TCR Tuesday Notes
I'll have to keep this brief...deadlines, deadlines, deadlines.
- Another solid outing by Randy Wells, albeit against another poor offensive team. Of his 10 starts, only 3 have been against offenses currently in the top half of runs scored for their league (Brewers, Dodgers sans Manny and Indians sans DH). Of course, he pitched pretty well in those 3 starts, so I'm not really sure I have a point here. Besides Wells, the three scoreless innings by the bullpen were kind of neat to watch and it looks like a Sean Marshall/Angel Guzman 7th innning combo may help solidify the bullpen along with Marmol scrapping his Mike Fetters impression.
Wells did hit in the bottom of the sixth, and then was immediately lifted for a pinch-hitter in the top of the 7th. This is nothing new for Lou, but now he has a 6-man bench. I somewhat understand the reasoning, as a pinch-hitter was due to lead-off for the Braves and Lou wanted to force Bobby Cox to burn a player, and indeed he did, putting in Gregor Blanco and then lifting him for Jeff Francouer when Lou went to Sean Marshall. Yet, I would have rather seen a pinch-hitter up there in a close game.
The other curious move is the slow de-evolution (is that a word?) of Lou Piniella into Don Baylor. It's becoming rather common for Lou to call the sacrifice bunt with Ryan Theriot early in games if the lead-off hitter gets on to start an inning. A strategy that I can only politely call...fucking ridiculous.
- Bruce Levine covers most of the days Cubs-related news of the day over at ESPN Chicago. It looks like the Cubs final sale price will be $850 million with Sam Zell and the Tribune forming a new partnership and retaining a 5-7% stake in the team, an elaborate plan to minimize Zell's capital gains tax hit. On top of that, the Ricketts were essentially forced to borrow $450M from three banks to finance the deal at interest rates between 5-6% (not bad), which means they'll need to come up with $25-30M to just cover the interest. Levine says the Cubs netted about $45M last year, so expect some creative ways to add revenue, such as personal seat licenses for season ticket holders (maybe, I'll get out of the 70,000 range on the waiting list).
- The same article says that Reed Johnson will bat lead-off when a lefty takes the mound, which doesn't look like it will happen until after the All-Star Break against the Washington Nationals. Alfonso Soriano begrudingly accepts the move down in the order on certain conditions.
''That's fine,'' Soriano said, ''as long as we play like we're playing.
If the team hits better, and we start winning, that's fine.''
- Once the Ricketts do take over, they'll need to decide what to do with Wrigley Field, including a potential major upgrade to be done by 2014.
Known as Wrigley 2014, the plan calls for new concourses, washrooms, concessions, skyboxes and a club seating lounge.
Adjacent to the ballpark, the team would finally develop the
so-called triangle building and turn the street in between into a
Fenway Park-style pedestrian promenade bustling with shops and
restaurants.
- For all the hand wringing about the Cubs so far this season, they're currently tied in the loss column with both the Brewers and Cardinals, a game out of second place and two out of first place. The Cards and Brewers face off for a three game set this week and then the Cubs play four against the Cards this weekend at Wrigley. The team run differential so far shows they're right about where they should be, as are the Cardinals and Brewers. The Reds 21-run loss last night hurt them dearly in the expected win-loss category, but looks like they were playing a little over their heads before that. The Pirates should be around .500 if not for a 5-12 record in one-run games. But as they continue to trade away their better players, that'll be tough to maintain. Here's hoping the return of Aramis and the rest of the bats starting to warm up, that they start to pound their opponents appropriately (that also sounded dirty).
UPDATE: An update on the sale from Crain's Chicago Business thanks to Cubnut . Zell has lined up a second offer led by Marc Utay that he will be presenting to the bankruptcy court. The deal is said to be for a higher purchase price but requires more financing and less money upfront. Great...let's drag this on a little longer. If the bankruptcy court has its say, they'd probably favor the Ricketts deal as they want as much money as soon as possible, but the owners could possibly favor the Utay deal and the higher purchase price which would up the value of their franchises. Zell and Trib would probably prefer the Utay deal if I understand this all correctly, as the more that is financed, the less Zell has to pay in taxes.
