Non-Sale-of-Cubs Stories Rapidly Gaining on Non-Acquisition-of-Brian-Roberts Stories

With all of the excitement—and by excitment, I mean disgust—over the likely Cubs signing of Jim Edmonds, there wasn't an opening here yesterday to note the snag in efforts to peddle Wrigley Field to the Illinois Sports Facilities Authority.

The Sun-Times reported Tuesday morning that the state agency and Tribune Company owner Sam Zell had failed to reach an agreement because the state's offer relied...

...on a novel and untested financing plan: the sale of
individual seats at Wrigley as if they were condominiums. The idea is
called equity seat rights and has been advanced by Chicago area
business executive Lou Weisbach, who has applied for patent rights on
it.

Zell, Cubs Chairman Crane Kenney and their advisers have concluded
that the equity plan and its tax ramifications would violate both the
Internal Revenue Service code and the rules of Major League Baseball...sources said.

Very late Tuesday night, however, the Tribune reported that the ISFA and Zell will continue their negotiations and that "sources said...the media conglomerate is privately
indicating it might hold off selling the ballclub if the inevitable
need for costly repairs at the antiquated ballpark significantly
discounts the bids it fields for the team."

Tribune Company is due to begin paying down its debt with the banks on December 4th, when a $650 million payment will be required. At one point, it was thought this might ensure the sale of Wrigley Field and the Cubs before the end of 2008. But Zell's recent agreement to sell Newsday, a deal that will net Tribune Company about $630 million in cash, gives the foul-mouthed billionaire the latitude to take his time negotiating the sale of the ballpark and the team.

 

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Comments

I watched a very over-the-hill Edmonds struggle in San Diego. If the Cubs scouted him, they should have seen it, too.

The SunTimes' GREG COUCH just officially consigned FELIX PIE to the Cubs' pile of flopped top prospects.

http://www.suntimes.com/sports/couch/948348,CST-SP...

that's kinda like bill o'reilly calling something liberal.

when's couch not tearing something down or declaring things finalized?

decent article, but littered with his usual extreme writing and some "what-if's" that are declared stone cold realities.

seems he writes a "oops, i screwed up when i said earlier..." article for every handful of rants he goes off on.

This centerfield thing is getting ridiculous. Thirty five years since we had Monday out there and we still haven't found a good one. One year of Dernier being decent, one year of Walton being decent and that's it.

I think in 85 or 86 we had Dave Lopes in center for awhile, when he was 72. One year even Leon Durham got a few chances there. I think that was 82 or 83. I guess Lofton was good for half a season. Other than that, nothing.

Maybe we can bring back Mitch Webster.

Patterson was good for half a season (before his injury).

.298 / .329 / .511

What, you didn't get enough stability from Jerry Morales and Jerry Martin?

Sosa was acquired with the intent to start him in CF and he gave us a full season at CF I believe. And then pushed to a corner OF slot by Tuffy Rhodes.

Didn't Morales play more leftfield than center? I was thinking he was around at the same time as Monday, at least the first time he was here.

Patterson was good for half a year and Lofton for the other half. One good year in center between the two of them anyway.

We had the same problem finding someone for 3B since Santo and we finally got ARam. I'm confident we'll work out CF before long.

For the love of Harry Caray, somebody please change that "Featured Post" picture... I wanna head butt my monitor every time I see it.

EDIT: Looks like it changed write after I wrote this. I AM A GOD!

What an improvement! She's got a much better center field.

I am enjoying her right and left myself

Perhaps the pic should be moved to the TCR Approved Section of the website.

so you can buy those on Amazon?

Great typo from BleacherReport.com:

"Edmonds will likely clean waivers Wednesday after being released by the San Diego Padres recently."

From MLB to cleaning waivers -- you'd think Edmonds would have saved some of his salary over the years.

Here's the link: http://bleacherreport.com/articles/22967-MLB-Rumor...

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  • Sorry, how are the Cubs getting a pick out of this?

    Rob G. 1 min 53 sec ago view
  • Besides what he adds to the Cubs bullpen, getting Aroldis Chapman means the Giants and Nationals (and Indians) can't get him, and that could be important come the post-season. 

    When the opponent knows Chapman is out there ready to pitch in the 9th, it can cause the other team to alter their strategy and play things differently than they otherwise might prefer to play things in the 6th, 7th, and 8th innings. 

    Arizona Phil 3 min 43 sec ago view
  • thats a lot for 2-3 months....beyond Torres it's a lot of organizational depth, but hate to use your best prospect for a rental.

    Rob G. 5 min 58 sec ago view
  • chap's a FA after this season. 2-3 months of chapman and a sandwich pick after the 1st round (stay healthy chap) seems to be the "worst" outcome, but damn they're giving up a hell of a piece in torres.

    i don't care that torres is blocked...i just think something more valuable/controlled can come from trading away a guy like him.

    crunch 18 min 38 sec ago view
  • "According to USA Today's Bob Nightengale, the Cubs will not have a contract extension in place with Aroldis Chapman when their trade for the closer becomes official."

    hmmm.

    crunch 25 min 49 sec ago view
  • Per Patrick Mooney, it's SS Gleyber Torres, RHP Adam Warren, RF Billy McKinney, and CF Rashad Crawford for Aroldis Chapman 

    Arizona Phil 38 min 5 sec ago view
  • That is a hell of a lot if they don't get an extention done. I'm assuming Chapman is going to be the closer with Rondon in the 8th and Strop in the 7th. That sounds great but Rondon #s aren't as good in non-save situations so we'll see how he responds to being the setup man.

    johann 1 hour 2 min ago view
  • I certainly hope he signed an extension. I would have been ok with this package for Miller, it is too much for 2 (well 3, hopefully) of Chapman. Of course, we win the World Series, I will retract this immediately.

    twcoffee 1 hour 3 min ago view
  • @JonHeyman: Yanks and Cubs have a deal. Torres, mckinney, Warren and likely 1 more to NYY.

    CTSteve 1 hour 16 min ago view
  • Rumor McKinney part of package

    jacos 1 hour 19 min ago view
  • I would rather have Ian Happ at second.

    Rob Richardson 1 hour 56 min ago view
  • that is a hell of a lot of talent to shift for a reliever who's gonna get paid top-scale "free agent" type money in 2017+ after a 1/2 year rental for the remainder of 2016.

    crunch 2 hours 8 min ago view
  • Cubs are going to need a 2nd baseman of the future. I'm still not convinced Baez can be that offensively on an everyday basis.

    johann 2 hours 51 min ago view
  • Updating: Per @Joelsherman1, #Cubs-#Yankees trade, if completed, would be Chapman for Torres, Warren and likely two others.

    Can only imagine they'd only give that much up if he's signing an extension. 

    Rob G. 3 hours 5 min ago view
  • The official police report on Chapman:

    https://www.scribd.com/document/292708682/Chapman-...

    You can draw your own conclusions.

    Old and Blue 4 hours 59 min ago view
  • Where is he going to play for the Cubs?

    Rob Richardson 5 hours 25 min ago view