Cubs Sale
The Tom Ricketts Drinking Game
Tom Ricketts and family will be introduced to Cubs fans everywhere in a press conference on Friday morning at 11am CST and probably a couple dozen TV and radio interviews. To help you get through the day, I suggest grabbing your favorite alcoholic beverage(bring a thermos if you're at work) and follow along with this drinking game I designed.
Drink when:
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Ricketts Gets the Keys, Spring Training Update and Other Notes
- The Ricketts family are the new official owners of the Chicago Cubs and will have a press conference on Friday. Maybe they'll bring a new GM with them.
"My family and I are thrilled that this day has finally come and we thank Commissioner Bud Selig and Major League Baseball owners for approving our ownership," said Tom Ricketts. "Now we will go to work building the championship tradition that all Cubs fans so richly deserve.
- It's hard to tell how much is Chris DeLuca taking educated guesses or basing his column off some sources, but he seems to expect much of the same for the next two years with Ricketts in charge. Certainly don't expect a big jump in payroll (he throws out $143M) and Hendry isn't getting a blank check to rid himself of the Bradley mess.
What I Would Ask Mr. Ricketts
On Friday, the Cubs' new owner will be confronted by more microphones, cameras, and sweaty members of the press than I imagine he has ever been confronted by before. I predict he will say something to the effect of, "I can't give you a definite answer at this point, but that is absolutely something we are going to be looking at," more times than we'll be easily able to count. Nevertheless, after the ridiculously protracted sale process and with so many critical issues facing the team—from the immediate future of the leadership team to the long-term viability of Wrigley Field—I will join many of you in hanging on every word Ricketts has to say. (I've also never heard his voice, so I'm curious.)
Apart from all of the obvious questions Ricketts will face, probably multiple times, here are some questions I would ask if I had press credentials or the ingenuity to sneak in.
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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):
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Cubs Sale Done Just in Time for Trade Deadline
UPDATE: Bruce Levine has some pretty good info and runs down the steps for the sale to become official.The most important paragraph for those concerned with the 2009 season:
Sale of Cubs May Be Completed Before End of Civilization
Some more news has trickled out on the impending sale of the Cubs and Sam Zell is hinting that the Ricketts may not be the new owner afterall (emphasis added).
Cubs Sale Process Takes One Step Forward, Fifty Million Steps Back
It had been days since we'd heard a new reason why the Cubs-to-Ricketts deal still hasn't been closed, but then on Monday, Crain's Chicago Business ended the wait:
TCR Donation Drive for $25 Million
I'm not sure if I should be worried about this piece of news, but supposedly soon-to-be new Cubs owner Tom Ricketts is trying to raise $100M in capital from private investors.
According to Crain’s Chicago Business, Tom Ricketts is looking for five to 10 people who could each come up with $25 million.
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Mr. One-Hitter Comes Through in Wrigley Opener
Notes following a successful home opener and heading into a well-deserved off day for the 5-2 Cubs:
-- It was just last September 15th, the day after Carlos Zambrano no-hit the Astros at Miller Park, when Ted Lilly held Houston hitless until the seventh inning before Mark Loretta stroked a clean, line-drive single tp recprd the Astros' only hit of the night.
That evening, Lilly, Jeff Samardzija (remember him?), Carlos Marmol, and Bobby Howry combined for the one-hit victory.
In this afternoon's home opener against the Rockies, Lilly was followed to the mound by Angel Guzman (1/3 IP), Aaron Heilman (1 IP), and Kevin Gregg (1 IP). It's the fourth time in Cub history that at least four pitchers have pooled their efforts to throw a one-hitter.
-- This afternoon's patchwork lineup, necessitated by Milton Bradley's sore groin, Aramis Ramirez's achy back, and Geovany Soto's bum shoulder, accepted nine walks by Colorado pitchers. That's 19 BBs in the last two games and five runs scored on bases-loaded walks.
Of course, scoring on a bases-loaded walk is no way to strike terror into the hearts of the rest of the National League, but on a day as cold and hitter-unfriendly as today was, it's not a bad way to go.
Cuban's Chances of Getting Cubs Go from "Zero" to Something Less
As several readers have noted in the Comments, Mark Cuban has been charged with insider trading by the SEC "over his sale of shares in Internet company Mamma.com after he learned it was raising money through a private financing."
If any of the clowns who were already resolved to vote against Cuban's quest to buy the Cubs were looking for a pre-emptory "I told you so," I guess they have it.
Recent comments
crunch (view)
SF snags b.snell...2/62m
Cubster (view)
AZ Phil: THAT is an awesome report worth multiple thanks. I’m sure it will be worth reposting in an “I told you so” in about 2-3 years.
Arizona Phil (view)
The actual deadline to select a post-2023 Article XX-B MLB free agent signed to 2024 minor league contract (Cooper, Edwards, and Peralta) to the MLB 40-man roster is not MLB Opening Day, it is 12 PM (Eastern) this coming Sunday (3/24).
