MLB Approves Cubs Sale
The major league baseball owners have unanimously approved the sale of the Cubs to the Ricketts family. According to the Sporting News article, there are still a few hoops to jump through before the Ricketts officially take over day-to-day control of the team, which should hopefully happen before the end of the month.
The franchise still has to go through a 24-hour "pre-packaged
bankruptcy," which the Tribune reports will take place next Monday or
Tuesday. When that step is finalized, the banks financing the deal will
have a "10 day cooling off period" before they have to fund the deal.
When they do take over, Ricketts and Hendry will get to have this conversation (the following brilliance is from Andy Dolan at Desipio):
Jim Hendry: Mr. Ricketts, I need to talk to you about what we’re going to do with Milton Bradley.
Tom Ricketts: Sure, I knew this was coming.
JH: We owe him $21 million the next two years, but
we have to move him. We can’t possibly try to put him back in that
clubhouse with those players. They hate him.
TR: Fine. What are we looking at in return?
JH: Honestly, not much. There are only a few teams
that have any interest at all, and they don’t want to pay much of his
salary, and they don’t want to give up any real prospects. The best we
could do would be to trade for a player with a bigger contract, like
Aaron Rowand or Chris Young, and even then we’ll have to eat some of
TR: So we’re in a position where we’re going to pay a guy to not play for us?
JH: I think we have to. It’s better to pay him to not play here, than have him here poisoning the team and not producing.
TR: So it’s your opinion, that the best solution to
this is to not try to make something that’s not working, work, but
instead to cut the cord and eat the money and bring in somebody better
equipped to do the job?
JH: Exactly. Sometimes it’s the best thing.
TR: For example, you have three years and $9 million left on your deal, right?
TR: So how about this? How about I eat that nine
million bucks, and pay you to not screw up our roster and our payroll
anymore, and bring in somebody else to do the job, instead of having
you try…again…to find somebody to bat lefthanded and not poison the
clubhouse and underperform? Because, as you read in the papers for
months, I need to decide what to do with Kenney. He thinks he’s going
to stay on to handle the Wrigley Field renovations and be your boss.
But I could bring in a baseball guy like John Schuerholz or Sandy
Alderson to be the president, and instead of having them be your boss,
they could just do your job.
JH: Uh…I guess.
TR: Great. Now why don’t you and Crane leak that
to your little toadies, Levine and Kaplan? I’ve got a completely
fucked up payroll to worry about.
Speaking of the payroll, Arizona Phil has updated the right sidebar with the latest estimates. The Cubs are on the hook for $118M in guaranteed contracts and an estimated $18 million if they auto-renew and sign all their arbitration eligible players (which they probably won't). That puts the grand total at around $136M before any dealmaking gets under way.
supposedly jed "who?" hoyer, too
same...i just happen to not like sitting through shit sandwich meals for multiple years. baseball is kinda boring when you're punting on 1st down for a slew of years in a row.
i fully understand why it was done, but i didn't enjoy it. there was more than one way to get competitive and this was the chosen way.
fwiw, apparently McLeod signed extension as well after he didn't get Twins gig.
I am once again reminded why I am happy that Theo is running the organization.
if not they can just intentionally tank the team for 3-4 years and rebuild.
Hopefully after the Cubs complete their sevenpeat :)
They're the best in the business and have been for 12 years running now. The only question is when they'll get bored of it.
I was right here. I don't require my GM's to be perfect, but I would like them to understand what wins baseball games (IMO controlling the strike zone and creating/avoiding outs), and knowing where the organization is in the success cycle.
Theo and company have made and will make plenty of mistakes, but they seem to understand those two items pretty well.
Now we're all Theo-believers, where were you when he signed Edwin Jackson? Or how about trading away DJ Lemehaiu? And not signing Samardzija to an extension? Or not pursuing Prince Fielder or Albert Pujols? Or signing Lester? Or trading away Cashner, Dempster, Feldman, etc?...I think I'm losing the narrative here.
So his deal runs through 2021? Which pretty much coincides when all these guys are due to hit free agency.
"Terms of the deal were not disclosed."
Theo inks five year extension
PC tonite at PNC
Not as a major factor, but could be a tie-breaker. But, yeah, on performance and experience, it's Coghlan.
Arrieta’s 2.85 ERA would be good enough to lead 26 other teams. He's 3rd on #Cubs behind Hendricks (1.99) and Lester (2.28)
Meanwhile on the SouthSide
For sure! Russell and Baez are the first infielders in a while to make me think of star defensive players in football or basketball--it's almost like they force turnovers, and they definitely play the field with a degree of athletic aggression I'd expect from a linebacker.
[Edit: Was meant to be a response to JB above.]
tebow hit a HR in the 1st pitch he sees in instructs..lulz.