collectively worth a minimum of $200,000. The Yankees say that Giuliani did pay for his rings—but only $16,000, and years after he had left office. Anyone paying for the rings is as unusual as a mayor getting one, since neither the Yankees nor any other recent champion have sold rings to virtually anyone. The meager payment, however, is less than half of the replacement value of the rings, and that's a fraction of the market price, especially with the added value of Giuliani's name.

What's more troubling is that Giuliani's receipt of the rings may be a serious breach of the law, and one that could still be prosecuted. New York officials are barred from taking a gift of greater than $50 value from anyone doing business with the city, and under Giuliani, that statute was enforced aggressively against others. His administration forced a fire department chief, for example, to retire, forfeit $93,105 in salary, and pay a $6,000 fine for taking Broadway tickets to two shows and a free week in a ski condo from a city vendor. The city's Conflicts of Interest Board (COIB) has applied the gift rule to discounts as well, unless the cheaper rate "is available generally to all government employees." When a buildings department deputy commissioner was indicted in 2000 for taking Mets and Rangers tickets, as well as a family trip to Florida, from a vendor, an outraged Giuliani denounced his conduct as "reprehensible," particularly "at high levels in city agencies," and said that such officials had to be "singled out" and "used as examples."