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
Milton’s contract.

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?

JH: Uh…yeah.

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.

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Comments

but Miggy the town drunk just dropped a 400+ foot two run bomb on the Twins. He's got a double and a HR so far.

3-0 Tigers bottom of the third.

he also blew 3x the legal limit 12-ish hours before the game before this one.

way to prepare for an important game.

3-0, HR by fat Miggy

http://itmightbedangerous.blogspot.com/2009/10/las...

neat entry on the personal side of the business...

http://www.chicagotribune.com/sports/baseball/cubs...

http://www.suntimes.com/sports/baseball/cubs/18082...

Grabow wants a 3-yr deal according to Sullivan(dear god don't give it to him unless it's for $1M a year),

Johnson or Fuld (why not both?)...Gordy thinks they'll resign Reed if he doesn't get too expensive

Fox, Fontenot likely on the block (think we can get Lincecum for them?)

Gordy thinks they can unload Bradley and not have to eat 80% or more of his contract (I guess 75% is okay)

help...please take our .370-.400 ob% hitter off our hands...he's prone to being unhappy. we'll pay you!

i still can't believe hendry/lou bought a pit bull, ignored it, let it socialize itself around the house without much guidance, and then was shocked when it bit someone. way to go.

Why do you always mention that he is a .370-.400 OBP hitter? Why don't you also mention he will miss 2 months worth of AB's a season, struggle to get 50 RBI or even over 100 hits in a single season and his slugging % was a pathetic .397.

His career OPS is .821, his OPS this season is .775. So he isn't going to be much better than what he was this past season. What he did in Texas is out of proportion from what he did the rest of his career. It screams career year to never be matched again.

But not many guys are hanging their hats on a 22 HR 77 RBI season as their best ever and thinking their a great hitter. Well unless your Jim Hendry and the Chicago Cubs offering 3 years 30 million for a 1 season 70 RBI hitter at age 31.

well, the main point is the cubs are giving away a .370+ ob% guy...paying him to go away...because they bought a dog and decided to tie it up in the yard.

and we've gone over the "texas thing" before...i expect 30+doubles, 15-25 HR production out of him...it wouldn't be even mildly shocking to see milton hit 25 homers. i don't...and never have...expected him to be some ungodly power hitter. he does have gap+ power, though.

the cubs are about to pay a team to take a .370+ ob% who has more power potential than fuku away for things unrelated to what he does on the field. great stuff.

I liked the pit bull analogy, btw.

i'm just geting sick of called bradley a baby...paying homage to his irrational side.

$10 million for 15 HR's or so? He's never hit 25 HR's in a season...so why expect that? At age 31...seriously? 30 doubles? it's not like he does that every season.

Who knew that you only paid money for home runs these days?

BTW... ya'll should check out a pretty decent GM talking about home runs and RBI compared to OBP, SLUG, OPS, etc..

Money quote (paraphrased), in saying why JD Drew is good: "He is always going to have low RBI totals - I couldn't care less. ...
He does the single most important thing you can do in baseball - not make outs."

I agree. And a guy being a prick and prima donna hanging around the clubhouse doesn't have any effect on the team. Stats are what really matter.

Can you imagine? Montreal, Cleveland, Los Angeles(AL), Los Angeles (NL), Oakland, San Diego, Texas, and now the Cubs... getting rid of this guy. If they could just uncover the great and secret stat "OBP" they would realize his true value. Alas! how naive are these GMs?

Maybe Theo Epstein would take Milton Bradley since he loves OBP so much? Something tells me, though, Milton Bradley doesn't suit up as a Red Sox next year.

Just for the sake of Milty accuracy, he never played for the Angels.

You are a broken record.

I didn't say anything about Bradley's attitude (though, of course, JD Drew has often been criticized for many of the same things that Bradley gets criticized for).

I was simply responding to the silly, "$10M for 15 HR" comment.

But, FWIW, I think that if Bradley was better in April and May, then yea, his attitude wouldn't have mattered.

Ok....$10 million for the turd of a season MB had?

Oh...and his June wan't too hot either...273/.377/.348, 0 HR, 3 RBI, but an amazing 5 doubles. Please note sarcasm.

Bradley didn't get paid $10M for this past season. Good try though.

Ok. $7 million for this turd of a season??

Is that better?

Hey...another often injured, low production guy. Couldn't we get a guy who gets on base...AND drives in runs?

Yup... you are right. You know more about baseball and putting together a team than Theo Epstein does.

Did you even listen to what Epstein said?

I certainly don't know more than him. More than you? go get your magnifying glass to find any more rounding errors or something...

More than you? go get your magnifying glass to find any more rounding errors or something...

Awesome... when you have nothing of substance to day, resort to personal attacks. Are you MikeC/Real Neal now?

Once again - did you even listen to the Epstein piece?

