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.
Mike DiGiovanna of the Los Angeles Times reports that the Angels have inked outfielder Eric Young, Jr. to a minor league contract with an invitation to spring training.
Young, 31, played in just six games and logged one plate appearance in the majors this past season with the Yankees. He last played regularly in 2014. While Young doesn’t do much with the bat, he could provide value as a pinch-runner. He also offers versatility, having played all three outfield positions along with second base.
The Angels have Ben Revere as their fourth outfielder and Jefry Marte behind him, so Young would need to have a very impressive showing in spring training to find a spot on the Angels’ roster.
Update (5:20 PM EST): It’s a minor league contract, per Ken Rosenthal of FOX Sports. If he makes the major league roster, Saltalamacchia will earn $1.25 million with an additional $250,000 available through incentives.
The Blue Jays are close to a deal with free agent catcher Jarrod Saltalamacchia, Shi Davidi of Sportsnet is reporting.
Saltalamacchia, 31, hit a meager .171/.284/.346 with 12 home runs and 38 RBI in 292 plate appearances with the Tigers this past season. With Russell Martin getting regular playing time behind the plate, Saltalamacchia will serve as his understudy, pushing A.J. Jimenez and Juan Graterol down on the depth chart.
The veteran catcher isn’t far removed from being a productive backstop. He had an .805 OPS in 70 games with the Diamondbacks in 2015 and also helped the Red Sox win the World Series in 2013 with an .804 OPS in 121 games.