Cubs can buy back World Series rings for $1

If you were lucky enough to be a part of the Chicago Cubs organization in 2016, you're probably the proud owner of a very awesome and very expensive World Series ring.

But, don't even think about trying to make a buck or two by selling it.

The Cubs issued an internal memo to all players, coaches, and staff members who received rings asking them to sign away the right to sell their ring at a later date, according to Stefano Esposito and Mitchell Armentrout of the Chicago Sun-Times. The memo gives the Cubs the right to buy the ring back from anyone trying to sell it for $1.

"If the Cubs elect not to purchase the ring, then you may transfer it according to the terms you provided to the Cubs; however, each subsequent owner shall also be bound by these terms in the event of a subsequent proposed sale or other transfer," the memo reads, according to the Sun-Times.

Rings are allowed to be gifted or bequeathed to immediate family members without consulting the team.

Cubs players were reportedly upset by the memo and refused to sign it, though team spokesman Julian Green said, "uniformed players and coaches were never asked to sign the form and were not even aware a form existed until yesterday."

The Cubs' World Series rings, handed out in a ceremony last week, contain 108 diamonds to represent the championship that ended the franchise's 108-year title drought. A caricature of a goat - in honor of the now-dead "Curse of the Billy Goat" - graces the inside of the ring.