...says the King of personal attacks..ok the Prince...Silent Towel, RIP...

say what? Dave may argue a point strongly, but there's not of personal attacks that come from him...

I would say Real Neal was the King of personal attacks, but he's backed off that significantly in recent months unless provoked.

As always, I'm the King of Idiots.

"For I am Costanza, Lord of the Idiots."

Fine..I humbly apologize, I am in awe of his knowledge and poignancy in his posts.

Seriously?

Huh? Please point out these alleged personal attacks.

I am not saying that I have never made any, but I try very hard to avoid them, and I don't think that you will be able to find many of them.

Dave is king of the Huh?, not personal attacks.

Well played.

finally had a chance to listen to it...

thanks for the link.

"based on his skillset, he'll always have underwhelming RBI totals and I couldn't care less. When you're putting together a winning team, that honestly doesn't matter. When you have a player that takes a ton of walks, who doesn't put the ball in play at an above average rate and is a certain type of hitter, he's not gonna drive in a lot of runs."

ah, music to my ears...

He then goes into JD scoring a ton of runs on a rate basis...quick look and he scores a run around 14-17% per plate appearance, 16% for his career. Bradley scored at just 12.9% this year, around 15% the few years prior, but just 13.23% for his career. I don't know what the league average is, Pujols scored at a 17.7% rate per plate appearance, Pedroia at 16.1%, Ryan Howard scored at a 14.9% rate, Soriano at 12.2%

Runs scored is of course a function of getting on-base, baserunning,  as well as the hitters behind you..and the HR's you hit...

Bradley sort of bounced around the order this year, he had Lee an Ramirez behind him briefly in April/May and part of June, then a good stretch of Fontenot, Soto and Soriano, then back to Lee and Ramirez in August.

Back to Theo, GM of 2 World Series champion teams...

"he does the single most important thing you can do in baseball as an offensive player, that's not make outs.......and he's a real good baserunner."

(slight paraphrasing) "you can talk about RBI's if you want, we ignore them in the front office, and we built a pretty good offense, if you want to talk about RBI's, talk about them as a percentage of opportunities. It's just simply not something we use to evaluate offensive players."

 

Reading those links gives me no confidence that this organization is going to make the right moves this offseason.

hammels supposedly getting the game 3 start over marquis for COL for those keeping track...delarosa out due to a groin thing

Hammel vs Hamels?

pickle surprise!

The sale is finally (99%) over, thank the gods.

I'd like to have the cash Ricketts will spend just to furnish his spiffy new office at Wrigley. I see a solid gold urinal and a bust of Marla Collins.

"a busty Marla Collins."

is there another kind?

with a 2-run HR, 4-3 Twins in the 7th...fun stuff.

"Johnson or Fuld (why not both?)...Gordy thinks they'll resign Reed if he doesn't get too expensive

Fox, Fontenot likely on the block (think we can get Lincecum for them?)

Gordy thinks they can unload Bradley and not have to eat 80% or more of his contract (I guess 75% is okay)"

Fuld. Johnson is gonna want too much. Or, rather, Hendry will OFFER him TOO much. They are the same guy. Reed can hit a little better. Fuld is younger, faster, with a better arm.

Also, can Hendry pay some of the Bradley salary loss?

I agree on the Fuld and Hendry remarks, though Fuld has also been a bit more injury prone throughout his career.

I was going to say it seems like Hendry is the only one he doesn't hold responsible for the sub-par season, but it looks like Lou is getting off pretty easy as well.

Who resurrected Magglio Ordonez?

the most ridiculously named award ever...

http://mlb.mlb.com/news/press_releases/press_relea...

"Sharp, the presenting sponsor of the National League Player of the Month Award, presents Derrek Lee with a 52" AQUOS®."

...well damn.

don't teams usually have 5 OF'ers? Why can't we have both?

Fox and Hoff aren't going to be around imo, Lou barely used them in the outfield, I don't think he's going to have en epiphany about it this offseason, especially with there supposed stress on speed.

Reed's a better platoon partner for Fukudome than Fuld and Fuld can be their speed guy off the bench that they want and not too bad a fill-in when Soriano, Fuku or new RFer (or CFer if they move Fuku over).

Now if they sign Figgins, who can play all 3 OF spots if needed, I could see them going with just one extra OF'er.

Speaking of deals, heard Kelly Johnson could be on the block? Any interest? Always liked him, but he's also been rather disappointing the last 2 years...has had some knee problems.

always important to check the option years here...

Fuld - 1, Hoff - 1, Fox - 0

I'll be amazed if Fox isn't traded this offseason.

Gorzelanny is also out of options which should make that 5th starter race interesting

I think Fuld and Fox should constitute OFer's #4 and 5

No arbitration to Reed Johnson. Why overpay for him when he is nothing close to a difference maker?

Grabow asking for 3 years makes me think he will turn down arbitration. So offer it to him. Take the picks and build up the system.

sure, we all may think Fox should be one of the bench guys, but Lou played Taguchi, Scales, Fuld, Colvin all ahead of him. And he's got no options left....