However, the Cubs could notify the player prior to the deadline that the player is not going to get added to the 40 on Sunday, which would allow the player to opt out early. Otherwise the player can opt out anytime after the Sunday deadline (if he was not added to the 40 by that time).
Arizona Phil (view)
Today is an off day for both the Cubs MLB players and the Cubs minor league players.
Arizona Phil (view)
For those of you keeping track, so far nine players have been called up to Mesa from the Cubs Dominican Academy for Minor League Camp and they will be playing in the ACL in 2024:
* bats or throws left
Angel Cepeda, INF
* Miguel Cruz, P
Yidel Diaz, C
* Albert Gutierrez, 1B
Fraiman Marte, P
Francis Reynoso, P (ex-1B)
Derniche Valdez, INF
Edward Vargas, OF
Jeral Vizcaino, P
And once again, despite what you might read at Baseball Reference and at milb.com, Albert Gutierrez is absolutely positively a left-handed hitter (only), NOT a right-handed hitter.
Probably not too surprisingly, D. Valdez was the Cubs #1 prospect in the DSL last season, Cepeda was the DSL Cubs best all-around SS prospect not named Derniche Valdez, Gutierrez was the DSL Cubs top power hitting prospect not named Derniche Valdez, E. Vargas was the DSL Cubs top outfield prospect (and Cepeda and E. Vargas were also the DSL Cubs top two hitting prospects), Y. Diaz was the DSL Cubs top catching prospect, and M. Cruz was the DSL Cubs top pitching prospect.
F. Marte (ex-STL) and J. Vizcaino (ex-MIL) are older pitchers (both are 22) who were signed by the Cubs after being released by other organizations and then had really good years working out of the bullpen for the Cubs in the DSL last season.
The elephant in the room is 21-year old Francis Reynoso, a big dude (6'5) who was a position player (1B) at the Cardinals Dominican Academy for a couple of years, then was released by STL in 2022, and then signed by the Cubs and converted to a RHP at the Cubs Dominican Academy (and he projects as a high-velo "high-leverage" RP in the states). He had a monster year for the DSL Cubs last season (his first year as a pitcher).
Arizona Phil (view)
DJL: The only players who definitely have opt outs are Cooper, Edwards, and Peralta (Opening Day, 5/1, and 6/1), and that's because they are post-2023 Article XX-B MLB free agents who signed 2024 minor league contracts and (by rule) they get those opt outs automatically.
Otherwise, any player signed to a 2024 minor league contract - MIGHT or - MIGHT NOT - have an opt out in their contract, but it is an individual thing, and if there are contractual opt outs the opt out(s) might not necessarily be Opening Day. It could be 5/1, or 6/1, or 7/1 (TBD).
Because of their extensive pro experience, the players who most-likely have contractual opt outs are Alfaro, Escobar, and D. Smith, but (again), not necessarily Opening Day.
Also, just because a player has the right to opt out doesn't mean he will.
Dolorous Jon Lester (view)
I love the idea that Madrigal heads to Iowa in case Morel can’t handle third.
The one point that intrigues me here is Cooper over Smith. I feel like the Cubs really like Smith and don’t want to lose him. Could be wrong. He def seems like an opt out if he misses the opening day roster
Arizona Phil (view)
Childersb3: Both Madrigal and Wisdom can be optioned without any restriction. Their consent is not required.
They both can be outrighted without restriction, too (presuming the player is not claimed off waivers), but if outrighted they can choose to elect free agency (immediately, or deferred until after the end of the MLB season).
If the player is outrighted and elects free-agency immediately he forfeits what remains of his salary.
If he accepts the assignment and defers free agency until after the conclusion of the season, he continues to get his salary, and he could be added back to the 40 anytime prior to becoming a free-agent (club option).
Childersb3 (view)
Phil,
Madrigal and Wisdom can or cannot refuse being optioned to the Minors?
If they can refuse it, wouldn't they elect to leave the Cubs org?
Arizona Phil (view)
In my opinion, the biggest "affirmative" mistake the Cubs made in the off-season (that is, doing something they should not have done), was blowing $9M in 2024 AAV on Hector Neris. What the Cubs actually need is an alternate closer to be in the pen and available to close if Alzolay pitched the day before (David Robertson would have been perfect), because with his forearm issue last September, I would be VERY wary of over-using Alzolay. I'm not even sure I would pitch him two days in a row!
And of course what the Cubs REALLY need is a second TOR SP to pair with Justin Steele. That's where the Cubs are going to need to be willing to package prospects (like the Padres did to acquire Dylan Cease, the Orioles did to acquire Corbin Burnes, and the Dodgers did to acquire Tyler Glasnow). Obviously those ships have sailed, but I would say right now the Cubs need to look very hard at trying to acquire LHSP Jesus Luzardo from the Marlins (and maybe LHP A. J. Puk as well).