Mo Vaughn: real estate tycoon

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Vaughn Mets.jpgMo Vaughn used to spend his offseasons here in Columbus, Ohio.  Our paths crossed in a very, very vague way about seven or eight years ago as one of his investments — a bar he opened called “Flo Nitelife” — crashed and burned almost as soon as it opened. I represented a creditor, there ended up being no money in the joint anyway, and everyone decided that there was no sense in everyone suing everyone else.

I took two things away from that experience: (1) the certainty that one should never, ever go into the bar business unless one is in tight with both the booze distributors and the code enforcers, because you’re roadkill if you’re not; and (2) the feeling that, while Mo Vaughn may not have been the best bar owner on the planet, he was a pretty nice guy. I mean even my client who was left holding the bag on some fixtures that weren’t paid for swore that Vaughn was a great dude. Stuff just happens, ya know?

All of which makes me happy to see that Vaughn appears to have turned his business fortunes around, this time in New York:

These days he’s got it–not as the American League’s former MVP but as
the managing director of one of the city’s best-regarded and most
active buyers and managers of affordable housing. Along the way, Mr.
Vaughn and company have earned a place as one of the city’s top choices
for turning around distressed residential properties.

Vaughn may not have panned out as the Mets’ first baseman, but he’s doing much better in the Big Apple his second time around.

Report: Padres trade Matt Kemp to the Braves for Hector Olivera

SAN DIEGO, CA - JUNE 06:  Matt Kemp #27 of the San Diego Padres talks in the dugout prior to the start of the game against the Atlanta Braves at PETCO Park on June 6, 2016 in San Diego, California.  (Photo by Kent Horner/Getty Images)
Kent Horner/Getty Images
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Update (7:01 PM EDT): David O’Brien of the Atlanta Journal-Constitution reports the deal has been completed.

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ESPN’s Keith Law reported on Saturday evening that a bad contract swap involving the Braves’ Hector Olivera and the Padres’ Matt Kemp was “getting close.” Olivera has been pulled off the field, per Bob Nightengale of USA TODAY. Joel Sherman of the New York Post reports that only a last-second medical would kill the deal at this point, and that the Padres will be sending money to the Braves.

Kemp, 31, will have $64.5 million remaining on his contract through 2019 after this season, but the Dodgers will pay $3.5 million annually over those remaining three years, so the $64.5 million is really $54 million. The veteran has compiled a .262/.285/.489 triple-slash line with 23 home runs and 69 RBI in 431 plate appearances for the Padres this season.

Olivera, 31, will have $28.5 million remaining on his contract through 2020 after this season. The outfielder was handed an 82-game suspension, beginning on May 26, for his involvement in a domestic dispute on April 13. The suspension is up on August 2. He has a .501 OPS in 21 major league at-bats this season and a .278 OPS in 37 PA at Triple-A.

Dennis Lin of the San Diego Union-Tribune reports that the Padres will consider designating Olivera for assignment. The trade is all about the salary dump for the Padres, as they’d rather give outfield playing time to prospects Hunter Renfroe and Manuel Margot.

Athletics trade Billy Burns to the Royals for Brett Eibner

ST. PETERSBURG, FL - MAY 13: Billy Burns #1 of the Oakland Athletics waits on deck to bat during the fourth inning of a game against the Tampa Bay Rays on May 13, 2016 at Tropicana Field in St. Petersburg, Florida. (Photo by Brian Blanco/Getty Images)
Brian Blanco/Getty Images
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The Athletics and Royals swapped outfielders on Saturday. The Athletics sent Billy Burns to Kansas City and the Royals sent Brett Eibner to Oakland.

Burns, 26, doesn’t provide much in the way of offense, but he runs the bases well and plays solid defense. He was hitting .234/.270/.303 with 11 doubles, four triples, and 14 stolen bases in 274 plate appearances.

Eibner, 27, was batting .231/.286/.423 with three home runs and 10 RBI in 85 plate appearances. He has spent most of the season with Triple-A Omaha, where he’s put up a .902 OPS in 219 PA. Eibner played the outfield corners in the majors, but racked up a ton of time playing center in the minors, so his versatility will be valuable to the A’s.

Burns will become eligible for arbitration for the first time after the 2017 season while Eibner has hardly accrued any service time, which might explain part of the motivation behind the trade for the small-market Athletics.