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
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.
that's awesome...makes me look forward to hearing theo talk some more about how the team needs to be creative with finances because money is tight.
See What The Cubs Are Building This Off-Season For Wrigley Plaza, Clubhouse
CUBBIES-4-EVER: It's not unusual for a PTBNL to be chosen after the Rule 5 Draft from the list of Rule 5 eligible players who were not selected. That way, a club gets a player they like (perhaps somebody like OF Jeffrey Baez) without the cumbersome Rule 5 roster restrictions that go with a Rule 5 Draft pick.
Clayton Richard is absolutely, positively NOT a free-agent. He is under club control through the 2016 season.
Haren was 4-2 with a 4.01 ERA with the Cubs. Seems like he worked out just as expected.
Did they ever say or who the PTBNL or cash decision on Rodney was or who was the PTBNL in the Austin Jackson deal was yet? Neither was worth whatever they gave up. Cahill and Richard were the only two good "deadline" deals they made. Hunter (given Lake was the odd man out by far and taking up a roster spot) and Haren weren't worth it.
MLB.com says he is, cubs.com site says he's a Cub, great cooperation between the 2 sites, weird
The drafting of Shea at #1 was a sign of things to come -- an undersized white linebacker who's not particularly fast; lets make him an NFL defensive end! Just idiotic. When the best thing you can say about your #1 pick is that he has a "high motor", that's a problem...that's what you should say about late-round picks.
Not AZ PHIL but after being DFA'd by the Cubs (after they got him from the Pirates in the "I get a chance in the Majors clause"), the Cubs re-signed him for the remainder of the season. I do not believe service time is an issue for him, so he is eligible to opt for Major League Free Agency - which he is doing and the Cubs or someone else will sign him to an MLB deal. AZ PHIL please correct this if you see fit - but that is the most current info that I'm aware of.
To also be fair to Emery, wtf do you draft Shea McLellin as a #1, Jonathan Bostic in the same draft, let Peppers go in lieu of signing Jared Shit-Head, Brandon Hardin, Evan Rodriguez, Isiah Frey, on and on...
I will give him credit for Kyle Long - who is like my favorite player (what does THAT say about the team - but he did throw in the 90's as a former pitcher), and Jeffrey.
Geo Soto leaves the WSux and signs with the Angels who lost Chris Ianetta to the Mariners.
Freed... The Angels also promoted Bobby Scales from director of player development to special assistant
AZ PHIL- Is Clayton Richard a free agent or not? One site I see he is, on another no. MLB has him listed as a free agent, Cot's contracts says he is a FA, baseball-reference says he's not, but Cubs have him on active roster. I know that he is just short of MLB 6 years service by just like 15 days, but that doesn't always matter.
Except that he gave up Russell and McKinney for a half-season of Hammel...
Beane cam at least point and laugh at Hammel.
The genius Angelo traded Olsen at Martzs request
Maybe Theo will sign Shark just so he can call Billy Beane and say: "Let's see...Russell? Check. McKinney? Check. Hammel? Check. Ninja? Check. Any other deals?"