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.

Blue Jays, Josh Donaldson to table extension talks

Tom Szczerbowski/Getty Images
5 Comments

Sportsnet’s Ben Nicholson-Smith reports that the Blue Jays and third baseman Josh Donaldson are tabling extension talks as the two sides weren’t able to build any momentum towards agreement on a new contract.

Donaldson said, “We’re not quite there. That, to me, right now is not the major focus and I’m turning the page.” He added, “I want to play this season and really focus on winning games because, ultimately, our goal is to win a World Series and I don’t want to hinder that at all.” Donaldson also said he expects to hit free agency.

The 32-year-old avoided arbitration with the Blue Jays last month, agreeing on a $23 million salary for the 2018 season. He’s a free agent at season’s end. Last year, the three-time All-Star hit .270/.385/.559 with 33 home runs, 78 RBI, and 65 runs scored in 496 plate appearances. Donaldson missed six weeks in the first half with a calf injury, but was able to return and post terrific numbers, so his health — at least that aspect of it — shouldn’t be a concern going into spring training.

If Donaldson does reach free agency, he’ll join a star-studded group that will likely also include Bryce Harper, Manny Machado, Charlie Blackmon, and A.J. Pollock.