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.
May their next game go 26 innngs..and get suspended.
So many memories from this game -- Javy's HR, Grimm's Ks, Soler's throw, Schwarber's ridiculous bomb, Strop overcoming his demons, Lackey screaming at himself after giving up the hit to Hammel....just awesome stuff.
dodgers win...1 more game of pitcher use on the mets and dodgers (degrom + greenkey)
maddon is easily one of the best managers out there, that's why he's getting paid huge for someone that doesn't have to rent/own in NYC/LA.
for the most part there's 2-3-5 of guys on that level, and 25-28 other teams trying to find a guy who's capable. they can also go out of favor rather quickly (m.sciossa recently). last year's NL MOY didn't make it a full year into 2015 before getting fired.
no matter how one feels about how it could have been done cheaper with less commitment, we only know how this way is working out. it's been awesome so far.
Agree. It could not be more perfect that we beat the Cardinals in this ascendant season of all seasons, and in the first postseason series we ever saw them in.
I think all we can say is, "Okay, let's go on to the next series and see what happens." And how indescribably awesome is it to be able to say that on this date in this year.
Thanks, O&B. So funny about our age. Let's just say- I have always wondered why Durocher didn't give Hundley a few days off when he had Gene Oliver and John Boccabella on the bench.
Strop K'ing Peralta to start the 8th, given their history -- what a fantastic moment! And Javy bouncing back -- big time -- form yesterday's games.
Contributions from literally everyone in this series -- Soler and Schwarber were off the charts -- Miggy's pick-off was awesome.
This team is just so much damn fun.
Wish I knew how to post a pic. Both CUBSTER & I in attendance. I finally feel like some demons have been vanquished, and there is some magic here.
Joe Maddon is far and away the best manager I have seen work for my team.
pretty much this. also, a magician.
Madden brought it in some lions and sharks to Wrigley Field and let them eat people
What did I miss?
I think Strop deserves a very special mention. He had so many struggles against the Cardinals but pitched two successful and very high pressure innings the last two games against them and looked nasty doing so.
How about this, the Cubs are 10-1 over the last 3 weeks.
I was thinking about it earlier that the Cubs are 101-66 and the Cards 101-65...but, does anyone outside of the two of us ever calculate records including post season? Don't think I've seen that ever before.