(tears hair out)








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#1 Re: TCR Tuesday Notes
''That's fine,'' Soriano said, ''as long as we play like we're playing. If the team hits better, and we start winning, that's fine.''
But if we go back to stinking, I want my rightful place as the lead-off hitter back. I wish Bradley was a team player like me.
#2 Re: TCR Tuesday Notes
Crain's reporting that Tribune Company has lined up a deal with the Utay group and will be presenting both that and the Ricketts offer to the bankruptcy court.
http://bit.ly/RGvDw
#3 Re: TCR Tuesday Notes
Crain's says Utay offer is for more money but less cash upfront; says Ricketts has "a real edge."
#16 Re: Crain's says
As I mentioned here a couple months ago,
"Nothing new about this really. Ricketts was the top choice of the owners rather than Zell. But you have to have the owners on board to get the deal done so they went to the top of the list. Other bids were higher and as it's turning out probably more viable."
It should be clear now that Utay's bid is as genuine as Ricketts', NOT just a PR move by Zell. Zell would prefer the Utay deal because (1) Zell wants the deal financed and (2)the $$ are bigger.
#4 Re: TCR Tuesday Notes
thnx...updated the story
#7 Re: TCR Tuesday Notes
Just briefly hear something about it on WBBM (the all news station in Chicago) saying that the new guy's deal looks better because it involves more cash and less debt than the Ricketts offer.
#8 Re: TCR Tuesday Notes
dueling stories then as that is the opposite of the Crain's story and previous reports on why the Ricketts offer was taken in the first place was because it was for more cash and less debt than the other offers.
I suppose we'll see...
#9 Re: TCR Tuesday Notes
I should know more about this, but can someone explain to me why there can be any other bidders at this point? I thought that the Ricketts just won out on the bidding when this was done over the winter.
Also, in a short format, what is the next step once a bidder is choosen? Does it go to the bankruptcy court or the MLB first?
#12 Re: TCR Tuesday Notes
I would think it would go to the bankruptcy court first. MLB approval is the final step, once that is given the deal is done.
#15 Re: TCR Tuesday Notes
accoring to Levine in the link just below, major league baseball would look at the "contract draft" and could approve it by this weekend with a final 75% approval vote taking place in August (usually a formality).
Not sure when bankruptcy court would look at everything, but I'm guessing it takes some time to get that scheduled and for the most part would also be a formality, although I guess they now could have their say on which offer they prefer.
#13 Re: TCR Tuesday Notes
when they picked the Ricketts deal originally, the two parties entered an exclusive negotiating window (I believe 90 days) to complete the deal. It was not completed within that time period, so Trib could reopen talks which they did with the Utay group while still talking with the Ricketts. It's my understanding Trib preferred the Utay deal, but the Ricketts deal had a better chance of getting past the bankruptcy court and major leagues for approval.
Levine runs down the sale process here:
http://espn.go.com/chicago/columns/blog?post=43092...
#10 Re: TCR Tuesday Notes
fwiw, every news story I've pulled up (which all seem to take from each other) says the Utay deal is higher than Ricketts offer but less cash upfront.
also, the Sun-Times says this 2nd deal is B.S.
http://www.suntimes.com/business/1654892,w-tribune...
The Cbs online story seems to just be quoting the Crain's story...
http://cbs2chicago.com/local/cubs.sale.utay.2.1075...
#20 Re: TCR Tuesday Notes
http://www.mediapost.com/publications/?fa=Articles...
However, Tribune boss Sam Zell had hoped to
get $1 billion or more for the franchise; the deal is certainly still a
step down from the $1.3 billion offered by sports franchise impresario
Mark Cuban, according to a New York Times report from last
August. That deal was effectively scuttled when Cuban was charged with
insider trading by the SEC in November. This last-minute foul-up sent
Zell scrambling to find another buyer for the franchise.
