The Rangers sale hits a snag. Again.

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I reported way back in December that Chuck Greenberg and Nolan Ryan’s purchase of the Rangers was no done deal, that there were serious concerns that their offer was cash-light and debt-heavy, and too many people were owed too much by Tom Hicks to simply let the deal go through on the power of wishes, hopes and Nolan Ryan’s drawl.  At the time everyone — including Chuck Greenberg himself, who called me at home — told me I was wrong, and that things were smooth sailing.

Then a little problem with the creditors popped up, and once again I wrote about it.  Once again, people told me I was full of it, that the deal was all cream cheese, and why was I being such a negative nellie about it anyway?

As recently as a few days ago we were still getting those “this is a done deal” reports, the sort of which sound more like a press release than news.  But you’ll forgive me if I, once again, refuse to drink the Kool-Aid:

The sale of the Texas
Rangers stalled last week, sources said, after MLB informed the team’s
creditors that there would be delays in responding to the lenders’ concerns
about the deal.

The developments serve as
a challenge to would-be buyer Chuck Greenberg’s stated goal of having the
transaction closed by Opening Day, if it can close at all, the sources said . . .

. . . MLB, acting as
intermediary between the creditors and HSG, was scheduled to respond by Feb. 26
to their demand for more cash. On March 1, MLB informed the lenders that there
were delays but did not offer details for why the delays were happening, the
sources said.

Of the delays, one
financial source said, “I don’t even think a deal gets done at $300 million
from the banks’ perspective. It feels like they are spinning their wheels.”
Another financial source was not as pessimistic but conceded that the clock was
approaching midnight for getting a deal done by Opening Day.

The original basis of concerns I reported in December was that Greenberg’s group — which consists of a lot of investors banded together — didn’t have the cash.  In this, it’s like any other number of team purchases in recent years. Only in the post-2008 world, people aren’t as happy taking IOUs as they used to be.  While there was always some merit to those who gave blithe “everything is going to be fine” assurances before, right now people want their money, not promises. In light of this it doesn’t surprise me at all that the deal is hanging up like it is.

Will Greenberg and Ryan get the Rangers? I still think, yeah, it will probably happen.  Too many people want it to happen in order to stop it, and at some point, if the creditors become enough of a problem, baseball or someone may actually step in and help the buyers out in some way to get it done.  But please, everyone involved in this deal needs to stop pretending that we’re stupid for not buying their talking points.  This deal has been in some choppy water for a long time, and no amount of assuming its inevitability changes that.

Orioles have reached out to Yovani Gallardo

Yovani Gallardo
AP Photo/Tony Gutierrez

From Jon Heyman of CBS Sports comes word that the Orioles “like” free agent starter Yovani Gallardo and “have reached out to him” to gauge his interest in coming to Baltimore and what that might cost.

Gallardo rejected a one-year, $15.8 million qualifying offer from the Rangers earlier this month and so his free agency is tied to draft pick compensation, but that shouldn’t hurt his bottom line all that much.

The 29-year-old right-hander posted a solid 3.42 ERA in 184 1/3 innings (33 starts) this past season for Texas and he pitched well in his one ALDS start.

Heyman reported a few weeks ago that the Diamondbacks are interested, and the Cubs, Blue Jays, and Dodgers were tied to him just ahead of the July 31 trade deadline.

Cubs, Cardinals, Giants, Dodgers, and Red Sox all showing serious interest in David Price

AP Photo/Tim Donnelly

David Price has expressed a desire to return to Toronto, where he finished out the 2015 season, but FOX Sports’ Ken Rosenthal writes Wednesday that the Blue Jays “are not expected to be a major factor in his free agency.”

The teams that should be considered serious suitors, per Rosenthal, are the Cubs, Cardinals, Giants, Dodgers, and Red Sox — all deep-pocketed teams looking to contend in 2016. Money is apparently the issue for the Blue Jays, who are currently owned by Rogers Communications.

Price registered an outstanding 2.45 ERA, 1.076 WHIP, and 225/47 K/BB ratio in 220 1/3 innings (32 starts) this past season between the Tigers and Jays, finishing second in the American League Cy Young Award race behind Dallas Keuchel of the Astros.

The 30-year-old left-hander is probably looking for a six- or seven-year contract worth more than $25 million per season. He is represented by agent Bo McKinnis.

Marlins have begun extension talks with Dee Gordon

Dee Gordon
AP Photo/Alex Brandon

Barry Jackson of the Miami Herald wrote three weeks ago that the Marlins were probably going to explore an extension this winter with second baseman Dee Gordon. And it sounds like those talks are underway.

Via beat writer Joe Frisaro of

As a guest on MLB Network’s “Hot Stove” show Wednesday morning, Gordon confirmed his camp has been in talks with the Marlins regarding a multiyear deal. A source told that the discussions are preliminary and have just recently started.

“My agent is doing the talking,” Gordon said on the show. “They’re just keeping me in the loop. I think it’s going pretty well right now. We’ll see how that goes. I’m just playing the waiting game. We’re going to do the right thing.”

The 27-year-old carries three more seasons of salary arbitration, so there’s no real rush to get something done before next spring. Gordon carries quite a bit of leverage after posting a career-best .333/.359/.418 slash line in 145 games this past season for the Fish. He led all major leaguers in hits (205) and stolen bases (58).

Braves sign Bud Norris to one-year contract

Bud Norris

Bud Norris has found a home for his attempt at a bounceback season, signing a one-year deal with the Braves. Jon Heyman of says it’s worth $2.5 million, which is a huge cut from his $8.8 million salary this year.

Norris had established himself as a solid mid-rotation starter from 2009-2014, but had a brutal 2015 season split between the Orioles and Padres with a 6.72 ERA in 83 innings and a late-season move to the bullpen.

In announcing the signing the Braves referred to Norris as a starting pitcher, so joining the rotation for a rebuilding team gives him a chance to get his career back on track with an eye on hitting the open market as a free agent again next offseason. And if he fares well, the Braves could use him to add a prospect or two at the trade deadline.