Your team would have to be run by someone exceptionally stupid to sign John Grabow and cost a first round draft pick. Didn't almost all the LOOGIES last year last until March and end up on one year deals?

The downside is?..... Bringing Grabow back on a 1yr deal. Certainly better than letting Hendry figure out his market value over a 3 year deal IMHO.

If the dude couldn't get ABs at third base instead of Miles and Fontenot, it's utterly hopeless. Let's trade him for a non-prospect, then figure out how to get Lou his "big RBI bat."

Puke.

This Det @ Min game is one for the ages.

Let the line drives go through.

Theriot flew into Detroit yesterday to give them some baserunning lessons.

The play by Inge in the bottom of the 9th probably supplants Wise's grab as the money defensive play of the year.

from the Orlando Cabrera game to the Inge game...

epic in progress...tied again.

WOW! Twins!!!

I had the pleasure of seeing the Twins pound the Cubs twice this summer. Once with CUBSTER.

There cannot be two different organizations.

Incredible.

EDIT: "pleasure" in a facetious way.

The Twins also beat the Cubbies two of three their last trip to the Dome. Not much of a surprise there.

...and OVER! As the Twins win it in 12 with a walk-off single, 6-5.

Twins now 1-1 in game #163, also averaging 163 games over the last two years

from the redundant dept of redundancy

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  • RIP Arnie. We could use a lot more like you -- a man who succeeded and failed on his own terms, a true original, and, finally, a remarkable example of graciousness towards others.

    billybucks 6 hours 57 min ago view
  • Cubs finish 33 over at home. I was, personally, one game over at 3-2, which was one of my better years in a while.

    I do hope that's the last time we see the Cardinals this year. A lot of power, which is dangerous, particularly in a short series, and they have really shut down KB all year.

    Oh, and Jon Lester? Damn!

    billybucks 7 hours 9 min ago view
  • Yes. Boating accident at 3AM. Very sad, but stupid. Young men do stupid things.

    billybucks 8 hours 4 min ago view
  • lester puts 2 on and is taken out at 96 pitches. oh well.

    edwards in.

    crunch 8 hours 48 min ago view
  • 2 out in the 7th, lester at 84 pitches, ross taken out for the standing O.

    it's possible contreras will catch lester for another inning+.

    crunch 8 hours 55 min ago view
  • What a weird day.  Jose Fernandez and Arnold Palmer, but then Scully and, on a much more modest level, Ross....

    Transmission 9 hours 28 min ago view
  • d.ross gets his 2nd standing O on the night (last home game of the season)...hits HR #10...curtain call. baseball.

    crunch 9 hours 31 min ago view
  • as a fan, he only "owes" us the game on the field and not getting in the way of others on his team being ready to play (imo).

    it's exponentially worse to his family and friends, but this dude most likely had 15+ years of play left and even though he just turned 24 a couple months ago he had already established himself as a top guy in the game.

    crunch 12 hours 53 min ago view
  • Carrie Muskat [email protected]

    Updated #Cubs probs vs Pirates: Mon, Hendricks vs Kuhl; Tue, Lackey vs Vogelsong; Wed, Arrieta vs Taillon; Thu, Zastryzny vs Nova

    crunch 13 hours 15 min ago view
  • I know what you're trying to say, Charlie, that none of us feels what his loved ones must be feeling.

    On the other hand, what makes a death like this tragic is precisely the loss, based on Fernandez's youth and brilliance, to the baseball world.

    So, for example, we can say that Princess Diana's death meant more, in aggregate, to millions of admirers who didn't know her personally than to her loved ones.

    VirginiaPhil 13 hours 16 min ago view
  • boston pitching snags a couple of mlb team records...

    "Over nine innings of play, Boston's staff struck out 11 straight Tampa Bay Rays hitters Sunday, breaking the major-league record for most consecutive strikeouts in a game.

    The previous record was held by former New York Mets right-hander Tom Seaver, who struck out 10 straight hitters in 1970.

    Not only that, but with a strikeout to end the ninth, sending the game into extras, Boston's staff also struck out an MLB-record 21 batters over nine innings."

    crunch 13 hours 41 min ago view
  • What a loss to baseball, which I'm sure pales in comparison to the personal loss to his loved ones.

    Charlie 15 hours 25 min ago view
  • Somehow I am sensing alcohol was involved. The highest number of boating accidents by a wide margin...

    The E-Man 16 hours 8 min ago view
  • crunch 17 hours 51 min ago view
  • Reports this morning that Marlins' pitching ace Jose Fernandez died in a boating accident - just horrible news.

    Eric S 21 hours 43 min ago view
  • Check out John Arguello at Cubs Den for great analysis & photos from Cubs AZ Instructs

    link

    Arizona Phil 1 day 9 hours ago view