Frank McCourt — who owns a baseball team worth close to a billion dollars, multiple luxury homes and eats out at fancy schmancy restaurants seven nights a week — claims that he’s got a cash flow problem:
Mr. McCourt’s filing paints the picture of a man who, relative to
his lifestyle, is operating without much of a cash cushion. In the
filing, Mr. McCourt said his liquid assets consisted of a bank account
with less than $1.2 million.
His filing said Mr. McCourt wouldn’t see any significant income
until next year — possibly as late as March — when he expected a
quarterly payment of as much as $1.25 million from the partnership that
owns the Dodgers. He said payments from the partnership were “my only
source of personal cash flow” other than checking-account interest. Mr.
McCourt said his liquid assets recently fell as low as $167,000, after
paying about $700,000 in expenses for his wife, who filed for divorce
last month. He said the Dodgers don’t pay any of his personal expenses.
Jamie McCourt’s lawyer says that’s “baloney” and says that Frank should “be ashamed of himself” for pleading poverty like this.
I think the truth is somewhere in between. Even if you believe Jamie McCourt’s previous filings which seek to paint the couple as loaded (and her as entitled to much of that wealth) they also show severe indebtedness. Indeed, the McCourt’s whole empire, the Dodgers included, is based on leverage, much of it tied up in homes that aren’t likely worth what they paid for them, and the bills continue to come due.
It’s exactly this sort of situation — minus the divorce, mind you — that has led to Tom Hicks’ ownership of the Rangers to near damnation. Throw in the divorce and you have Padres’ owner John Moores.
The more I see of this case, the more certain I am that the Dodgers will be sold in the not too distant future, and that until that sale comes, they’ll be cutting expenses wherever they can.
And hey, look! Higher ticket prices!
MLB.com’s Jenifer Langosch reports that Cardinals’ shortstop Aledmys Diaz has been sporting a new look around Busch Stadium with a pair of “strobe glasses,” technology-enhanced specs designed to help athletes focus on the ball. Like a strobe light, the lenses of these glasses affect a player’s vision by rapidly changing opacity, giving its wearers the illusion that the objects they see are moving more slowly than normal. Once a player adjusts to the new speed of play, they gain a greater sense of control and are able to time their actions with more precision.
Diaz isn’t the first MLB player to utilize the technology, just the first Cardinals’ player to do so. It’s been tested by Bryce Harper, Corey Brown, Tommy Joseph, Austin Hedges and Joe Mauer, among others around the league, and has been used for everything from refining a catcher’s reflexes behind the plate to tweaking a hitter’s ability to track a pitch. Per Langosch, Diaz has been using the glasses to hone in on the ball during pregame drills, increasing both his confidence and response time on the field and improving his defense at short.
The shortstop has been the focus of some concern this season after seeing a sizable dip in his production at the plate, and his five fielding errors, 0.6 UZR and 0.6 fWAR haven’t helped matters, either. He sustained a minor thumb injury during an at-bat on Friday night, and was left off of the Cardinals’ starting lineup on Saturday, though manager Mike Matheny didn’t rule out his ability to pinch-hit during the series. While the strobe glasses are a good start, Diaz will need more than a pair of specs to match the spotlight-worthy performance he turned out during his rookie season in 2016.
Red Sox’ left-hander Eduardo Rodriguez may finally get a chance at cracking the rotation again, assuming all goes well in Double-A Portland first. Rodriguez took the field prior to the club’s afternoon session with the Angels, firing 68 pitches in a simulated game as he prepared for an upcoming rehab assignment in Portland on Thursday.
The 24-year-old southpaw suffered a right knee subluxation during pregame warmups on June 1, and it’s been a slow path to recovery ever since. It’s not the first time Rodriguez has had issues with his right knee — he sustained a similar injury during spring training last year — and this time around, the Red Sox weren’t about to gamble with their starter’s health. Ian Browne of MLB.com reports that Rodriguez was put in a knee brace and underwent exercises designed to help him regain some mobility and stability while he worked back up to full strength on the mound.
He’ll still need to prove he can throw a 75- to 80-pitch outing in Double-A, and barring any significant setbacks, will likely rejoin the Red Sox’ pitching staff when they visit the Rangers next month. In the meantime, the club will continue to cycle starters through the No. 5 spot, which has seen no fewer than three different pitchers since Rodriguez hit the disabled list. The lefty is 4-2 in 10 starts this season after logging a 3.54 ERA, 3.1 BB/9 and career-high 9.6 SO/9 through his first 61 innings.