Creditors reject Greenberg's latest offer

Leave a comment

Chuck Greenberg keeps telling everyone who will listen that there’s nothing to worry about, the sale of the Rangers will close by April 1, and all will be happy and sunshine. Events on the ground, however, continue to make such a scenario less and less likely. According to Daniel Kaplan of Sports Business Daily:

Hicks Sports Group creditors late last week again turned down terms for the
sale of the Rangers, continuing to throw into question when the ballclub will
be sold, sources said.

To review, under terms of the initial deal, the creditors were to get $230 million in cash. They want $300 million and have at least claimed that they’d throw the team into bankruptcy court in order to get it.  Now, to be fair, the odds of actually collecting that amount in bankruptcy court are rather small, and that’s before you even figure in the legal fees and hassle. But that’s the posture anyway, and each time Greenberg has attempted to get the deal done, they’ve said no dice.

Last week’s back and forth had Greenberg upping the offer to $240 million or $275 million depending on who you believe (the $275 million figure was supposed to contain deferred money).  $30-$60 million ain’t hay, so it’s not like you can expect the creditors to simply say “ah, screw it, let’s just round down” any more than you can expect Greenberg to simply say “ah screw it, I’ll just write you a check to get it done.”

This doesn’t mean Greenberg doesn’t end up with the Rangers at some point. It does, however, yet again, render the rosy “every little thing gonna be alright” jazz he’s been peddling since December increasingly silly.  Deals of this size get derailed over far less than $60 million, and even if they end up going through, a difference in that amount can utterly destroy the timeline.

Upshot: there’s a very real possibility that the Rangers may spend another season, or at least a good chunk of it, in the same kind of financial limbo they were in last year. A year in which they had to beg MLB for loans.

Astros’ bullpen throws combined one-hitter for MLB-best 30th win

Bob Levey/Getty Images
Leave a comment

The Astros’ bullpen did yeoman’s work in place of the injured Dallas Keuchel on Monday against the Tigers. Keuchel is temporarily sidelined with a pinched nerve in his neck.

Brad Peacock made the spot start, limiting the Tigers to one hit and two walks with eight strikeouts over 4 1/3 innings. Chris Devenski took over with one out in the fifth, finishing out that inning as well as the sixth and seventh, facing the minimum. Will Harris pitched a perfect eighth and Ken Giles closed out the 1-0 victory in the ninth. Devenski, Harris, and Giles each had two strikeouts.

The Astros scored their only run in the bottom of the first inning as George Springer drew a leadoff walk, then scored on Jose Altuve‘s one-out double. Tigers starter Brad Fulmer pitched well enough to win on most days, giving up the lone run in seven frames.

After Monday’s win, the Astros became the first team to reach 30 wins, sitting on a 30-15 record. With a +55 run differential, even their expected record matches up with their actual record.

Brandon Phillips hit his 200th career home run

Justin K. Aller/Getty Images
Leave a comment

Braves second baseman Brandon Phillips became the 337th player in baseball history to hit 200 career home runs, driving a solo home run to left-center field during Monday night’s home game against the Pirates. Phillips is the 14th second baseman (who played a min. of 75 percent of his career games at the position) to rack up at least 200 career home runs.

Phillips, 35, entered Monday’s action batting .290/.345/.405 with two home runs and 12 RBI in 142 plate appearances. If he’s anything, he’s consistent, as he finished with an adjusted OPS between 90-99 (100 is average) every year between 2012-16 and it was sitting at 97 coming into Monday.