Evel Kook Makes Absurd Leap of Math

A guy who's been chasing Evel Knievel for years over millions he's owed needs a new calculator.
Sheldon Saltman says he still hasn't collected on $13 million that a judge awarded him after the daredevil whaled on him with a baseball bat. But now he's suing for $64 million from the estate of Evel, saying that that's adjusted from 1981 numbers.

BTW, by pretty much any inflation adjustment, the amount would be around $30 mil. Reps for Evel, who died in 2007, have no comment.

Reader Comments

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1. FIRST!!!!

Posted at 10:37AM on Jul 9th 2008 by DB Cooper

2. Second!

Posted at 10:41AM on Jul 9th 2008 by BabyGirl

3.
this walking " pinata " would have a better chance
collecting with smelling salts, shovel and a heater......

Posted at 10:42AM on Jul 9th 2008 by dean corll

4. SCHMUCK!! Someone needs a hobby.

Posted at 10:46AM on Jul 9th 2008 by h20

5. Someone ought to beat him with a bat again. This jerk had it coming the first time and deserves it even more now! Leave Evel and his families money alone

Posted at 11:16AM on Jul 9th 2008 by #1Evel Fan

6. TMZ,

All states allow for post-judgement interest, and it is typically in the neighborhood of 12%. $61,000,000 is probably an accurate amount. Check the facts and the law before you post a story basically alleging that the person is stupid.

Posted at 11:25AM on Jul 9th 2008 by TMZ is stupid

7. Even Harvey Levin may know this:

You don't "adjust for inflation" with judgments.
Usually there is a codified annual percentage rate of interest you would apply (of course, depends on the state).

In California the legal rate of interest on those sorts of judgment is 10%.

Nothing beats TMZ just being rude though? Priceless . . .

Posted at 1:41PM on Jul 9th 2008 by JST

8. The figure includes interest, which is the way judgments work. TMZ should know this, shouldn't they?

Posted at 3:54PM on Jul 9th 2008 by SOT

9. "Reps for Evel, who died in 2007, have no comment."

yeah... if the reps are dead of course they have no comment. I know that's not what you guys were going for.... but it cracked me up.

Posted at 4:46PM on Jul 9th 2008 by clow

10. Compound annually: 10% is 170 billion. at 6% the figure becomes 63 million.

Posted at 8:58PM on Jul 9th 2008 by dont care

11. The Law is on Saltmans side. Sheldon Saltman is not some kook. He's a well respected promoter. And after I researched this I found out that Knievel and his lawyer had complete editorial control over the book Evel Knievel On Tour. This was shown to be true in court. And to be honest the book is not that bad. Evel himself has said many of the things in the book in other interviews. The money owed is accurate because of interest but I don't think he will get much. Knievel hid his money from the IRS and also spent it as fast as he got it.
For you Knievel fans you need to know that Evel lied about what he did that day. He had 2 guys hold Saltman , not one. And Evel didn't have cast on his arms. That was another lie. Evel wanted publicity . Thats why he did it.

Posted at 10:05PM on Jul 9th 2008 by Gary D

12. This 13 million dollar judgement was given to Saltman in 1981and he never went after Evel for any of the money until after he died. My question is why this gutless slime ball wants the money now after all of this time. If he had wanted it bad enough he should have had Evel's assets garnished. I think he was too scared of Evel even after all of these years and that wide Yellow stripe going down his back still shows clear today as it did when he was beaten the first time. He will never collect anything because all the family has to do is file bankruptcy and that will take care of that. I don't think Evel was rich anymore and Krystal was leagally divorced from Evel at the time of his death so it will be hard for Saltman to get anything from her personally. So he will spend alot of money and get nothing in return.

Posted at 10:27PM on Jul 9th 2008 by DEJ

13. Wow. Some of you don't know what really happened do you? The book was 100 percent accurate according to Knievels own Lawyer. Knievels lawyer signed off on the book. But if it wasn't what kind of man goes after someone with a baseball bat. And to show how much of a coward Knievel was he had two men hold Saltman. In 1978 Evel Knievel was on Good Morning America and said it wasn't what he wrote , it was the whole matter of the thing. In other words it was the truth. The book was the truth . Knievel even tried to pay Saltman pennies on the dollar to end the lawsuit and tried to apologize to Sheldon . While many of wondered why he did it some of use who worked around him think we know why. Publicity. Evel couldn't do many of his stunts and thought this would make him some kind of hero to his fans. Well , that didn't work out did it?
Did Evel ever take drugs? I advise you to look at a interview he did for a newspaper in 1975 when he said he used something before a jump , It wasn't booze.

Posted at 10:43PM on Jul 9th 2008 by Gary D

14. So who is telling the truth about Evel Knievel. It's best to ask the people who worked around him. Or ask his family. They won't defend what he did . In fact they will tell you the book was accurate. His ex wife Linda, His kids, They all dealt with the evil of Evel. It was only after he beat up Saltman in 1977 that the rest of the world saw real man. But he wasn't done. He also broke his sons nose , Robbie Knievel had his nose broken by his father. What a wonderful father he was.

You have to ask why Knievel would contact Sheldon Saltman and ask him for help with a promotion in 1976 if he really hated him.

Posted at 11:20PM on Jul 9th 2008 by Gary D

15. For you idiots who wonder why Saltman hasn't collected money from Knievel? Because Knievel hid his money like OJ tried to . I'm sure the IRS will enjoy looking at his background to see what he did with his income.

Posted at 11:23PM on Jul 9th 2008 by Gary D

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