The Rangers have failed to make deferred compensation payments for months

Leave a comment

The biggest reason the sale of the Texas Rangers still hasn’t gone final is because the team’s creditors are angry that all kinds of cash is coming off the top of the deal to go to Tom Hicks and others, leaving less for them.  One of the “others,” SBJ reports today, is a deferred compensation fund that the Rangers are required to maintain pursuant to the Collective Bargaining Agreement. Yeah, they’ve been defaulting on that:

The Texas Rangers have been
in violation of baseball’s collective-bargaining agreement since at least last
season for failing to pay $39.55 million into a deferred compensation fund,
according to a letter sent on Oct. 22, 2009, by MLB executive vice president
Rob Manfred to the bidders for the ballclub. The MLBPA is aware of the
situation, Manfred wrote in the letter, and the union’s executive director,
Michael Weiner confirmed, in response to SportsBusiness Journal questions.

Weiner confirms that the team has not yet defaulted on any specific deferred compensation obligation (i.e. all players who have such arrangements have gotten all of their checks) but a violation is a violation, and if and when Chuck Greenberg gets the team, he’s going to have to replenish that fund with a cash payment.

There’s that word again. “Cash.”  The thing that some have reported this deal is short on. The thing that is still keeping the creditors from signing off on the sale.  You read stuff like this and you can’t help but wonder whether Greenberg has enough on the table right now.

Watch: Mike Trout ties MLB record with his 25th home run

Getty Images
1 Comment

It was only a matter of time before Mike Trout courted another all-time record, and on Saturday, he found himself in elite company with his 25th and 26th home runs of the season. He put the Angels on the board with a 429-foot blast in the first inning, depositing an 0-1 fastball from the Orioles’ Kevin Gausman into the left field bleachers:

In the third inning, with the Angels up 2-1, Trout returned to tack on another insurance run. He targeted Gausman’s slider for his second solo shot of the evening and cleared the center field fence with a 418-footer to bring his total to 26 home runs on the year.

Trout has mashed at a staggering .339/.471/.596 clip since his return from the disabled list last month, and Saturday’s totals helped mark his sixth consecutive season with at least 25 home runs. That’s a record few have matched before their age-26 season; in fact, only Hall of Fame sluggers Eddie Mathews and Frank Robinson have ever pulled it off.

Assuming he continues to rake in hits and plate appearances over the last six weeks of the regular season — and there’s nothing to indicate that he won’t — Trout is in line to join elite company of a different kind. The 26-year-old entered Saturday’s game with a 206 OPS+ (park-adjusted on-base plus slugging). According to MLB.com’s Matt Kelly, that means Trout’s hitting at a better clip than the average Major League player by a full 106 percent. Should he finish the year with a 200 OPS+ and 502 plate appearances or better, he’ll be the first player to do so since Barry Bonds obliterated the competition with his 263 OPS+ in 2004.

Blue Jays acquire Tom Koehler from Marlins

Getty Images
1 Comment

The Blue Jays acquired right-hander Tom Koehler from the Marlins in exchange for minor league right-hander Osman Gutierrez and cash considerations, the clubs announced Saturday. Koehler is in his sixth year with the Marlins and stands to make $5.75 million in 2017. He’ll be arbitration eligible in 2018 and is set to enter free agency by 2019.

The 31-year-old right-hander struggled to a 7.92 ERA, 4.7 BB/9 and 7.1 SO/9 over 55 2/3 innings with Miami in 2017. He was optioned to Triple-A New Orleans in late July, where he rebounded with a 1-1 record in seven starts and whittled his ERA down to a 1.67 mark. The Blue Jays have yet to establish Koehler’s role within their organization, but are hoping to see a turnaround from the righty when he breaks back into the big leagues.

Gutierrez, 22, was assigned to Single-A Greensboro on Saturday. He has yet to find his footing in the minors, and exited a 78-inning stint with Single-A Lansing after racking up a career-worst 7.85 ERA and 8.2 SO/9. His lack of control is particularly alarming, with a 6.2 BB/9 that dwarfs the 2.0+ BB/9 of seasons past, but he still has plenty of time to figure out his mechanics before reaching the Show.