#27 Re: TCR Tuesday Notes
My gut is taking the Sun-Times position that this is all bullshit to try to squeeze Ricketts more.
#40 Re: TCR Tuesday Notes
The Utay deal is likely just a failsafe incase MLB or the bankruptcy judge have an issue with the Ricketts deal and they dont want to make the changes. Just get this thing over with by October so we can spend cash in the off-season, its not like a big impact player is going to be avalible at the deadline.
#42 Re: TCR Tuesday Notes
My understanding is that it would be offered as a point of reference for the bankruptcy court, part of showing that due diligence has been done in finding the best offer.
#60 Re: TCR Tuesday Notes
"Just get this thing over with by October so we can spend cash in the off-season . . ."
I don't understand this sentiment. I just don't get it.
What does a franchise have to do to prove to its fans that high-priced free agents tend to be bums?
Once upon a time, the Braves had two players named Jones who were future hall-of-famers. One of them was allowed to become a free agent.
Was he the real future hall-of-famer, or the bust/bum?
#68 Re: TCR Tuesday Notes
Once upon a time the Braves signed a pitcher named Greg Maddux to the richest pitcher FA deal ever. How'd that go?
#73 Re: TCR Tuesday Notes
That's true, and I'm sure there are other examples, including Lilly and DeRosa, but Hendry's streak right now is Soriano, Fukudome and Bradley, and Hendry is the one whose wallet people want to stuff with more dough.
Maddux was always a keeper, as even the Cubs dimly perceived. Most teams would have held on to him. It's the bounce-around guys like Soriano and Bradley who are poison.
#74 Re: TCR Tuesday Notes
DeRosa, Lilly and Marquis were signed in the same off-season as Soriano.
#5 Re: TCR Tuesday Notes
Actually, among pitchers in the NL with 50 innings or more, Wells is 34th out of 79 in difficulty of opponent OPS against (0.725), and he has faced the toughest hitters in comparison to the rest of the staff (although the differences are small - ~0.05 to -0.10 points of OPS). He's also 2nd in VORP among rookie pitchers after last night's outing. He's a pleasure to watch - mixing pitches and location and throwing strikes.
#6 Re: TCR Tuesday Notes
A far more sophisticated analysis than I attempted...thanks. As I said, I wasn't sure I had a point and it doesn't seem like I did.
#11 Re: TCR Tuesday Notes
No problem - you were more than clear about the hypothetical nature of your musings. In reality, Wells really does have it easy (as does everyone in the Senior Circuit): in comparison, the 34th toughest opposition OPS in the AL is .754.
#19 Re: TCR Tuesday Notes
Every pitcher on the Cubs should get an added degree of difficulty simply by virtue of not getting to face their own lineup.
#21 Re: TCR Tuesday Notes
is .03 a big difference?
#14 Re: TCR Tuesday Notes
Brett Jackson drove in the tying and winning runs last night with a triple in the bottom of the 7th. Boise 5-4 over Eugene.
#17 No DeRosa ovations this weekend?
We can cheer that he won't burn us this weekend...
DeRosa to the 15 day DL, retroactive to July 1st for a sprained wrist
reported by Rotoworld but confirmed on the Cardinals.com site by an insert with the update to an old article on him getting an MRI. No word on what the MRI showed as far as I can find.
http://stlouis.cardinals.mlb.com/news/article.jsp?...
#18 Re: TCR Tuesday Notes
Sabathia to the Brewers
...oh crap, that article is exactly a year old.
http://mlb.mlb.com/news/article.jsp?ymd=20080707&c...
#22 Re: TCR Tuesday Notes
Exactly HOW does Jason Marquis have 11 wins?
#23 Re: TCR Tuesday Notes
He has pitched very well, which isn't that much of a surprise since he's always pitched well in the first half. His career record before the all star break is 60-38, a .612 winning percentage, with a 4.16 era. In the second half he has a carer mark of 30-37, .448, with a 4.93 era. And he's in a contract year.
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